Property Overview & Appeal
729 Warsaw Avenue is a classic two-storey home in Winnipeg's Earl Grey neighbourhood, built in 1910. Its key characteristics include 1,236 sqft of living space, an unrenovated basement, a detached garage, and a 3,009 sqft lot. The home’s assessed value is notably below average for the street and city, while its living area is comfortably around the neighbourhood norm.
The appeal lies in its position as a classic, potentially more affordable entry into a well-established area. It suits buyers looking for a character home with the space and structure for future updates, or an investor seeking a property with solid fundamentals in a stable neighbourhood. A thoughtful perspective is that its below-average assessment for the area could present a relative value opportunity, especially for someone willing to invest in gradual improvements. However, the older age and unrenovated state mean it likely appeals most to those comfortable with a project or prioritizing location over move-in-ready finishes.
Frequently Asked Questions
1. Is the basement finished?
No, the basement is noted as being unrenovated, offering potential for future development or ample storage space.
2. How does the property compare to others in Earl Grey?
The home’s living area is around the neighbourhood average. Its assessed value and year built, however, are below the local averages, suggesting it may be a more vintage and potentially more affordable option compared to many area homes.
3. What is the significance of the property rankings provided?
The rankings show how this home compares to others on its street, in Earl Grey, and citywide for metrics like size and value. For example, its assessed value ranks in the bottom 25% on its street, indicating it is valued lower than most direct neighbours.
4. Are there any recent sales history for this home?
The data shows a previous sale in April 2017 for $22,300k. It is important to consult with a real estate professional for a current market valuation and analysis of recent comparable sales.
5. What are the neighbouring properties like?
The immediate neighbours on Warsaw Avenue are homes of similar vintage, as the area is characterized by early 20th-century construction. This suggests a streetscape of consistent, established character.