Property Overview: 772 Scotland Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in Earl Grey presents a compelling blend of a modest house on a generous lot. Built in 1950, the 993 sqft living space is below average for the area, suggesting a cozy, efficient layout that has been updated with a renovated basement. Its assessed value is consistently around the average for its immediate street and neighborhood. The true standout feature is the land: at nearly 5,000 sqft, the lot size ranks in the top 5% for Earl Grey and the top 3% on Scotland Avenue itself, offering significant outdoor space that is rare for the area.
The appeal lies in this land-to-building ratio. It suits a buyer looking for a manageable, renovated home without the upkeep of a larger structure, but who values ample private yard space for gardening, recreation, or future expansion. It’s a practical entry into a established neighborhood where the land itself represents a substantial portion of the value. This property would particularly suit first-time buyers, downsizers seeking a garden, or investors recognizing the long-term value of a large lot in a central location.
Frequently Asked Questions
1. Is the house too small compared to others in the area?
The living space is indeed below the neighborhood average. This is reflected in the home’s pricing and is ideal for those seeking a lower-maintenance property. The trade-off is the unusually large lot, which provides balance and potential.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify finishes or layout. This is a key detail to clarify with the selling agent to understand if it adds finished living space, a rental suite, or updated utilities.
3. How does the large lot impact property taxes?
While the lot is large, the assessed value—which taxes are based on—is around the neighborhood average. This suggests the city’s assessment balances the valuable land with the more modest home, likely resulting in taxes comparable to other average-valued homes in Earl Grey.
4. Are there any concerns with the age of the home (built 1950)?
The home is older than many on its street but newer than the Earl Grey average. Its renovated basement is a positive update. A thorough inspection is always recommended to assess the condition of core systems like wiring, plumbing, and the roof, which may be original or updated.
5. What is the potential for adding on or redeveloping the lot?
The large lot is the property's most significant asset and may offer future potential. Any expansion or redevelopment would be subject to City of Winnipeg zoning bylaws, permitting, and neighborhood character guidelines. It’s advisable to consult the city’s planning department early to understand the specific possibilities.