Property Overview: 642 Warsaw Avenue, Earl Grey, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated two-and-a-half storey home in the established Earl Grey neighbourhood presents a compelling blend of space, location, and value. Its primary appeal lies in its generous 1,679 sqft living area, which ranks within the top 5% of homes on Warsaw Avenue and the top 9% within Earl Grey itself, offering significantly more interior space than many local comparables. While the home retains its original basement and does not feature a garage or pool, its recently sold price and assessed value are notably above average for the immediate area, suggesting a property that holds its worth in a desirable location.
The home suits two main types of buyers: those seeking a character home with solid "bones" and ample room for a personalized renovation, and pragmatic buyers who prioritize living space and location over modern finishes or large lots. A thoughtful perspective is that the smaller, more manageable lot (2,659 sqft) could be seen as a benefit for those wanting less yard maintenance while still being in a prime, central neighbourhood. Its consistent above-average sale prices in a historic building (built 1912) indicate a purchase grounded more in the enduring value of location and square footage than in fleeting trends.
Section 2: Frequently Asked Questions
1. Is the home in move-in condition?
The listing notes the basement is "not renovated," suggesting the home may require updates. It is best suited for buyers comfortable with some degree of project or modernization.
2. How does the property's value compare?
The home's assessed value ($39.50k) is above average for both Warsaw Avenue and the Earl Grey neighbourhood, placing it in the top 15-20% locally. Its recent sale price also trended well above area averages, indicating strong market recognition for this specific property.
3. What is the significance of the living area size?
At 1,679 sqft, the living space is a standout feature. It is larger than approximately 95% of homes on its street and 91% of homes in Earl Grey, offering rare interior volume for the area.
4. Are there any drawbacks to the lot size?
The lot is smaller than average for the street and city. This means less private outdoor space but also translates to lower maintenance. For some, the trade-off for a larger home on a smaller lot in a prime location is advantageous.
5. What does the sale history indicate?
The property has sold three times in recent years (2016, 2022, 2024), each time at a price significantly above the area average for that period. This pattern suggests a property that is consistently in demand and retains its value effectively within its market niche.