Property Overview: 844 Warsaw Avenue, Earl Grey, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This is a classic two-and-a-half storey home built in 1912, offering generous living space of 1,558 sqft, which is notably above average for both the street and the established Earl Grey neighbourhood. Its appeal lies in its solid, traditional footprint and the potential inherent in a property of this era. The home presents a balanced proposition: it features a functional, unrenovated basement and sits on a standard city lot, with an assessed value that is very typical for the area. This suggests it is priced in line with its current condition rather than speculative future value.
The property would best suit a buyer who appreciates character homes and is looking for a project. It’s ideal for someone with the vision and budget to modernize the interior over time, or for a pragmatic buyer seeking a spacious home in a desirable neighbourhood without paying a premium for recent upgrades. Its above-average square footage for the area offers a tangible advantage for growing families or those who simply value room to breathe, providing a strong foundation to build upon.
Frequently Asked Questions
1. What does "above average" living area really mean for this home?
It means the home's interior space is larger than most comparable properties on Warsaw Avenue and in the Earl Grey neighbourhood, ranking in the top 14%. You are getting more house for a price point that is average for the area.
2. The home is over 110 years old. What should I be most concerned about?
While systems like plumbing, electrical, and the foundation should be professionally inspected, a less obvious consideration for a 1912 home is the efficiency and layout. Energy costs may be higher, and room flow may differ from modern open-concept designs, which is either a charm or a challenge depending on your preference.
3. The assessed value seems low compared to the sale price. Why is that?
The assessed value ($33.10k) is for municipal tax purposes and is not an indicator of current market value. The last recorded sale was in 2016 for $30.90k, and both figures reflect a different market. The current listing price will be determined by recent sales of similar homes in today's market.
4. There's no garage. Is parking an issue in this area?
The property has no garage, which is common for homes of this vintage. You'll want to verify on-street parking regulations with the city and observe the typical availability on Warsaw Avenue, especially during winter months.
5. What is the main takeaway from the comparison stats?
The data consistently shows this is a home with a size advantage in a mature neighbourhood. Its metrics for land size, age, and value are all around the local average, but it stands out for its living space. This positions it as a property where the value is in the enclosed square footage rather than the lot or newness.