Property Overview: 773 Scotland Avenue, Winnipeg
Key Characteristics & Appeal
This two-storey home in Earl Grey stands out for its modern foundation and above-average spaciousness. Built in 2017, it is a notably newer construction compared to most homes in the area and citywide, suggesting contemporary building standards and less immediate maintenance. With 1,596 sqft of living space, it offers more room than the majority of comparable homes locally. A key feature is the renovated basement, adding functional living area. The property’s assessed value ranks in the top tiers for the street, neighbourhood, and city, indicating official recognition of its premium quality and condition relative to the market.
Its appeal lies in the blend of a modern, move-in-ready home within the established, desirable Earl Grey neighbourhood. It suits buyers looking to avoid the quirks and renovation projects common with older character homes, but who still want the mature trees and community feel of a central Winnipeg area. The lot size is typical for the street but smaller than the city average, making it ideal for those who prefer lower outdoor maintenance. This property would best suit professionals, small families, or downsizers seeking a modern, low-maintenance home without sacrificing interior space or a prime location.
Frequently Asked Questions
1. What does the high assessed value relative to neighbours mean?
It primarily reflects the home's newer age, larger living area, and renovated condition as per municipal valuation. It often correlates with market value, but the final sale price is determined by current buyer demand.
2. Is the smaller lot size a significant drawback?
For this type of home, it's a trade-off. The lot is consistent with others on Scotland Avenue and in Earl Grey. It means less yard work and a more efficient outdoor space, which aligns with the low-maintenance appeal of a newer build.
3. What are the implications of the home being built in 2017?
Beyond modern construction, it likely means newer major systems (like plumbing, electrical, HVAC), which can offer years of reliable service before requiring significant updates, and it may still have some original warranty coverage remaining.
4. The home sold in 2019; is that a concern?
Not inherently. It indicates a previous resale, which is normal. The more relevant point is that as a 2017 build, its first major maintenance milestones (e.g., roof, appliances) may be approaching, but are still several years away compared to a century-old home.
5. There are newer builds (2024) listed nearby. How does this compare?
This 2017 home offers a similar modern layout and condition but is likely settled, with any initial construction nuances already addressed. It may also present a different value proposition, as brand-new builds often carry a price premium for being untouched.