Property Overview
This one-and-a-half storey home on Lorette Avenue in Earl Grey is a classic Winnipeg character property built in 1911. With 919 square feet of living space and a standard city lot of 2,530 square feet, it presents a more compact and manageable footprint. The home features a basement, but it is noted as not being renovated. There is no garage or pool. Its assessed value is notably below average for the city, and it last sold in June 2021.
Key Characteristics & Appeal
This home’s primary appeal lies in its location within the established Earl Grey neighbourhood and its potential as an entry point into the market. It suits first-time buyers, downsizers, or investors looking for a character home with a lower financial barrier to entry. The smaller size and lot make it manageable for those seeking a low-maintenance property without sacrificing the charm of an older area.
A thoughtful perspective is that a home of this vintage and size offers a chance to customize and renovate over time without the overwhelming scale or cost of a larger project. Its below-average metrics in living space, land area, and assessed value for the area suggest it is a more affordable option in a desirable neighbourhood, representing a trade-off where location is prioritized over size or modern finishes. The unrenovated basement indicates a clear opportunity for a future owner to add value according to their own needs and budget.
Frequently Asked Questions
1. What does "one-and-a-half storey" typically mean for a home of this era?
It usually refers to a home with a main floor and a second floor under a sloped roof, where the upper level may have cozier, character-filled rooms with dormer windows. The layout can feel charming but may have lower ceilings or unique room shapes compared to a modern two-storey.
2. The assessed value seems low. Does that indicate a problem?
Not necessarily. Municipal assessed value is for tax purposes and can lag behind market value, especially for older homes that haven't been recently renovated. A lower assessment can mean relatively lower property taxes, which is an ongoing cost savings.
3. What should I consider about an unrenovated basement in a 1911 home?
It’s important to have it professionally inspected for foundational integrity, moisture management, and the state of older plumbing and electrical systems. While it presents an opportunity, planning for necessary updates should be part of your budgeting.
4. How does the smaller lot size impact living here?
The lot is below average for the street and area, meaning smaller outdoor spaces. This can be a positive for minimal yard maintenance but a limitation for those wanting extensive gardens, play areas, or future additions like a large deck or garage.
5. The home ranks low for its year built on the street. Is that a concern?
This ranking simply means it is one of the older homes on a street with many newer properties. It highlights the home's historic character. The key consideration is how well its major aging components—like the roof, wiring, and plumbing—have been maintained or updated over the years.