Property Overview
This 1914 two-storey home in Earl Grey presents a classic character property with a renovated basement. Its appeal lies in the combination of established neighbourhood charm, a functional layout over 1,200 square feet, and a larger-than-average lot for the area. The home suits a practical buyer who values space and location over new construction—someone ready to live in a solid, older home as-is or to make gradual updates. A thoughtful perspective is its consistent, modest growth in assessed value over recent years, suggesting a stable, un-hyped investment in a mature community. It’s not the newest or most modern home on the block, but it offers a grounded entry into a desirable area with room to grow.
Key Details & FAQs
- Key Characteristics: Built in 1914, featuring 1,216 sq ft of living space on a 2,110 sq ft lot. Includes a renovated basement. No garage or pool.
- Neighbourhood Context: Located in Earl Grey. The lot size ranks very high locally, while the home’s age and size are more typical for the area.
- Value History: The assessed value is $30,200. It last sold in 2019 for $26,100, and prior to that in 2016 for $23,800.
Frequently Asked Questions
1. What does the "rank" data mean?
The rankings compare this property against others on the same street, in the neighbourhood, and across Winnipeg. For example, its lot size is in the top tier (top 0%), meaning it's larger than most, while its living area is more average (top 72% on its street).
2. Is the renovated basement finished?
The listing specifies a "renovated basement," which typically means it has been updated for modern use, but you should confirm the specific finish level, ceiling height, and permitted uses during a viewing.
3. Why is the assessed value relatively low compared to some nearby newer builds?
Municipal assessed value for tax purposes often differs significantly from market value, especially for older homes. It is based on a mass appraisal system and may not reflect recent renovations or current market conditions. Newer builds, like the comparables on Scotland Avenue, will naturally have a much higher assessed value.
4. What type of ongoing maintenance should I anticipate?
As a 112-year-old home, prospective buyers should budget for and inspect age-related systems. This includes the roof, foundation, plumbing, and electrical wiring, which may need updates or ongoing maintenance compared to a new build.
5. There are nearby homes with similar assessed values in different neighbourhoods. What does that tell me?
This shows that from a municipal tax assessment perspective, this home is considered comparable in value to those properties. It underscores that value in Winnipeg can be similar across different neighbourhoods, making factors like location preference, lot size, and home character important differentiators beyond the assessment number.