864 Fleet Avenue

Property Overview

864 Fleet Avenue is a classic two-storey home in Winnipeg's Earl Grey neighbourhood. Built in 1914, it offers 1,422 sqft of living space, which is notably above average for both its street and the local area. The property sits on a 2,916 sqft lot and features a basement that is noted as not being renovated. There is no garage or pool. Its assessed value is positioned above average for the immediate vicinity. The home last sold in June 2017 for $310,000.

Key Characteristics & Appeal

The primary appeal of this home lies in its generous living space within a well-established, central neighbourhood. For its street and the Earl Grey area, the square footage ranks in the top 17-24%, meaning it offers more room than many comparable homes. This makes it a practical choice for small families, first-time buyers looking for space to grow, or those who simply value larger rooms in a character home.

Its suitability is for a buyer who appreciates the charm and mature streetscapes of a century-old home but is prepared for the maintenance and potential updates that come with it—the unrenovated basement signals a project or storage opportunity. The lack of a garage is a typical trade-off for the neighbourhood's location and lot size. A thoughtful perspective is that this property represents a "blank canvas" within a desirable area: you're paying for the location and the above-average envelope of the house itself, with the interior condition allowing for personalization. It suits a pragmatic buyer who prioritizes location and space over turn-key finishes.

Frequently Asked Questions

1. What does "basement not renovated" typically imply?
It usually indicates the basement is in original or functional condition, likely lacking modern finishes. It may be suited for laundry and storage, with potential for future development subject to permits and inspections.

2. How does the 1914 build year affect the home?
Homes of this age possess character but often require attention to older systems like wiring, plumbing, and windows. A thorough inspection is essential to understand the condition and any needed updates.

3. Where does the assessed value come from, and is the sale price related?
The assessed value ($34,600) is for municipal tax purposes and is not a market valuation. The last market sale was $310,000 in 2017. Current market value would be determined by recent sales of similar properties.

4. What are the pros and cons of not having a garage?
The cons are a lack of protected parking and storage. The pros can include a simpler, lower-maintenance property and more usable yard space. On-street parking is common in the area.

5. The living area is above average, but the lot is average or below. What does this mean?
It suggests the house occupies a good portion of the lot, which is typical for older neighbourhoods. You get more interior space relative to the property size, which is efficient for living, but it may mean a smaller backyard compared to newer suburban lots.