Property Overview: 799 Lorette Avenue, Earl Grey, Winnipeg
Key Characteristics & Appeal
This 1914 one-and-a-half storey home in the established Earl Grey neighbourhood presents a classic character property with solid fundamentals. Its primary appeal lies in its generous 2,532 sqft lot, which ranks in the top 6% for size across Winnipeg, offering significant outdoor space and potential in a desirable location. The home itself, with 1,110 sqft of living space, features an unrenovated basement, indicating an opportunity for customization.
The property suits two main types of buyers: first, the value-conscious buyer or investor looking for a well-located home with a large yard at a accessible price point, where they can make updates over time. Second, it appeals to those who appreciate the charm and lot sizes of century-old homes and are prepared for the maintenance or thoughtful modernization that comes with them. A less obvious perspective is the advantage of its "as-is" basement; for a buyer needing specific workshop, storage, or creative space, an unfinished area is a blank canvas without the cost of undoing previous renovations.
Frequently Asked Questions
1. What does "one-and-a-half storey" mean for this home?
Typically, this style features a main floor with principal rooms and a second floor under sloping roof lines, often creating cozy bedrooms with unique character. It's a classic Winnipeg architectural style.
2. The assessed value is listed at $24.30k, but it sold for $25.20k in 2020. What does this indicate?
The assessed value is for municipal tax purposes and is often lower than market value. The 2020 sale price is a more relevant benchmark, showing the price it previously commanded in a recent market transaction.
3. The lot is large, but the living area is modest. What are the possibilities?
The significant lot size is a key asset. It allows for ample private outdoor space, gardens, or play areas. Depending on local zoning, it may also present future potential for expansions or additions, subject to necessary approvals.
4. How does this home compare to others in Earl Grey?
The data shows it sits in a mid-range position for the neighbourhood regarding living space and assessed value. Its standout feature is its lot size, which is well above average. Nearby listings show a mix of new builds and similar character homes, offering a clear picture of options at different price points.
5. What should I consider about a 110-year-old home?
While offering charm and established neighbourhood roots, a home of this age will likely have older mechanical systems (like plumbing and wiring) and will require a keen eye during inspection. The appeal is often in the solid construction and potential to personalize, balanced with the responsibility of ongoing upkeep.