Property Overview: 827 Scotland Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey character home in Winnipeg's Earl Grey neighbourhood, built in 1914. With 666 sqft of living space, it is notably smaller than most area homes, placing it in the bottom 5% locally for size. The property sits on a modest, roughly 2,473 sqft lot, which is fairly typical for its specific street. Key features include a basement (not renovated) and no garage. Its most recent sale in June 2024 was for $220k, a significant increase over its 2020 sale price and its current assessed value of $22,500.
The appeal lies in its position as an entry-point into a well-established neighbourhood. It suits a very specific buyer: those seeking affordability and location over space, such as a first-time buyer comfortable with a cozy footprint, an investor looking for a rental property, or someone wanting to downsize and minimize upkeep. Its recent sale suggests it’s seen as a value-hold land play or a renovation opportunity, rather than a move-in ready family home. A thoughtful perspective is that its small size and vintage offer a chance for minimalist living, but it requires a buyer to be realistic about functional space and potential renovation needs for the basement and older systems.
Section 2: Frequently Asked Questions
1. Why is the sale price so much higher than the assessed value?
Assessed value in Manitoba is primarily for municipal tax purposes and often lags behind rapid market shifts. The sale price reflects what a buyer recently agreed to pay, influenced by market demand, location, and the property's potential, whereas the assessment is based on a mass appraisal system.
2. What does the "below average" ranking for living area mean practically?
It means this is one of the smallest houses in the city. The floor plan will be compact. Buyers should consider if the layout works for their daily life, as there is little room for expansion without a significant addition.
3. Is the unrenovated basement a major concern?
It depends on your plans and inspection. Basements in century-old homes can have moisture, foundation, or insulation issues. It represents both a potential cost and an opportunity—it’s unfinished space that could be improved, but it’s not currently livable space.
4. Who might this property not suit?
It likely won't suit families needing multiple bedrooms, anyone requiring home office space, or buyers who aren't prepared for the maintenance that comes with a 110-year-old house. The lack of a garage is also a consideration for vehicle storage.
5. The lot size is noted as "around average" for the street but "below average" for the city. Why does that matter?
It confirms the property is on a typical lot for its immediate block, so you won't feel unusually cramped compared to your direct neighbours. However, city-wide, lots are generally larger, so if you compare it to newer suburbs, outdoor space is limited.