Property Overview: 375 Lilac Street, Earl Grey, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 2009, stands out in the established Earl Grey neighbourhood for its modern age and above-average scale. With nearly 2,000 sqft of living space, it offers significantly more room than most local and city-wide comparables, placing it in the top tier of homes for size. Its fully renovated basement adds to the functional living area. The property is complemented by an attached garage and sits on a standard city lot for the area.
The primary appeal lies in acquiring a relatively contemporary, low-maintenance structure in a mature, sought-after neighbourhood. Buyers avoid the immediate major renovations often needed with century-old character homes, while still enjoying the stable, tree-lined streets of Earl Grey. It’s an ideal match for professionals or families seeking move-in-ready comfort, ample space, and the community benefits of a central location without the upkeep of a heritage property. A thoughtful perspective: this home represents a "best of both worlds" scenario—it delivers modern interior livability within a classic neighbourhood setting, a combination that is rare in this area.
Frequently Asked Questions
1. How does this home compare to others on the street and in Earl Grey?
Statistically, it is among the newest and largest homes on Lilac Street and within the entire Earl Grey neighbourhood. Its living area is in the top 4% locally, and it is newer than 96% of area homes, offering a distinct advantage in modern construction.
2. What is the significance of the assessed value?
The assessed value of $62.3k (where 'k' represents a unit of value) is in the top 1% for Earl Grey, indicating it is officially valued much higher than the neighbourhood average. This often correlates with a higher market value and property tax assessment.
3. Is the lot size typical?
Yes. The land area of 3,164 sqft is around average for Earl Grey but is below the city-wide average, which includes many newer suburbs with larger lots. It is a standard urban lot for this central neighbourhood.
4. What can nearby "For Reference" listings tell me?
The listed comparable sales, like 370 Lilac Street, highlight this property’s premium. That similar-aged but smaller neighbour sold for $60.5k in 2021, providing a past benchmark. The "Worth Viewing" newer builds on Scotland Avenue show this home exists in a market with modern alternatives.
5. Who might this property not suit?
It may not suit buyers seeking a historic character home with original architectural details, or those desiring a very large yard. The value is in the modern building itself rather than in heritage charm or expansive outdoor space.