Property Overview: 714 Warsaw Avenue, Earl Grey, Winnipeg
Key Characteristics & Appeal
This is a modern, two-storey home built in 2024, offering a move-in-ready opportunity in the established Earl Grey neighbourhood. Its key appeal lies in its combination of new construction and a prime location. At 1,530 sqft, the living space is notably above average for both the street and the area. The home features a renovated basement, adding to its functional space.
The standout characteristic is its exceptional assessed value, ranking in the top 1% of homes on Warsaw Avenue and in Earl Grey. This indicates a premium property relative to its immediate peers. The lot size of 3,542 sqft is generous for the central area, providing good outdoor space while maintaining a manageable scale.
This property would ideally suit buyers seeking a modern home without sacrificing location, particularly those who value newer builds with contemporary layouts and systems. It appeals to professionals or small families looking for a low-maintenance, turnkey property in a desirable, central neighbourhood. A thoughtful perspective is that this home offers a rare chance to enjoy a brand-new dwelling in a mature, tree-lined area where most homes are decades older, providing the best of both worlds.
Frequently Asked Questions
1. What does the high assessed value ranking mean?
It signifies that the municipal property assessment for this home is among the very highest on its street and in the Earl Grey area. This typically reflects the modern build year, size, and quality relative to older surrounding homes, but it's also a key factor in determining property taxes.
2. Is the lot size typical for the area?
The lot is above average for Earl Grey but below the city-wide average. This is common for central, established neighbourhoods. It provides a substantial yard for an urban setting while being more manageable than a sprawling suburban lot.
3. The home sold recently in March 2024. Why is it available again?
While the specific reason isn't provided, short-term resales in new builds can occur due to a change in the original buyer's circumstances, an investor flipping the property, or a builder selling a spec home. A title search would be needed for the precise history.
4. What are the implications of having no garage?
This is a common feature in many central Winnipeg neighbourhoods. Buyers should plan for street parking or consider the cost and feasibility of adding a garage or carport later, subject to local bylaws. The trade-off is often a larger yard and a more classic streetscape.
5. How does the living area compare to nearby older homes?
At 1,530 sqft, it is significantly larger than the area average (approx. 1,167 sqft). This means you get more modern, open interior space compared to many character homes in the neighbourhood, which may have more compartmentalized layouts.