Property Summary: 845 Lorette Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a well-situated, renovated one-storey home in the established Earl Grey neighbourhood. With 943 sqft of living space and a detached garage, its key characteristic is being a solid, average-sized home on its street and within its immediate area. The appeal lies in its balance and practicality: it sits on a notably generous lot for Earl Grey (ranking in the top 19% of the neighbourhood for land area), offering valuable outdoor space in a mature community. The home’s renovated basement adds functional living space. Its assessed value is consistent with area averages, suggesting it is priced in line with local expectations.
This property would suit first-time buyers or downsizers looking for a manageable, single-level layout in a central neighbourhood without the premium of a newer home. It also appeals to value-conscious buyers who prioritize a larger lot over above-average interior square footage, seeing potential for gardening, expansion, or simply more private outdoor space than is typical in the area.
Section 2: Frequently Asked Questions
1. How does this home compare in size to others nearby?
At 943 sqft, the living area is slightly below the neighbourhood average but is very typical for Lorette Avenue itself. The home makes efficient use of its space, supplemented by the renovated basement.
2. What does the "above average" land area ranking mean for this lot?
The 3,797 sqft lot is larger than 81% of properties in Winnipeg and is a standout feature for Earl Grey. This means more yard space than most comparable homes in the area, which is a significant perk in an older, central neighbourhood.
3. Is the 1947 build date a concern?
The year built is older than the city average but is actually newer than most homes in Earl Grey. This suggests the home may have benefited from updates over time (like the renovated basement) and is among the relatively younger homes in this historic neighbourhood.
4. How does the assessed value relate to the likely sale price?
The $300k assessment is firmly around the average for both the street and Earl Grey. It provides a stable benchmark, but the final sale price will be influenced by current market conditions, the home’s condition, and the desirability of its larger lot.
5. What is the neighbourhood context of Earl Grey like?
Earl Grey is a mature, central neighbourhood with a mix of classic character homes and updated properties. This home’s metrics suggest it fits seamlessly into the local fabric—not the largest or newest, but a comfortable and balanced offering with the added advantage of a more spacious lot.