Property Overview
763 Warsaw Avenue is a distinctive, century-old two-and-a-half storey home in Winnipeg's Earl Grey neighbourhood. Its primary appeal lies in its generous proportions, both in its renovated living space and its sizable lot, offering a rare combination of historic character and room to breathe within the city.
Key Characteristics & Suitability
This home is defined by its substantial scale. With over 2,400 square feet of living area, it ranks in the top 1% for size within its immediate area and neighbourhood, offering significantly more space than typical local homes. It sits on a 6,020 sqft lot, which is also exceptionally large for Earl Grey, placing it in the top 5% locally. This provides notable potential for gardens, outdoor living, or future expansion. The home features a renovated basement and a detached garage.
While the 1906 build date means it is among the older homes in the city, this often translates to classic architectural details and mature, established surroundings. The assessed value is above average for the street and neighbourhood, yet aligns more closely with the city-wide average, suggesting a value proposition relative to its ample space and location.
This property would best suit buyers looking for a project-ready character home with "good bones" and abundant space, both indoors and out. It appeals to those who value the charm of an established neighbourhood like Earl Grey and have the vision or willingness to update a historic property to modern standards. It is less suited for those seeking a new, maintenance-free home.
Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement has been renovated, but specifics on finish quality, ceiling height, moisture control, and legal egress should be verified through a viewing and inspection.
2. Given its age, what should I budget for immediate updates?
While systems like wiring and plumbing may have been updated, a pre-purchase inspection is crucial. Budgeting for potential updates to heating, insulation, or windows is prudent for a home from 1906.
3. How does the detached garage and large lot add value?
Beyond ample parking and storage, the detached garage offers flexibility for a workshop or studio. The large lot is a rarity in the area, providing private outdoor space and a tangible asset for future enjoyment or value appreciation.
4. The assessed value seems modest for such a large home. Why?
Municipal assessments for tax purposes don't always directly correlate with market value, especially for unique, older properties. The assessment suggests the current value is not disproportionately high, but the final sale price will be determined by the market.
5. What is the neighbourhood vibe in this part of Earl Grey?
Earl Grey is a mature, central neighbourhood known for its tree-lined streets and community feel. Proximity to other homes from the same era suggests a consistent streetscape. Researching local amenities, schools, and traffic patterns on Warsaw Avenue is recommended.