Property Overview
This one-and-a-half storey home, built in 1926, presents a classic Winnipeg character property in the established Earl Grey neighbourhood. With 835 square feet of living space, it is a compact and efficient layout, sitting on a standard city lot of just over 3,300 square feet. Key features include a detached garage and an unrenovated basement, indicating a home that offers a solid foundation with room for personalization. Its assessed value is consistent with the local area, and its recent sale history shows significant appreciation over the last several years.
Key Characteristics & Appeal
The primary appeal of this home lies in its location and potential. It is situated in a mature, central neighbourhood, offering a sense of established community. The house itself is smaller than average for the area, which translates to lower utility costs and less maintenance—a practical advantage for certain buyers. Its charm is rooted in its vintage, offering an authentic canvas for someone interested in a gradual, thoughtful renovation rather than a move-in-ready modern box.
This property would suit a first-time buyer looking for an entry point into a desirable area, or an investor seeking a character rental. It’s also a potential match for a downsizer or a minimalist who values location over square footage and sees the unfinished basement as flexible space for storage, a workshop, or future development. A less obvious perspective is its appeal to a buyer who prefers a home without recent cosmetic flips, allowing them to implement their own energy-efficient or design choices from a known starting point.
Frequently Asked Questions
1. Is the basement finished or usable for living space?
No, the basement is noted as unrenovated. It provides essential utility space and storage but would require significant work to be converted into finished living areas.
2. How does the home's size compare to others nearby?
At 835 sqft, the living area is below the average for both the immediate street and the wider Earl Grey neighbourhood, making it one of the more compact options in the area.
3. What does the sale history indicate about the property's value?
The home sold for $330,000 in August 2022, a substantial increase from its $217,000 sale price in March 2016. This suggests strong market growth for the property over that period.
4. Is the lot size typical for the area?
Yes. The land area of 3,305 sqft is around the average for both Fleet Avenue and the Earl Grey neighbourhood, though it is below the much larger average lot size city-wide.
5. What is the significance of the home's age and assessed value?
Built in 1926, the home is older than most in the city but typical for its established neighbourhood. Its assessed value is unremarkable—neither high nor low compared to local peers—which can indicate a stable, predictable property tax outlook.