Property Overview: 650 Warsaw Avenue, Earl Grey, Winnipeg
Key Characteristics & Appeal
This home is a classic two-and-a-half storey character property built in 1912, offering 1,456 sqft of living space with a renovated basement and a detached garage. Its primary appeal lies in its desirable Earl Grey location and its strong standing within its immediate context. While its lot size is modest for the street, the living space is notably above average for both the avenue and the neighborhood, suggesting a well-utilized footprint. The recently sold price of $386,000 and an assessed value of $370k position it as an above-average offering in Earl Grey, indicating a premium for the location and condition.
This home would suit buyers looking for established character in a prime neighborhood without the upkeep of a massive yard. It’s ideal for someone who values being in a top-tier area like Earl Grey more than having expansive outdoor space. The renovated basement adds functional living area, making it a practical choice for small families, couples, or professionals seeking a blend of historic charm and modern livability within a community known for its appeal.
Frequently Asked Questions
1. How does the lot size impact the property?
While the land area is smaller than many lots on Warsaw Avenue, it is closer to the neighborhood average. This often translates to less exterior maintenance, which can be a benefit for many buyers, though it may limit extensive backyard projects.
2. What does the "above average" ranking for living area mean?
It means that for both Warsaw Avenue and the Earl Grey neighborhood, this home offers more interior space than most comparable properties. This is a key advantage, suggesting you get more house for the location than is typical.
3. The home was built in 1912. What should I consider?
While the structure is over a century old, the renovated basement shows updates have been made. A thorough inspection is essential to understand the condition of major aging components like the roof, plumbing, and electrical systems, which may require attention or modernization.
4. Is the assessed value a reliable indicator of the sale price?
The recent sale price ($386k) came in slightly above the assessed value ($370k), which is common in sought-after neighborhoods. The assessment is a useful benchmark, but market demand in Earl Grey is a more direct driver of final sale price.
5. Who are the typical neighbors?
The listing shows several nearby properties with very similar assessed values, indicating a consistent and stable streetscape in terms of property valuation. The direct adjacency to other homes on Warsaw Avenue suggests a classic, close-knit urban neighborhood feel.