Property Overview
668 Fleet Avenue is a one-and-three-quarter storey home in Winnipeg's Earl Grey neighbourhood, built in 1912. With 1,149 sqft of living space, its size is typical for the area, though it sits on a modest 2,429 sqft lot. The home features a detached garage and an unrenovated basement. Its current assessed value is $250,000, which positions it below average for the street and city, suggesting potential value relative to other listings. The property last sold in July 2017 for $222,000.
Key Characteristics & Appeal
This home’s primary appeal lies in its position as a relatively affordable entry point into the established Earl Grey area. It suits first-time buyers, downsizers, or investors looking for a character home with a manageable footprint and the opportunity to add value over time. The unrenovated basement presents a clear project for future expansion or customization. A thoughtful perspective is that its smaller lot and below-average assessment for the area could mean lower property taxes compared to neighbouring homes, an ongoing cost savings. The detached garage, while not a modern insulated structure, offers flexible storage or workshop space separate from the house. Buyers should be prepared for the maintenance and updating typical of a 114-year-old home, viewing it as a solid foundation rather than a move-in-ready property.
Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean for this home?
This style typically features a full main floor and a second floor where the roofline slopes inward, creating some rooms with full-height walls and others with sloped ceilings or dormers. It offers more space than a bungalow but often with a unique, character-filled layout.
2. How does the assessed value compare to the likely selling price?
The assessed value of $250,000 is for municipal tax purposes and is often below current market value. The last sale was in 2017 for $222,000, so the market will determine the new price based on condition, updates, and current demand.
3. What are the implications of an "unrenovated basement"?
This generally means the basement is in its original or rough state. It likely has foundational systems (furnace, electrical) in place but would require significant investment to finish as living space. It should be inspected for moisture, insulation, and structural integrity.
4. Is the lot size a disadvantage?
While smaller than the area average, the lot is manageable for low-maintenance outdoor living. It may limit expansion possibilities but can be an advantage for those seeking less yard work.
5. What is the Earl Grey neighbourhood like?
Earl Grey is a central, mature neighbourhood known for its tree-lined streets, character homes, and proximity to amenities like parks, schools, and Corydon Avenue. It offers a established community feel within the city.