Property Overview & Key Characteristics
This two-storey home at 873 Scotland Avenue in Winnipeg's Earl Grey neighbourhood presents a classic, grounded opportunity. Built in 1911, it offers 1,120 sqft of living space with an unrenovated basement and a detached garage, situated on a 3,458 sqft lot. Its appeal lies in its established location and relative value. The home's assessed value of $270k positions it as a more accessible entry point within its immediate area and the desirable Earl Grey community. While the living space is modest and the basement awaits modernization, the lot size is notably above average for the street, offering valuable outdoor space and potential.
This property would suit a pragmatic first-time buyer or an investor looking for a character home in a well-regarded area without the premium price of a fully updated property. It’s for someone comfortable with a home that has history and sees potential in its existing structure and generous lot, rather than a move-in-ready showcase.
Frequently Asked Questions
1. How does this home’s value compare to others in the area?
The assessed value is around the average for Scotland Avenue and the Earl Grey neighbourhood, but is below the citywide average, suggesting it may offer relative value within this specific, sought-after community.
2. What should I know about the home’s age?
Built in 1911, it is among the older homes on the street and in the city. Buyers should budget for thorough inspections to understand the condition of major aging components like plumbing, electrical, and the foundation.
3. Is the lot size a significant feature?
Yes. The lot is larger than most on Scotland Avenue, which is a distinct advantage. It provides more private outdoor space and could be a factor for future expansion, subject to zoning.
4. What does “basement not renovated” typically imply?
It likely means the basement is in original or utilitarian condition, possibly with lower ceilings, older finishes, and mechanical systems. It represents both a project cost and an opportunity to add value and customize the space.
5. Who are the most likely neighbours?
The immediate neighbours are other single-family homes on Scotland Avenue. The listing shows nearby properties are of similar vintage, indicating a stable, established streetscape rather than an area undergoing rapid redevelopment.