Property Overview
This 1947 one-and-a-half storey home on Lorette Avenue in Earl Grey presents a classic Winnipeg character home on a notably generous lot. With 998 sqft of living space, it sits around the average for its immediate street but offers a land area of 4,431 sqft, which places it in the top 10% of lots within the desirable Earl Grey neighbourhood itself. This creates a key dynamic: the home is of a modest, manageable size while the property offers above-average outdoor space and potential. It lacks a basement, garage, and pool, positioning it as a straightforward, no-frills property. Its assessed value is consistent with the local area, suggesting it is priced in line with neighbourhood expectations rather than standing out as exceptionally high or low.
The appeal lies in its established location and the valuable land parcel. It suits a buyer looking for a character home in a prime neighbourhood without the upkeep of a larger interior, or a land-value purchaser who sees potential in the generous lot. It would also be a fit for those wanting to enter the Earl Grey area at a potentially more accessible point, accepting an older home that may require updates in exchange for location and lot size. A less obvious perspective is that the lack of a basement simplifies concerns about flooding or costly below-grade renovations, focusing all living and mechanical systems on the main floors.
Frequently Asked Questions
1. What does "one-and-a-half storey" typically mean for a 1947 home?
This style usually features a main floor with principal rooms and a second floor under sloping roof lines, often containing bedrooms with cozier ceiling heights in parts. It's a classic Winnipeg design that maximizes space efficiently.
2. How significant is the lot size here?
At 4,431 sqft, the lot is well above the Earl Grey neighbourhood average. This is a primary feature, offering more private outdoor space, gardening potential, or future expansion options (subject to zoning and permits) than many nearby properties.
3. What are the implications of having no basement?
It means all living and utility systems (furnace, water heater, etc.) are on the main floors, which can simplify access for maintenance. It also eliminates basement storage or renovation potential, and may affect resale for buyers seeking recreational space or a traditional laundry area.
4. The home sold in 2022; is the price history available?
The data shows a sale in May 2022 for $340,000. This provides a recent market benchmark, though the current asking price would reflect market conditions since that date.
5. How does this home compare to others in Earl Grey?
The data indicates it is newer than about 80% of homes in the neighbourhood, but with below-average living area. Its assessed value is around the neighbourhood average. This positions it as a more recently built home on a great lot, but with compact living quarters.