Property Overview: 825 Lorette Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modest, well-situated one-storey home in the established Earl Grey neighbourhood. Built in 1947, its key characteristic is its efficient 755 sqft living space, which is notably compact compared to area averages. The property sits on a roughly 3,800 sqft lot with a detached garage.
Its primary appeal lies in its location within a desirable, central community and its role as an accessible entry point into the Winnipeg market. The home presents a clear opportunity for a first-time buyer, an investor, or a downsizer seeking a lower-maintenance footprint without leaving a prime area. It’s a property where the value is anchored more in the land and location than in the size or modern features of the dwelling itself. A thoughtful perspective for a buyer would be to see this as a "lot with a house"—a property where future potential, whether through renovation or redevelopment (subject to zoning), is a significant part of its long-term value proposition. The most recent sale in 2022 suggests it may be suited for someone comfortable with a home that likely requires personalization or updates.
Section 2: Frequently Asked Questions
1. Is this a small house for the area?
Yes. At 755 sqft, the living area is below average for homes on Lorette Avenue, in the Earl Grey neighbourhood, and across Winnipeg. It is among the more compact homes in a district of generally larger properties.
2. What is the neighbourhood like?
Earl Grey is a central, established residential neighbourhood known for its character, tree-lined streets, and community amenities. The property’s lot size is actually above average for Earl Grey, which is a positive note in an area of smaller lots.
3. How does the assessed value compare?
The assessed value is below the average for comparable homes on its street, in the neighbourhood, and citywide. This typically reflects the home’s smaller size and older construction relative to others.
4. What type of work might the home need?
Given its age (built 1947), buyers should budget for potential updates to major systems like plumbing, electrical, or the roof. The interior layout and finishes are likely original or dated, presenting both a project and an opportunity to customize.
5. Are there any recent comparable sales nearby?
The provided data shows a home at 799 Lorette Avenue (similar assessed value, larger size) sold in September 2022 for $20,500. Several newer, significantly larger homes on nearby Scotland Avenue with higher assessed values are listed as "worth viewing" for comparison, highlighting the spectrum of housing options in the vicinity.