Property Overview: 767 Warsaw Avenue, Earl Grey, Winnipeg
Key Characteristics & Appeal
This well-situated two-storey home in the established Earl Grey neighbourhood offers a blend of classic charm and modern updates. Its key characteristic is a renovated basement, adding valuable finished living space to the home's 1,360 sqft footprint. While the home itself is above average in size for its immediate street and neighbourhood, it sits on a more modest, city-typical lot. The detached garage provides flexible storage or workshop potential.
The appeal lies in its location within a sought-after community and a living space that outperforms many local comparables. The 1913 build date suggests classic character, while the renovated basement indicates thoughtful updates. A thoughtful perspective is that its assessed value is notably lower than the city-wide average for similar-sized homes, which could present an opportunity for value-conscious buyers entering a desirable area. This property would suit a buyer looking for a character home in a prime neighbourhood without a massive yard to maintain, and who appreciates having move-in-ready updates like a finished basement.
Frequently Asked Questions
1. How does the home's size compare to others in the area?
At 1,360 sqft, the living area is above average for both Warsaw Avenue and the wider Earl Grey neighbourhood, placing it in the top 23-28% of comparable local homes.
2. What does the "below average" assessed value ranking mean?
The home's assessed value of $270k is below the average for its street and the city overall. This can sometimes indicate a different valuation approach or market factors, but it's important to note it is around the average for the Earl Grey neighbourhood specifically.
3. Is the lot size a limitation?
The 3,010 sqft lot is smaller than many on its street but is close to the average for Earl Grey. It provides a manageable outdoor space typical of many central, established neighbourhoods.
4. What should I consider about the 1913 build date?
While the home has a renovated basement, its age means a thorough inspection is essential to understand the condition of original elements like wiring, plumbing, and the foundation, common considerations for houses of this era.
5. How does the last sale price from 2016 relate to today's value?
The 2016 sale price of $249,000 is a historical data point. Current value is better reflected by the 2024 assessed value and, more importantly, by recent market comparisons and a professional appraisal.