Property Overview: 676 Dudley Avenue, Earl Grey, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, historic one-storey home built in 1893, situated on a standard-sized lot in the established Earl Grey neighbourhood. Its key characteristic is its modest scale, with a living area of 592 sqft, which places it among the smallest homes in the area. The basement has been renovated. There is no garage or pool.
The appeal lies in its potential as an entry point into a desirable neighbourhood. The very low assessed value reflects its size and age, suggesting it could be a financially accessible project for a specific buyer. It would suit a minimalist, first-time buyer, or an investor looking for a character home with renovation potential, provided they are comfortable with a small footprint. A less obvious perspective is its potential as a "right-sized" home for someone seeking simplicity and lower utility costs, where the historic charm outweighs the need for modern space. Its recent sale price in 2021 indicates the market has previously valued it significantly higher than its assessed value, highlighting the difference between tax assessment and market demand.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the nearby comparable homes?
The assessed value is primarily based on the home's exceptionally small size (592 sqft) and its age (1893), which place it in a different category than larger, modern homes in the area. Tax assessment formulas weigh these physical attributes heavily.
2. What does the "Top 99%" ranking for living area mean?
This statistical ranking means that 99% of comparable homes in the area are larger. It clearly indicates this is one of the smallest properties available, which is a defining feature to consider for space needs.
3. Is the renovated basement included in the living area square footage?
Typically, below-grade basement space is not counted in the official living area (square footage) of a home, even if it is renovated. The 592 sqft likely refers to the above-ground living space only.
4. What type of renovation might this property need?
Given its age, buyers should budget for potential updates to foundational systems like wiring, plumbing, or insulation. The scale of the home could make renovations more manageable in scope, but the historic nature may require specialized care.
5. How does the lack of a garage affect parking and storage?
The property has no garage, so parking would be on-street. The small home size also limits interior storage, so buyers would need to consider creative storage solutions or be comfortable with a minimalist lifestyle.