755 Scotland Avenue

Property Overview: 755 Scotland Avenue, Earl Grey, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home in the established Earl Grey neighbourhood presents a compelling mix of modern convenience and location. Built in 2014, it is a notably newer construction compared to most homes on its street and across the city, offering contemporary building standards and less immediate need for major updates. The 1,405 sqft living space is efficiently sized, ranking above average for the area, and features a renovated basement, adding functional living area.

The primary appeal lies in its "move-in ready" condition within a sought-after neighbourhood, coupled with a strong assessed value that ranks well above local averages. This suggests a property that is both desirable and a sound financial holding. However, it’s important to note the land area is significantly smaller than typical lots in Winnipeg, which means minimal exterior maintenance but also limited private outdoor space.

This home would ideally suit first-time buyers or young professionals seeking a modern, low-maintenance home in a prime location without the upkeep of an older property. It would also appeal to downsizers looking to stay in a premium neighbourhood who prioritize interior space and modern amenities over a large yard.

Section 2: Frequently Asked Questions

1. How does the smaller lot size impact the property?
While the land area is compact, this translates to very low maintenance for yards and landscaping. The trade-off is less room for private gardens, large decks, or future expansions like an addition or garage.

2. The assessed value seems high relative to the last sale price in 2019. What does this indicate?
The assessed value is a municipal estimate for tax purposes and ranks well above neighbourhood averages, reflecting the home's newer construction and desirability. The significant increase since its 2019 sale is likely due to market appreciation and the value of its modern features, but the final market price is determined between a buyer and seller.

3. Is the renovated basement a legal suite?
The listing notes a "renovated" basement but does not specify it as a legal secondary suite. Buyers should verify with the city if a separate rental unit is permitted, as this affects legality, insurance, and value.

4. What are the implications of having no garage?
The property has no garage, which is common for infill homes on smaller lots. Buyers should consider on-street parking permits or the feasibility and cost of adding a detached shed or carport, subject to local bylaws.

5. How does this home compare to others on the same street?
This home is newer and has a higher assessed value than most on Scotland Avenue. Direct neighbouring properties are also newer builds, suggesting this section of the street is undergoing gradual renewal, which can be positive for maintaining future value.