Property Overview: 795 Fleet Avenue, Winnipeg
Key Characteristics & Buyer Appeal
This is a compact, one-storey character home built in 1926, situated on a standard city lot in the established Earl Grey neighbourhood. With 816 square feet of living space, it is notably smaller than most comparable homes in the area, presenting a property with a lower entry point into a desirable community. Its appeal lies in its location and potential. The home offers a chance to live in a mature, central neighbourhood without the premium price tag of a larger, updated house. It last sold for $320,000 in late 2024, which was competitively priced relative to broader city averages, suggesting value was found in the lot and location rather than the structure itself.
The home would suit a specific type of buyer: first-time purchasers or downsizers comfortable with a smaller footprint, or investors and renovators looking for a "blank canvas" project. The basement exists but is unrenovated, and there is no garage, indicating this is a property for those ready to invest sweat equity or live simply. A thoughtful perspective is that its below-average size and unrenovated state, while limiting for some, are precisely what keep it accessible and offer the next owner the freedom to customize without the burden of overpaying for prior upgrades.
Frequently Asked Questions
1. Is the home in good condition?
The listing notes the basement is "not renovated," which suggests the home likely requires updates and general maintenance consistent with its age. A full inspection is essential to understand the condition of major systems like roof, wiring, and plumbing.
2. How does the sale price compare to the assessed value?
The home sold for $320,000 against a municipal assessed value of approximately $29,100. This large discrepancy is normal; assessed value is for tax purposes and often lags far behind market value, which is determined by what buyers are willing to pay.
3. What is the Earl Grey neighbourhood like?
Earl Grey is a long-established, residential neighbourhood known for its tree-lined streets, character homes, and community feel. It offers a central location with good access to amenities, parks, and schools.
4. What are the implications of the home's smaller size?
At 816 sqft, living space is limited. This necessitates efficient use of space and may not suit those needing multiple bedrooms, a home office, or extensive storage. The lot size of just over 3,000 sqft is fairly standard for the area, however.
5. Is there potential for expansion or adding a garage?
The lot size provides some flexibility for future exterior projects like a shed, deck, or possibly an addition, subject to local zoning bylaws and setback requirements. Adding a garage would require a review of space and regulations.