Property Overview
This two-storey home at 694 Warsaw Avenue in Winnipeg's Earl Grey neighbourhood presents a classic, compact living option. Built in 1910, its key characteristic is its well-renovated basement, adding functional space to the 1,041 sqft main living area. The lot is a manageable 2,658 sqft, and the home does not include a garage or pool.
Its appeal lies in its established, central location and the value derived from the updated lower level. The home's assessed value is modest relative to the city-wide average, suggesting a potentially accessible entry point into the market. It suits first-time buyers or downsizers looking for a character home with modernized living space, without the upkeep of a large yard or an oversized property. A thoughtful perspective is that while the lot is smaller than many, it offers lower maintenance—a hidden benefit for those seeking a simpler lifestyle. Its age and size position it as a practical, no-frills home in a mature neighbourhood.
Frequently Asked Questions
1. What is the significance of the renovated basement?
A renovated basement effectively increases the usable living space of this 1,041 sqft home, adding flexibility for a family room, home office, or additional storage.
2. How does the property's age affect it?
Built in 1910, the home is notably older than most in the city. This often means character and a central location, but buyers should be prepared for potential maintenance or updates that align with an older building's needs.
3. Is the lack of a garage a major drawback?
For some buyers, yes. However, the smaller lot size means less distance from street to door, and the neighbourhood's mature layout often includes on-street parking as a standard practice.
4. How do the recent sale prices compare to the assessed value?
The home sold for $290,000 in 2019. The current assessed value is significantly lower, which is not uncommon; assessed value for tax purposes and market value are calculated differently. It's best to view the assessment as one data point among many.
5. What does the "around average" ranking for living area mean?
With 1,041 sqft, this home's interior size is typical for Earl Grey and Winnipeg overall. It's not a large home, but it provides standard space for its type, with the basement renovation supplementing the main floors.