Property Overview: 717 Fleet Avenue, Earl Grey, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated two-and-a-half storey home in the established Earl Grey neighbourhood offers a blend of classic charm and practical space. Its key appeal lies in its generous 1,580 sqft of living area, which ranks within the top 10-15% for size both on its street and within the neighbourhood, providing more interior room than most comparable homes. Built in 1913, it carries the character of its era but presents a project for the future, featuring an unrenovated basement. The property sits on a modest, manageable lot.
This home would best suit a specific type of buyer: those who prioritize interior square footage over expansive outdoor space and are prepared for the realities and opportunities of an older home. It’s a strong match for a handy buyer or planner looking to customize a basement to their own needs over time. The above-average living space, coupled with a below-average land area, suggests a smart fit for someone seeking a neighbourhood-centric lifestyle rather than extensive private yard space. Its assessed value is competitive for the area, indicating a potentially efficient entry point into a desirable neighbourhood for the amount of interior space gained.
Section 2: Frequently Asked Questions
1. What does "unrenovated basement" typically mean for a 1913 home?
It indicates the basement retains its original or older state. Buyers should budget for potential updates to mechanical systems, insulation, and finishes, and anticipate a lower ceiling height and smaller windows common to homes of this era. It represents both a cost consideration and a blank canvas.
2. How significant is the smaller lot size?
The land area is notably smaller than area averages. This means lower maintenance and less yard work, which can be a benefit for busy professionals. However, it also limits possibilities for large additions, pools, or extensive landscaping, focusing the property's value on the home itself and its location.
3. The home sold for $480k in 2022 but has a much lower assessed value. Why?
Assessed value for property tax purposes is an administrative valuation and often lags behind the actual market value determined by recent sales. The 2022 sale price is a far more relevant indicator of its current market worth.
4. Is the older age of the home (1913) a concern?
It's a defining characteristic. While it requires a mindful inspection for century-old components like wiring, plumbing, and the foundation, it also often comes with solid construction and architectural details no longer found in new builds. The ranking shows it's older than most on its street but average for the Earl Grey area, which is full of character homes.
5. Who would this home not be ideal for?
It may not suit buyers seeking a move-in-ready home with a finished basement, those who desire a large private garden or outdoor entertaining space, or anyone hesitant about the ongoing maintenance and potential upgrade projects inherent to a 110-year-old structure.