Property Overview: 706 Warsaw Avenue, Earl Grey, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1942, presents a practical opportunity in the established Earl Grey neighbourhood. With 990 sqft of living space and a recently renovated basement, it offers a manageable footprint for downsizers, first-time buyers, or investors. The 4,266 sqft lot is a notable feature, providing above-average outdoor space for the area—a valuable asset for gardening, entertaining, or future expansion.
The appeal lies in its balance and location. The home’s assessed value sits above average for Earl Grey, suggesting it is well-regarded within its immediate context, while its living area is comfortably sized for the neighbourhood. This indicates a property that holds its own in a desirable area without the premium of a larger, modernized home. It suits buyers looking for a solid entry into a character neighbourhood, those who value a generous lot over a sprawling house, or someone seeking a home with a updated basement ready for living space or rental potential.
Section 2: Frequently Asked Questions
1. How does this home compare in size to others nearby?
At 990 sqft, the living area is slightly below the average for both Earl Grey and Winnipeg overall, but is very close to the average for homes directly on Warsaw Avenue. It’s a compact but efficient layout typical of its era.
2. What does the assessed value tell us?
The assessed value is above average for the Earl Grey neighbourhood, which often reflects the property’s condition, lot size, and desirability within that specific market. It suggests the property is positioned well relative to its local peers.
3. Is the lot size a significant feature?
Yes. The land area is notably larger than the typical lot in Earl Grey (ranking in the top 11% for the neighbourhood). This extra outdoor space is a key advantage, offering more privacy and potential than many nearby properties.
4. What should I know about the renovation?
The listing specifies a renovated basement. We recommend inquiring about the scope, permits, and quality of the renovation, as well as whether it created a legal secondary suite or additional living space.
5. Who might this property not suit?
Buyers seeking a move-in-ready, modern open-concept layout or extensive square footage on the main floors may find the 1942 layout and modest living area less ideal. It’s best for those comfortable with the character of a classic home and who see potential in the lot and renovated lower level.