Property Overview
This one-and-a-half storey home on Dudley Avenue in Earl Grey presents a classic Winnipeg character home opportunity. Built in 1921, it sits on a modest 2,532 sqft lot and offers 993 sqft of living space. The home features a basement that is noted as being unrenovated and does not include a garage or pool. Its assessed value is $300,000.
Key Characteristics & Appeal
The primary appeal of this property lies in its location within the established Earl Grey neighbourhood and its value as a solid, character-filled starter home or renovation project. Its living space is near the average for Dudley Avenue itself, suggesting it fits the local streetscape. The home last sold in May 2022 for $330,000, which is notably above its current assessed value, indicating a market purchase in the recent past.
This home would suit a first-time buyer or an investor looking for a foothold in a desirable area without a premium price tag for land size. It’s a practical choice for someone comfortable with a home that may require updates, particularly the basement, and who does not require a garage. A less obvious perspective is that its smaller lot size translates to less exterior maintenance, which can be a hidden benefit for busy professionals or downsizers. However, the data shows the lot size is significantly below averages for the street, area, and city, which is a key consideration for those wanting outdoor space or future expansion potential.
Frequently Asked Questions
1. How does the home’s size compare to the neighbourhood?
At 993 sqft, the living area is slightly below the average for the Earl Grey area (1,206 sqft) but is very close to the average for homes specifically on Dudley Avenue (1,019 sqft).
2. Is the assessed value in line with the area?
Yes. The $300,000 assessment is around the average for both Dudley Avenue and the wider Earl Grey neighbourhood, though it sits below the citywide average.
3. What should I know about the lot size?
The 2,532 sqft lot is a key feature to note. It is below average for the street, the Earl Grey area, and significantly below the Winnipeg city average. This means smaller outdoor spaces and potentially less privacy than on larger lots.
4. The home sold recently in 2022. What does that indicate?
The sale in May 2022 for $330,000—above the current assessed value—suggests the market valued it highly at that time. It may indicate recent ownership turnover and is a useful data point for understanding current value.
5. What is the significance of the home’s age?
Built in 1921, the home is older than most on its street but around the average age for the Earl Grey neighbourhood. This typically means classic construction and character, but buyers should budget for potential updates to older mechanical systems and the unrenovated basement.