587 Warsaw Avenue

Property Overview: 587 Warsaw Avenue, Earl Grey, Winnipeg

Section 1: Key Characteristics & Appeal

This is a classic, two-storey character home built in 1911, offering a blend of historic charm and modern updates. With 1,216 sqft of living space, it sits comfortably within the average range for the desirable Earl Grey neighbourhood. A key feature is its renovated basement, adding valuable functional space. The home sits on a standard city lot of just over 3,000 sqft.

Its primary appeal lies in its strong positioning within a mature, established community. The assessed value ranks well above average for both its street and the wider Earl Grey area, suggesting it is perceived as a solid asset in its locale. This isn't a sprawling property, but a well-situated and efficiently sized home. It would suit first-time buyers or downsizers seeking a manageable character home in a central neighbourhood without the upkeep of a massive lot. It’s also a practical fit for those who value a finished basement for extra living, storage, or hobby space over amenities like a garage or pool.

A less obvious perspective is that its 1911 construction, while requiring due diligence, offers a sense of permanence and craftsmanship sometimes absent in newer builds. The data indicates you’re buying into a home that has maintained relative value strength on its street, which can be a sign of a well-kept property in a stable micro-market.

Section 2: Frequently Asked Questions

1. What does the "above average" assessed value ranking mean?
It means that, compared to similar homes on Warsaw Avenue and in the Earl Grey neighbourhood, this property has a higher assessed value. This typically reflects factors like its condition, renovations, and desirability within its immediate context.

2. Are there any concerns with a home built in 1911?
As with any century-old home, a thorough inspection is essential. Potential buyers should budget for and inquire about the age and condition of major systems like wiring, plumbing, and the foundation, alongside the recent renovations.

3. What is the neighbourhood like?
Earl Grey is a mature, central Winnipeg neighbourhood known for its tree-lined streets, character homes, and community feel. It offers a mix of residential comfort with convenient access to local amenities, parks, and major routes.

4. There's no garage. What are the parking options?
The property does not include a garage. Parking would be via on-street permits. Buyers should confirm availability and regulations with the city to ensure it meets their needs.

5. The lot size ranks "below average" citywide. Is that a drawback?
This is relative. While the lot is smaller than the city's overall average (which includes newer suburbs with larger plots), it is around average for Earl Grey. This means less yard maintenance, which can be an advantage for many, but may not suit those seeking extensive outdoor space.