Property Summary: 825 Scotland Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 825 Scotland Avenue in Earl Grey presents a practical and modern opportunity within a well-established neighbourhood. Its key characteristic is its relative newness; built in 2005, it is significantly newer than most homes on its street and in the wider area, suggesting modern construction standards and potentially lower immediate maintenance needs. The living space is compact at 794 sq ft, with a renovated basement adding functional area. The lot size is modest, especially compared to city-wide averages, which translates to less yard upkeep.
The appeal lies in this balance of a contemporary home in a mature, central neighbourhood. It suits first-time buyers or downsizers seeking a low-maintenance, move-in-ready property without the character-home renovations often required in Earl Grey. It’s also a sensible option for investors or pragmatic buyers who prioritize modern systems and a renovated basement over square footage or large outdoor space. A thoughtful perspective is that while the home’s footprint is smaller, its newer build and efficient layout could offer a simpler, more cost-effective lifestyle in a desirable location, freeing up resources for other pursuits.
Section 2: Frequently Asked Questions
1. Is this home a good value for the Earl Grey neighbourhood?
The assessed value is around the average for Earl Grey, but you’re paying for a much newer structure. You’re trading the classic charm and often larger square footage of an older home for modern build quality and likely lower upkeep costs.
2. How does the smaller living area impact daily life?
The 794 sq ft main living area is efficient. The renovated basement is crucial here, effectively doubling your functional space for recreation, storage, or a home office, making the overall package more versatile.
3. What are the implications of the smaller lot size?
The lot is below average in size for the city. This means less private outdoor space for gardening or entertaining, but also significantly less yard work and maintenance, which can be a positive for those seeking a lock-and-leave lifestyle.
4. The home sold in 2019 for $26.7k, but is now assessed at $33.4k. What does this mean?
The assessed value is used for calculating property taxes and is an estimate by the municipal authority. The 2019 sale price is a historical data point. The current market value will be determined by recent comparable sales, buyer demand, and the listing price, not directly by either of these past figures.
5. What type of buyer would be the best fit for this property?
This home is an ideal fit for a pragmatic buyer: a first-time purchaser wanting a modern home in a established area, someone downsizing who wants minimal maintenance, or an investor looking for a relatively new rental property with recent renovations. It is less suited for those needing extensive room to grow or who have their heart set on a classic, character-filled Winnipeg home.