Property Overview
This one-and-a-half storey home on Dudley Avenue in Earl Grey presents a classic Winnipeg character home opportunity. Built in 1914, its 968 sqft living area is modest but typical for the street. The property sits on a 3,797 sqft lot, which is notably larger than many in the Earl Grey area, offering valuable outdoor space. Key features include an unfinished basement and no garage. Its assessed value is positioned below average for the city but is in line with the neighbourhood average, suggesting it represents a more accessible entry point into a desirable area. The home last sold in late 2022.
Key Characteristics & Appeal
The primary appeal of this property lies in its location and lot size within the established Earl Grey neighbourhood. It suits a buyer looking for a character home with renovation potential, or someone seeking a manageable footprint without sacrificing yard space. Its value is grounded in the neighbourhood rather than the home's current condition or size. The lot is a significant asset—larger than most local comparables—offering room for gardens, play, or future expansion. This home would likely suit a first-time buyer, a downsizer, or an investor comfortable with a property that has an unfinished basement and no garage, prioritizing land and location over turn-key finishes. A thoughtful perspective is that its "below average" city-wide metrics on size and value are precisely what make it an attainable option in a prime area, offering the chance to add value through updates.
Frequently Asked Questions
1. What does "one-and-a-half storey" mean for this home?
Typically, this style features a main floor with principal rooms and a second floor with sloped ceilings, often containing bedrooms in a cozier, character-filled space.
2. How does the unfinished basement affect value and use?
It presents both a project and an opportunity. While it requires investment to finish, it offers flexible space for storage, utilities, and future living areas, allowing a buyer to customize it to their needs.
3. Is the lack of a garage a major concern?
It depends on lifestyle. Many older homes in central neighbourhoods lack garages. The ample lot size could potentially allow for the future construction of a garage or shed, subject to local bylaws.
4. The home sold recently in 2022. What should I consider?
The relatively quick resale may indicate an investor flip, a change in owner circumstances, or a property bought for renovation. It's wise to investigate what, if any, work was done since the last sale and ensure all permits were closed.
5. How should I interpret the comparative rankings provided?
These rankings show how this property compares to others on its street, in Earl Grey, and city-wide. For example, its lot size ranks "above average" in Earl Grey, which is a key positive, while its living space is "around average" for the street, setting realistic expectations for size.