Property Overview: 558 Warsaw Avenue, Earl Grey
Key Characteristics & Appeal
This is a classic two-and-a-half storey home built in 1907, offering generous living space of 1,586 sq ft—a size that ranks well above average for both the street and the desirable Earl Grey neighbourhood. The property features a detached garage and a full, unrenovated basement, presenting a blank canvas for future development. Its appeal lies in the combination of established character, a spacious interior footprint, and a solid location. The lot size is standard for the area, providing a manageable yard.
The home suits buyers who appreciate historic charm and see potential. It’s an ideal project for a hands-on buyer looking to customize a space over time, or for an investor comfortable with a property that has a functional layout but requires updates. A less obvious perspective is its value for multi-generational living or work-from-home arrangements; the classic floor plan and ample square footage naturally allow for distinct living zones. The assessed value is positioned around the neighbourhood average, suggesting it represents a fair entry point into the market for the amount of space offered.
Frequently Asked Questions
1. What does "basement not renovated" typically mean?
It indicates the basement is in original or utilitarian condition, likely with concrete floors, basic walls, and older mechanical systems. It’s functional space with significant potential for finishing but will require investment.
2. How significant is the 1907 build date?
It places the home among the older properties in Winnipeg, meaning it has strong character but may also have older building materials, systems, and maintenance needs. A thorough inspection is essential to understand the condition of the roof, wiring, plumbing, and foundation.
3. The living area ranks high, but the assessed value is average. Why?
This suggests you are paying primarily for the generous amount of interior space and location, rather than for high-end finishes or recent upgrades. The value is in the "bones" and potential of the property.
4. What are the implications of a detached garage?
It provides valuable storage or workshop space separate from the house. However, it means accessing your vehicle in winter will require going outdoors, and any future conversion to a heated garage would be a separate project.
5. Is the lot size a limitation?
At just under 3,500 sq ft, the lot is very typical for central neighbourhoods like Earl Grey. It provides a good backyard space for gardens or recreation but is not suited for major expansions or additions without careful planning.