Property Summary: 903 Warsaw Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Earl Grey presents a classic Winnipeg character property built in 1927. Its primary appeal lies in a desirable combination of location, lot size, and value. At just over 800 sqft, the living space is modest and below area averages, suggesting a cozy, efficient layout ideal for downsizers, first-time buyers, or investors. A key asset is the generous 4,576 sqft lot, which is significantly larger than many in the immediate neighbourhood and offers excellent potential for gardening, expansion, or future development.
The home features a renovated basement and a detached garage. Its assessed value is strong for the Earl Grey area, indicating the property is well-regarded relative to its peers. This property suits a practical buyer who values a large lot in an established neighbourhood over sheer interior square footage. It’s a candidate for those seeking a manageable home with outdoor space, or for an investor looking for a character home with land value in a stable community.
Section 2: Frequently Asked Questions
1. Is the house too small?
At 806 sqft, it is certainly compact. However, the renovated basement adds functional space, and the very large lot provides ample outdoor room. It’s best for those comfortable with efficient living or who see potential to expand the footprint in the future.
2. How does the assessed value compare to the last sale price?
The home was last sold in 2016 for $310,000. Its current assessed value is $369,000. This increase reflects market trends and the property’s strengths, like the lot size and renovation, but a buyer should always base their offer on current market conditions and a professional appraisal.
3. What does the "above average" lot ranking mean?
The lot is in the top 9% for size within Earl Grey and the top 27% on its own street. This means you are getting more land than most properties in this desirable area, which is a significant long-term advantage.
4. Is a 99-year-old home a concern?
The age is typical for Earl Grey. While it adds character, it necessitates a thorough inspection to understand the condition of major systems (roof, wiring, plumbing) and any ongoing maintenance needs. The renovated basement is a positive update.
5. Who would this property not suit?
It likely wouldn’t fit a family needing multiple large bedrooms or abundant indoor living space. The smaller interior and one-storey layout are better suited to individuals, couples, or those looking for a strategic property investment rather than a move-in-ready family home.