Property Summary: 656 Fleet Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in the established Earl Grey neighbourhood presents a classic character home opportunity. Built in 1910, its key appeal lies in its above-average living space (1,360 sq ft) for both the street and the local area, offering more room than many comparable homes. It sits on a modest, manageable lot with a detached garage. The property's current assessed value of $400k is notably higher than most on its street, suggesting it is viewed as a premium offering in its immediate context. The basement exists but is noted as not renovated, indicating potential for customization or future expansion.
This home would suit a buyer who values the charm and space of an older character home in a mature neighbourhood and is comfortable with a property that may require updates. It’s ideal for someone looking for a project—whether immediate or phased—who sees potential in the existing structure and appreciates a location where the home's assessed value stands out positively among its neighbours. The manageable lot size could be a plus for those seeking lower maintenance outdoor space.
Section 2: Frequently Asked Questions
1. What does "above average" for living area really mean here?
For the Earl Grey area, this home's living area is in the top 28%, meaning it is larger than approximately 72% of comparable homes in the neighbourhood. It offers more interior space than is typical for the area.
2. The home was built in 1910. What should I consider?
While offering classic character, a home of this age will likely require careful attention to foundational, electrical, and plumbing systems. Its year of construction is older than about 80% of homes in Earl Grey, so a thorough inspection is essential to understand the condition and any needed updates.
3. Why is the assessed value so high compared to the last sale price in 2019?
The assessed value ($400k) is significantly higher than the 2019 sale price ($340k). This gap can reflect market appreciation, municipal assessment methodologies, and any documented improvements. It's important to review recent comparable sales to gauge current market value.
4. The lot size is noted as "below average." Is that a major drawback?
The lot is smaller than most in the city and the area. For some, this means less yard maintenance. For others, it may limit expansion possibilities or private outdoor space. It's a trade-off that emphasizes the home's interior space over its land.
5. What is the immediate neighbourhood like, based on this data?
The data shows Fleet Avenue is a street of older, modestly-sized lots with homes of varying sizes and values. This property ranks highly for both living area and value on its own street, positioning it as one of the larger and more valuable homes on the block, which can be a positive indicator for the specific location.