Property Overview: 788 Dudley Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home in Earl Grey presents a practical and well-positioned opportunity. Built in 1945, its 1,054 sqft of living space is competitively sized for the immediate area and features a renovated basement, adding valuable finished space. A key strength is its assessed value, which ranks above average for both its street and neighbourhood, suggesting a perception of solid worth relative to its peers. The lot, at 3,228 sqft, is compact, which translates to less exterior maintenance—a point of appeal for some.
The home’s primary appeal lies in its established, central location and its move-in-ready condition with recent updates below grade. It suits first-time buyers or downsizers looking for a manageable property in a mature neighbourhood without a sprawling yard to upkeep. A less obvious perspective is its potential for buyers who value financial predictability; its assessment history and sale prices indicate stable, incremental growth rather than volatile swings, which can be attractive for long-term planning.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others nearby?
At 1,054 sqft, the living area is slightly above the average for similar homes on Dudley Avenue itself (~1,019 sqft) and is very typical for the broader Earl Grey neighbourhood.
2. What does the above-average assessed value indicate?
The assessment ranks in the top 25% locally, meaning the city values it higher than most comparable homes in the area. This often reflects desirable factors like location, condition, or improvements, but it's also a key figure for calculating property taxes.
3. Is the lot size a limitation?
The land area is below average for the street and city. This means a smaller yard, which could be a drawback for those wanting extensive outdoor space, but is a benefit for those seeking lower maintenance.
4. What is the home’s history of value?
Previous sales show the property sold for $33.6k in 2020 and $37.7k in 2022. This pattern suggests a history of steady appreciation, consistent with a well-maintained home in a stable area.
5. Are there any notable comparable properties?
The listing references nearby homes, including a newly built 2024 property on Scotland Avenue with a significantly higher assessment. This highlights that 788 Dudley Avenue offers a more established, character-home alternative at a different price point within the same desirable neighbourhood.