Property Overview: 740 Warsaw Avenue, Earl Grey, Winnipeg
Key Characteristics & Appeal
This is a modest, one-storey home built in 1927, offering 915 square feet of living space on a 3,541 sqft lot in the established Earl Grey neighbourhood. Its key appeal lies in its straightforward, no-frills layout and its position as an affordable entry point into a desirable area. The home has a basement, but it is not renovated, and there is no garage or pool.
The property suits first-time buyers, downsizers, or practical investors looking for a lower-maintenance footprint without sacrificing location. Its assessed value is consistently around the average for its immediate street and area, suggesting a stable, unassuming investment rather than a standout bargain or premium property. A thoughtful perspective is that the lot size is actually above average for Earl Grey, offering potential for future expansion or landscaping that similar homes on smaller lots cannot. While the living space is below average, this translates to lower utility costs and less upkeep—an advantage for those seeking simplicity. The recent sale history indicates steady, modest appreciation, pointing to a home that holds its value without dramatic swings.
Frequently Asked Questions
1. Is the basement finished or usable for storage?
The listing specifies the basement exists but is "not renovated." It should be considered unfinished utility space, suitable for mechanical systems and general storage, but not as livable area.
2. What is the parking situation without a garage?
The property has no garage. Parking would be via on-street or a potential driveway, if one exists. It's advisable to verify on-site parking options directly.
3. How does the assessed value relate to the likely selling price?
The home is assessed at approximately $33,600. Recent sales on the street in 2023 and 2019 were in the $31,500 to $28,800 range. The selling price will be set by the current market, but this history provides a grounded benchmark.
4. What are the implications of the "below average" living area?
At 915 sqft, the living space is smaller than many area homes. This means efficient use of space is key. It may be ideal for 1-2 people but could feel tight for a growing family, though the lot size offers compensatory outdoor space.
5. The home is nearly 100 years old. What should I be most concerned about?
While the structure has proven its durability, a pre-purchase inspection is essential. Focus should be on the foundation, roof, plumbing, electrical systems, and the condition of the unrenovated basement, as these are where major expenses in an older home typically arise.