Property Overview
This one-storey home at 713 Scotland Avenue in Winnipeg's Earl Grey neighbourhood presents a specific and compelling opportunity. Its key appeal lies in being a smaller, more manageable property within a well-regarded area, offering a renovated basement and a detached garage. At 694 square feet of living space, it is notably compact—ranking in the bottom 6% for size locally—which defines its character. The lot is a standard city size for the street but modest for the wider city. Built in 1928, it is a mature home, yet its assessed value sits solidly in the middle of the pack for Earl Grey, suggesting it is viewed as a stable asset within its immediate context.
This property would suit first-time buyers seeking an entry point into a desirable neighbourhood without a massive footprint or maintenance burden. It's also a potential fit for downsizers looking to right-size into a single-level home with modernized basics. The recent sale history indicates active market interest. A thoughtful perspective is that this home offers the community and location benefits of Earl Grey while demanding a lifestyle that values efficiency and location over spaciousness.
Frequently Asked Questions
1. How does the small living area impact daily life and value?
At 694 sqft, the home is significantly smaller than area averages. This promotes a minimalist lifestyle and lowers utility costs, but requires creative use of space. The renovated basement adds crucial functional area. Value is supported more by its Earl Grey location than its size.
2. What does the assessed value tell us about the property's standing?
With an assessed value around the neighbourhood average, it's viewed as a typical asset for Earl Grey, not an outlier. This suggests stability rather than high appreciation based on the structure itself, with the land in a sought-after location being a key component.
3. Is the older age (1928) a major concern?
While older than most on its street, it's actually around the average build year for the entire city of Winnipeg. Potential buyers should prioritize a thorough inspection to understand the condition of major aging components, balanced with the character an older home can provide.
4. Who might the detached garage be most important for?
Beyond vehicle storage, it offers valuable extra space for hobbies, workshop projects, or storage—a significant asset for a smaller home. It's particularly appealing for those needing a flexible space separate from the main living area.
5. How do recent sales prices compare to the assessed value?
The home sold for $320k in January 2025, which is substantially higher than its $27,500 assessed value. This is normal, as assessed value for tax purposes is not a market valuation. The sale price indicates strong market demand for well-located homes in the area, regardless of modest size.