Property Overview: 672 Warsaw Avenue, Earl Grey, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a classic Winnipeg two-and-a-half storey, built in 1912, offering 1,088 sqft of living space on a 2,658 sqft lot in the established Earl Grey neighbourhood. Its key characteristics include a detached garage and an unrenovated basement, presenting a straightforward, functional layout. The appeal here is one of honest potential and location. The house sits on a smaller, manageable lot for the area, which can mean less maintenance. Its assessed value is notably modest compared to both the street and city averages, suggesting a relatively lower property tax burden and an accessible entry point into a desirable neighbourhood.
This property would suit a pragmatic first-time homebuyer or an investor looking for a character home in a central location without a premium price tag. It’s for someone who values Earl Grey’s mature streets and community feel over a large or modern footprint, and who sees the unrenovated basement and classic structure as a canvas for gradual, personalized updates rather than immediate shortcomings. The recent sale indicates a market-ready property, ideal for a buyer seeking a home that is liveable now but holds long-term value through its location and lot.
Section 2: Frequently Asked Questions
1. What does "below average" for land area on the street actually mean?
While the lot is smaller than most on Warsaw Avenue (ranking in the bottom 6%), it is close to the average size for the wider Earl Grey neighbourhood. This translates to less yard upkeep than many neighbouring homes, which can be a practical advantage.
2. The assessed value seems low. Is that a concern?
A lower assessed value relative to peers typically results in lower municipal property taxes, which is a financial positive for the owner. It reflects the home’s more compact size and vintage, not necessarily its condition or market value, which is determined by the recent sale.
3. What are the implications of an unrenovated basement?
This indicates the basement is in original or functional condition, but not modernized. It offers usable space for storage and utilities, but any finishings (like a recreation room or additional living space) would be a future project for the buyer, allowing them to customize it to their needs and budget.
4. How does the age of the home (1912) factor in?
A home from 1912 comes with classic character and solid construction, but also means that major systems (like plumbing, electrical, or the roof) may have been updated over time. A buyer should prioritize a thorough inspection to understand the state of these components.
5. Who is the typical buyer in this part of Earl Grey?
The neighbourhood attracts a mix of young families drawn to the community vibe and schools, along with long-term residents. This particular home, given its scale and lot size, might especially appeal to smaller households, first-time buyers, or those looking to downsize while staying in a central, tree-lined area.