Property Overview: 670 Warsaw Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in the established Earl Grey neighborhood presents a straightforward, value-oriented opportunity. Its key characteristic is its modest scale, with a 916 sqft living area and a 2,648 sqft lot, both notably smaller than local averages. This translates to lower maintenance and utility costs, a significant practical appeal. The home features a renovated basement and a detached garage. Built in 1912, it is a character property typical of its area, but its assessed value is well below averages for the street, neighborhood, and city, suggesting a potentially accessible entry point into the market.
The appeal lies in its simplicity and location. It suits first-time buyers seeking an affordable foothold in a mature neighborhood without the burden of a large, high-maintenance property. It could also attract downsizers looking to rightsize into a manageable, single-level layout. A less obvious perspective is its potential as a strategic investment; the below-average metrics, especially on a per-square-foot basis, might offer room for value growth in a well-regarded area, appealing to an investor or buyer willing to live in it while building equity.
Section 2: Frequently Asked Questions
1. Is the house in need of major updates?
While specific conditions aren't detailed, the home's age (1912) and its assessed value being significantly lower than area averages suggest buyers should budget for potential updates. A thorough inspection is essential to understand the state of major systems like plumbing, electrical, and the foundation.
2. How does the small lot size impact living here?
The lot is smaller than most in the area (ranking 341 out of 343 on Warsaw Ave). This means minimal yard maintenance, which is a benefit for those seeking low upkeep. The trade-off is limited private outdoor space for gardening or recreation.
3. The home sold for $19.5k in 2023. Why is that price so low?
This extremely low sale price from 2023 is atypical for a standard market transaction and strongly suggests it was not an arms-length sale (e.g., a transfer between family members). It should not be used as a benchmark for the home's current market value, which is better indicated by its $25,800 assessed value.
4. What are the benefits of the Earl Grey location?
Earl Grey is a central, established neighborhood known for its tree-lined streets, community feel, and proximity to amenities like parks, schools, and shopping corridors. It offers a classic Winnipeg residential experience.
5. Who might this property not suit?
This home is likely not a fit for buyers needing ample indoor space for a growing family or those who desire a large, expansive yard. Its compact size and older construction also mean it may not appeal to those seeking a modern, open-concept layout without renovation work.