891 Lorette Avenue

Property Overview: 891 Lorette Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in Earl Grey presents a practical and comfortable living opportunity. Its key characteristics include a renovated basement, a detached garage, and a 1968 build date that is notably newer than many homes in the immediate area. With 1,120 sqft of living space, it sits comfortably within the average range for the neighbourhood, offering a manageable layout for daily life.

The appeal lies in its balance and established location. The home is not an outlier in size or value but represents a solid, middle-ground option in a desirable neighbourhood. It suits buyers looking for a move-in ready, single-level home with modernized basics (like the renovated basement) without the premium price tag of a fully custom renovation. It would particularly fit first-time buyers seeking a foothold in a mature community, downsizers appreciating the one-storey layout, or pragmatic investors looking for a stable rental property in a consistent area. A thoughtful perspective is that its slightly smaller lot size compared to some on the street could mean less maintenance, which is an often-overlooked advantage for those seeking a simpler yard.

Section 2: Frequently Asked Questions

1. How does this home compare to others in Earl Grey?
The home is consistently "around average" for the neighbourhood in both living area and assessed value, meaning it’s a very typical offering for Earl Grey. Its 1968 build date is a standout feature, placing it in the top 10% for newer construction on its street.

2. What is the lot size, and how does it compare?
The lot is 3,539 sqft. This is below the average for Lorette Avenue itself but is actually above the average lot size for the broader Earl Grey neighbourhood, offering a good balance of outdoor space without excessive upkeep.

3. Has the home been recently updated?
The listing confirms a renovated basement, which is a key functional update. Specifics on the scope and quality of the renovation, as well as updates to other major systems (roof, windows, HVAC), should be verified through a viewing and inspection.

4. What is the home’s value history?
Public records show it last sold in April 2017 for $285,000. The current assessed value is $339,000. As with any property, a current market appraisal is recommended to understand its present value.

5. What are the neighbours like?
The home is on a mature, established street with very close proximity to neighbouring houses, which is characteristic of the area. The immediate neighbouring properties on Lorette Avenue are of similar vintage and scale, suggesting a streetscape of consistent character.