Property Overview: 881 Dudley Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home in Earl Grey presents a straightforward, value-oriented opportunity. Its key characteristics include 887 sqft of living space, a detached garage, and an unrenovated basement, all on a roughly 4,050 sqft lot. Built in 1946, the house is of a typical vintage for the street but is notably newer than many in the wider Earl Grey area.
The primary appeal lies in its position as an affordable entry point into a well-established neighbourhood. The lot size is above average for Earl Grey, offering good outdoor space relative to many local properties. While the living space is modest and the assessed value is on the lower end, this translates to a lower property tax burden. The recent sale suggests it’s a move-in-ready home, likely appealing to those who prefer a property without major immediate projects.
This home would best suit first-time buyers, downsizers, or practical investors seeking a character-home neighbourhood without a premium price tag. It’s for those who value location and lot size over square footage, and who see the lower assessment as a feature, not a drawback. The unrenovated basement represents clear potential for future customization.
Section 2: Frequently Asked Questions
1. Is the house significantly smaller than others in the area?
Yes, at 887 sqft, the living area is below the average for both the Earl Grey neighbourhood and Winnipeg overall. This is a key factor in its accessible price point.
2. What does the "above average" lot size mean for Earl Grey?
While the lot is average for Dudley Avenue, it ranks in the top 15% within Earl Grey. This means you get more private outdoor space than most homes in this specific, central neighbourhood.
3. Why is the assessed value so much lower than the recent sale price?
The assessed value ($23.7k) is for municipal tax purposes and is often significantly lower than market value. The recent sale price ($29.7k) reflects the actual current market value of the property.
4. Does "unrenovated basement" mean it's unfinished?
Not necessarily. "Unrenovated" typically means the basement exists and is functional, but it has not been modernized or updated. It likely retains its original layout and finishes, offering a blank canvas.
5. How does the age of this home compare?
At 80 years old (built 1946), it’s typical for its street but is actually a newer build compared to many homes in the broader Earl Grey area, where the average comparable home was built in 1928.