Property Overview
787 Fleet Avenue is a compact, one-storey home in Winnipeg's Earl Grey neighbourhood. Built in 1927, its key feature is a renovated basement, adding valuable functional space to the 724 sqft main floor. The property includes a detached garage and sits on a standard city lot of just over 3,000 sqft.
Its primary appeal lies in being an affordable, low-maintenance entry point into a well-established neighbourhood. The renovated basement is a significant asset, effectively doubling the usable living area and offering flexibility for a recreation room, home office, or additional storage. While the living space is notably smaller than area averages, this translates to a lower price point and manageable upkeep.
This home would suit first-time buyers or downsizers seeking a straightforward property in a central location without a major renovation project. It’s a practical choice for those who value location and a modernized foundation (the basement) over square footage, and who may see potential in the detached garage for storage or as a workshop.
Frequently Asked Questions
1. Is the house too small?
At 724 sqft above grade, it is significantly smaller than most area homes. However, the renovated basement provides substantial additional finished space, making the total usable area more comfortable than the main floor alone suggests.
2. What does the "around average" assessed value mean for the price?
The assessed value is typical for the street and neighbourhood, suggesting the asking price should be competitive and aligned with local market norms, not inflated due to the Earl Grey location alone.
3. What are the less obvious pros and cons of an older, smaller home like this?
A thoughtful pro is efficiency: lower utility costs and less time spent on maintenance and cleaning. A potential con is that its compact size and 1927 layout may not suit those who work from home or desire open-concept living without significant alteration.
4. How does the detached garage add value?
Beyond vehicle storage, it provides secure space for tools, bicycles, or a workshop—a valuable asset lacking in many older homes and new infill properties. This offsets some of the limited storage space in the smaller house.
5. The home sold recently in 2022. What should I consider?
The sale two years ago indicates a motivated seller at that time. It’s important to understand what changes, if any, have been made since then and to investigate the reasons for the quick turnaround to ensure there are no underlying issues.