745 Scotland Avenue

Property Overview: 745 Scotland Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home in Earl Grey is a classic, no-frills property built in 1912. With 1,024 square feet of living space and an unrenovated basement, it presents a straightforward opportunity. Its key appeal lies in its position within a desirable, established neighbourhood, offering a chance to enter the market at a relatively accessible point. The lot, while smaller than the city average, is typical for the immediate street.

This home would best suit a specific type of buyer: a handy first-time purchaser or an investor looking for a character home with renovation potential. It’s not a move-in-ready showpiece, but a canvas. A thoughtful perspective is that its older construction and smaller footprint might appeal to those seeking lower utility costs and a simpler, more manageable space compared to larger modern homes. The data suggests it’s a modest property even within its own community, making it a pragmatic choice for someone whose priority is location and foundation over modern finishes.

Section 2: Frequently Asked Questions

1. What does the "Top X%" ranking mean for each metric?
These rankings compare this specific property against groups of similar homes. For example, its living area is in the "Top 72%" on its street, meaning about 28% of comparable homes on Scotland Avenue are larger. It's a quick way to see how the home measures up locally.

2. Is the assessed value the same as the market sale price?
No. The assessed value of $23,700 is for municipal tax purposes. The last recorded sale was in September 2021 for $24,400. The current market price would be determined by recent sales, condition, and demand.

3. What should I know about a home built in 1912?
While offering charm, it’s crucial to budget for and inspect systems typical of its age, such as wiring, plumbing, and the foundation. The unrenovated basement condition should be a key focus of any inspection.

4. The home has no garage. Is street parking readily available?
The listing notes no garage. Prospective buyers should visit at different times to assess on-street parking availability on Scotland Avenue and nearby streets.

5. How does this home compare to the newer builds on the same street?
The listing shows newer, larger homes on the same block with significantly higher assessed values. This highlights the trade-off: this property offers entry into the same location at a lower price point, but with an older home that may require updates compared to its modern neighbours.