Property Overview
770 Warsaw Avenue is a compact, one-storey home in Winnipeg's Earl Grey neighbourhood. Its key characteristic is its modest 774 sqft living area, which is notably smaller than most comparable homes in the area, street, and city. Built in 1950, it is a newer construction relative to many homes in its immediate vicinity. The property sits on a roughly 3,500 sqft lot and features a detached garage and an unrenovated basement. Its recent sale price and assessed value are consistently around the average mark for its local context.
The appeal lies in its entry-level positioning within a well-established neighbourhood. It suits first-time buyers or downsizers seeking a lower-maintenance footprint and a manageable project, as the basement presents clear renovation potential. A less obvious perspective is that its smaller size and average valuation, paired with a newer build year for the area, could represent a efficient, "right-sized" property in a market where larger, older homes come with higher maintenance costs and renovation complexities. It’s a practical choice for those prioritizing location over square footage.
Frequently Asked Questions
1. Is the house significantly smaller than its neighbours?
Yes. The living area is below average for Warsaw Avenue, the Earl Grey neighbourhood, and Winnipeg overall, placing it in the top 90-92% smallest of comparable homes (meaning only 8-10% are smaller).
2. What does the "unrenovated basement" imply?
The listing specifies the basement exists but is "not renovated." Buyers should anticipate a space in need of finishing and modern systems, which represents both a cost and an opportunity to add value and customize.
3. How does the lot size compare?
The land area is around average for the street and neighbourhood but below the city-wide average. It provides a typical urban yard for the area.
4. Is the 1950 build year a positive?
In the context of Earl Grey, where many homes are from the early 1900s, a 1950 build is above average and may suggest newer foundational elements and systems, though a full inspection is always necessary.
5. Who would this property not suit?
It would likely not suit buyers needing multiple bedrooms or ample living space, those unwilling to take on a basement renovation project, or investors seeking a immediately rentable suite, as the basement is unfinished.