Property Overview: 728 Warsaw Avenue, Earl Grey, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This one-and-a-half storey home, built in 1912, is a classic character property in the established Earl Grey neighbourhood. With 1,265 sqft of living space, it offers a comfortable size that ranks above average for both its street and local area. The lot is a manageable 3,060 sqft. Key features include a basement (noted as unrenovated) and no garage. Its assessed value of $350k positions it as a solid, mid-range property within the city.
The primary appeal lies in its location and value within a desirable neighbourhood. The home presents a practical opportunity for buyers drawn to character homes but who are comfortable with a property that may require updates, as evidenced by the unrenovated basement. It suits first-time buyers or downsizers looking for a foothold in a mature community without a premium price tag, or investors seeking a rental property in a stable area. A thoughtful perspective is that while the home is older than the city average, this is typical for Earl Grey, suggesting you are buying into the neighbourhood's established charm and tree-lined streets, not just a standalone house.
Frequently Asked Questions
1. How does this home compare in size and value to others in Earl Grey?
The living space is slightly above the neighbourhood average, while the assessed value is in the top 27% for Earl Grey, indicating it is considered a good value relative to other homes in the area.
2. What does "unrenovated basement" typically imply?
This usually means the basement is in original or functional condition, but not modernized. It likely has foundational systems (furnace, electrical) in place but may lack finished living space, presenting potential for future customization or requiring budget for any necessary updates.
3. Is the lack of a garage a significant concern?
This depends on lifestyle. Many homes in older neighbourhoods lack garages. Buyers should consider on-street parking availability and their personal need for vehicle storage or workshop space.
4. The home sold in 2023 and 2017. What does that recent turnover suggest?
Recent sales activity can indicate a number of things, from typical market movement to a quick investment resale. It underscores the importance of a thorough home inspection to understand the property's current condition.
5. How does the lot size impact this property?
At 3,060 sqft, the lot is smaller than the city average but typical for the area. It offers lower maintenance than a large yard while still providing private outdoor space, which can be a balanced advantage for many.