Property Overview: 782 Scotland Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Earl Grey presents a distinct profile. Its primary appeal lies in offering above-average interior space for the neighbourhood within a notably compact footprint. With 1,470 sqft of living area, it ranks in the top 20-23% for size locally, providing more room than many nearby homes. A key feature is the renovated basement, adding functional living space. Built in 1976, it is a newer construction compared to many character homes in the area.
The property’s standout characteristic is its value proposition. The assessed value is significantly below the average for the street, neighbourhood, and city. This, combined with the home's efficient use of a smaller lot (2,189 sqft), suggests a potentially lower property tax burden relative to the amount of finished living space offered. It does not have a garage or pool.
This home would suit practical buyers looking for space and modern functionality in the established Earl Grey area without paying a premium for a large lot. It’s a pragmatic choice for first-time homeowners, small families, or investors seeking a renovated property with a efficient operating cost structure. Buyers prioritizing large outdoor space or seeking a character home from the early 1900s may find other properties more aligned with their tastes.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the averages shown?
The assessed value is based on the municipality's evaluation for tax purposes, which considers multiple factors including lot size, building age, and recent sales. The compact lot size and the home's specific valuation history contribute to this figure. It is not a direct market price but can indicate a relatively lower property tax base.
2. How does the smaller lot size impact the property?
The lot is significantly smaller than typical for the area. This means lower maintenance and potentially lower property taxes, but also limited private outdoor space and no possibility for a garage. It reflects a more efficient, townhouse-style lot use within a detached home format.
3. The home is noted as "newer" for Earl Grey. What does that mean?
Built in 1976, this home is decades newer than many of the area's early 20th-century character homes. This often translates to modern construction layouts, potentially fewer major heritage upkeep concerns, and systems (like wiring and plumbing) that may be more contemporary, though still nearly 50 years old.
4. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the extent or quality. A professional inspection is recommended to determine the finish, ceiling height, moisture control, and whether it includes a legal secondary suite or simply additional living/recreational space.
5. How recent is the sale price data, and is it relevant?
The home last sold in August 2017 for $22,500. This historical data is useful for understanding past market activity but is not a reliable indicator of current market value, which is influenced by conditions, renovations, and prices in the years since that sale.