Property Overview: 680 Warsaw Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-and-a-half storey home in Earl Grey presents a classic Winnipeg character property built in 1912. Its key appeal lies in its above-average living space (1,580 sq ft), which ranks within the top 9% of homes on Warsaw Avenue, offering more room than many neighbouring houses. The property includes a detached garage and an unrenovated basement, presenting potential for future customization.
The home’s assessed value is positioned around the average for its immediate area, suggesting a stable, established valuation within the neighbourhood. A thoughtful perspective for buyers is the lot size: at 2,658 sq ft, it is more compact than many city lots, which translates to less exterior maintenance without sacrificing the benefits of a detached home. This combination of generous interior space on a manageable lot is a distinctive balance. It would suit a buyer looking for a character home with solid interior square footage in a central neighbourhood, who values a lower-maintenance yard or sees potential in a basement that awaits their personal touch.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others in the area?
The living area is a standout feature. At 1,580 sq ft, it is significantly larger than the average home on Warsaw Avenue (~1,167 sq ft) and in the Earl Grey neighbourhood (~1,206 sq ft).
2. Is the property considered high-maintenance due to its age?
Built in 1912, the home is older than the city-wide average. While this means potential for character details, it warrants a thorough inspection to understand the condition of major aging components like the roof, wiring, and plumbing.
3. Why is the assessed value average despite the larger living space?
The assessed value aligns with the local area average. This can indicate that the home’s older age and unrenovated basement, balanced against its generous living area and location, result in a valuation that is in step with the market rather than elevated by recent high-end finishes.
4. What should I know about the lot size?
The lot is 2,658 sq ft, which is more compact than many single-family lots in Winnipeg. This is a practical feature for those wanting less yard work, but it may limit options for large additions, pools, or extensive landscaping.
5. What does the sale history indicate?
The home sold previously in 2021 for $29,800 and in 2017 for $240,000. The 2021 sale price is notably low and may represent a non-arms-length transaction (such as between family members) or a sale with specific conditions, rather than reflecting a typical market value decline. The 2017 price is a more relevant benchmark for market comparison.