This two-storey home, built in 1914, presents a classic character property in Winnipeg's established Earl Grey neighbourhood. With 1,536 sqft of living space on a 3,254 sqft lot, it offers a balance of historic charm and manageable scale. Its key appeal lies in its location within a desirable, central community, combined with a below-average assessed value that suggests potential for value growth. The home has an unfinished basement and no garage, indicating it is best suited for a buyer comfortable with some projects or who prioritizes location over turn-key perfection.
This property would suit a first-time buyer or an investor looking for entry into a strong neighbourhood, or someone seeking a character home without the extreme size and upkeep of a larger heritage property. It’s a practical character home, not a restoration showcase, appealing to those who value neighbourhood vibe and original features but have a realistic budget for updates.
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What is the true condition given the assessed value? The assessed value is notably below averages for both the street and the city. This often correlates with a home requiring modernization or specific repairs. A thorough inspection is essential to understand the scope of work needed, from mechanical systems to the original windows and plaster.
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How does the lot size impact future potential? The lot is average for Earl Grey but below average citywide. This means ample outdoor space for a city garden or deck, but likely not room for a major addition or a future garage without creative planning and variances.
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What are the implications of an unfinished basement? This represents both a project and an opportunity. It will require investment to finish as living space, but it also provides unobstructed access to electrical, plumbing, and foundation for inspection and allows the new owner to customize the layout.
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The home last sold in March 2023. What does this suggest? The relatively recent resale could indicate a number of scenarios, from an investor’s quick flip to a change in a homeowner’s circumstances. It’s wise to inquire about any work done in the last year and understand the seller’s motivation.
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Is the lack of a garage a significant drawback in this area? In a mature neighbourhood like Earl Grey, many homes rely on street parking or laneway access. Buyers should verify on-street permit requirements, observe parking availability at different times, and consider the cost of adding a shed or covered parking in the future if needed.