Property Overview

This 1948 home on Garwood Avenue in Winnipeg's Rockwood neighborhood presents a solid, no-frills opportunity. Its primary appeal lies in offering established neighborhood character and a generous lot at a manageable scale. With 924 square feet of living space, the house itself is modest and slightly below the city average, but it sits on a lot that is notably larger than most on its street and in the area. This creates a valuable balance: the home is affordable to maintain and heat, while the land provides private outdoor space and potential. The assessed value is healthy for the street, suggesting the property holds its ground in its immediate context.

It would suit a first-time buyer looking for a sensible entry into the Winnipeg market, someone who values a larger yard over a larger house, or an investor seeking a stable, rental-ready property in an established area. It's less suited for those seeking modern, expansive square footage or a brand-new build without renovation projects.

Frequently Asked Questions

1. Is the house too small compared to others?
While the living area is below the Winnipeg average, it is typical for the Rockwood neighborhood and very close to the average on Garwood Avenue itself. For the street, it actually ranks above average. This indicates the home fits the local profile.

2. What does the "above average" land area mean practically?
With a lot size ranking in the top 9% on its street, this property offers more outdoor space than most neighbors. This could mean a larger backyard for gardening, play, or entertaining, and may provide more flexibility for future additions, subject to zoning.

3. The home was last sold in 2021. Should I be concerned about a quick resale?
Not necessarily. The sold price range from 2021 places it competitively for both the street and the city. Market conditions, life circumstances, or investment strategies can drive a sale after a few years. The stable assessed value suggests no major, unexpected issues.

4. How does its 1948 build date compare?
It's a newer home on a street where the average house was built in 1938. This could imply somewhat newer systems or construction methods compared to immediate neighbors, though any home of this age will require a thorough inspection of its roof, wiring, and plumbing.

5. The assessed value seems high for the street but average for the city. Why?
The assessment reflects the property's total package: the house combined with its larger-than-average lot size for the area. While the structure is modest, the land contribution boosts its value relative to neighbors with smaller lots, bringing it in line with the broader city's typical valuation for similar offerings.