Property Overview
This two-storey home on Warsaw Avenue in Earl Grey presents a classic Winnipeg character home opportunity. Built in 1913, it offers 1,560 sqft of living space, which is notably above average for both the street and the neighbourhood. The property sits on a 3,496 sqft lot and features a basement that is noted as not being renovated. There is no garage or pool. Its most recent sale was in July 2023 for $300,000.
Key Characteristics & Appeal
The primary appeal of this home lies in its generous living space within a sought-after neighbourhood. The square footage ranks in the top 10% on its own street and top 14% in Earl Grey, offering more room than many comparable local properties. This makes it a solid candidate for a growing family or someone who values spacious older home layouts. The assessed value is around average for the area, which, combined with the recent sale price, suggests a stable entry point into the neighbourhood.
Its suitability is for a buyer comfortable with a home of this vintage. The unrenovated basement indicates potential for customization but also requires due diligence. The lack of a garage is a typical trade-off for central, established neighbourhoods. This property would suit a pragmatic buyer who prioritizes location and interior space over modern finishes and dedicated parking, and who sees value in adding their own updates over time.
Frequently Asked Questions
1. What does "basement not renovated" typically imply?
It suggests the basement retains its original or older state, likely with foundational systems (like plumbing, electrical, and insulation) that may not meet current standards. It presents both a blank canvas for finishing and a potential area for immediate or future investment.
2. How does the lack of a garage affect daily living in this area?
Street parking is the norm. Buyers should consider winter parking bans, the availability of on-street permits, and their comfort with clearing snow off a vehicle. For some, this is a worthwhile compromise for the neighbourhood's amenities and character.
3. The home is above average in size but average in assessed value. What does that indicate?
This can signal that the value is influenced by other factors, such as the age of the home, the condition of major systems, or the lack of modern renovations. It often means you are paying more for the land and location, with the house itself offering potential rather than premium finishes.
4. Is a 1913 home a concern?
It comes with the charm and solid construction of the era, but also requires careful attention. A thorough inspection is essential to understand the condition of the roof, wiring, plumbing, and foundation. Heating costs and window efficiency are also key considerations for a home of this age.
5. How does the recent 2023 sale price help me?
It provides a very current market benchmark, showing what a buyer was willing to pay just a year ago. This is a strong data point for understanding the home's market value and can be a starting point for assessing any potential appreciation or for making a competitive offer.