Property Overview & Appeal
This 2024-built, two-storey home on a generous lot in Earl Grey offers a rare combination of new construction and established neighbourhood character. Its key appeal lies in its modern build, which eliminates immediate concerns about major repairs or outdated systems, paired with a renovated basement that adds functional space. The property ranks highly for its lot size, newness, and assessed value within its street, neighbourhood, and across Winnipeg, suggesting a strong and desirable investment profile.
It would suit buyers seeking a move-in ready, low-maintenance home without sacrificing lot space, particularly young professionals, growing families, or downsizers who want modern amenities but not a brand-new subdivision. A thoughtful perspective is that this home offers the "best of both worlds": the charm and mature greenery of Earl Grey without the renovation projects typical of older homes in the area. Its high assessment relative to nearby properties indicates it's seen as a premium asset, which could appeal to value-conscious buyers looking for long-term stability.
Frequently Asked Questions
1. How does the assessed value compare to the likely asking price?
The assessed value of $59,900 is a municipal figure for tax purposes and is typically far below market value, especially for a new build. It serves as a useful benchmark for comparing against other properties, but the sale price will be determined by current market conditions.
2. What are the advantages of a newer home in an older neighbourhood?
You benefit from modern building codes, energy efficiency, and contemporary layouts while enjoying the mature trees, established community feel, and often larger lot sizes that older areas provide. It also means less competition from flippers or renovation-focused buyers.
3. There's no garage listed. Is there parking?
The listing specifies no garage. You should verify the availability of a driveway, rear laneway access, or on-street parking permits. Many older Winnipeg neighbourhoods have laneway-alley access for rear parking pads or garages.
4. The living area is 1,522 sq ft. What does the renovated basement include?
The listing confirms a renovated basement but does not specify the finish. This could range from a finished rec room to additional bedrooms or a suite. This detail and whether permits were pulled should be confirmed with the seller.
5. The lot is large, but how is the outdoor space configured?
A 2,474 sq ft lot in this area offers valuable outdoor potential. It's important to understand the layout—whether it's deep or wide, its exposure to sun, and if the backyard is private. This is a key asset for gardening, play, or entertaining.