Property Overview
This 1924 one-storey home in Earl Grey presents a compact, renovated living space on a notably generous lot. Its 888 sqft interior is below the average size for the area, but this is balanced by a fully renovated basement, adding functional space. The property's key appeal lies in its combination of a mature, established neighbourhood, a large 4,240 sqft lot that is well above average for Earl Grey, and recent updates. The assessed value is relatively modest compared to the city-wide average, potentially offering an entry point into a desirable area.
It would suit first-time buyers or downsizers seeking a lower-maintenance, single-level home with room to garden or expand outdoors. The generous lot is a standout feature for those who value private outdoor space over a large interior footprint. It’s a practical choice for someone who wants character and location but is comfortable with a cozy, efficiently designed living area.
Frequently Asked Questions
1. How does the home's size compare to the neighbourhood?
The living area is compact at 888 sqft, which is below the average for both Nassau Street and the wider Earl Grey area. This suggests a home focused on efficient use of space, with the renovated basement providing crucial additional room.
2. What does the "above average" land area ranking mean?
The 4,240 sqft lot is a significant feature, ranking in the top 23% on its street and top 12% in Earl Grey. This means the property offers more outdoor space than most in this mature, central neighbourhood.
3. Is the assessed value a reliable indicator of the sale price?
The current assessed value is $290,000. It's important to note the home sold for $360,000 in April 2022. Market conditions, recent renovations, and buyer demand will influence the current sale price, making the past sale price a critical reference point.
4. What are the implications of the home's age?
Built in 1924, the home is older than most in Winnipeg. This often means character and a prime location, but it also warrants a thorough inspection to understand the condition of original components like wiring, plumbing, and the foundation, despite the basement renovation.
5. What type of buyer would this home not suit?
It may not suit buyers who prioritize abundant interior square footage or modern, open-concept layouts. The configuration is typical of its era, and the living area rankings clearly indicate a cozier floor plan. Those needing multiple bedrooms, dedicated home office space, or a garage should evaluate the layout carefully.