Property Overview: 891 Warsaw Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home on Warsaw Avenue in Earl Grey presents a practical opportunity in a well-regarded neighborhood. Built in 1918, its 1,181 sqft living area and 3,630 sqft lot are squarely average for the immediate street but become more notable within the wider Earl Grey area, where the land parcel size ranks above average. This suggests a better-than-typical yard space for the locale. The home features a detached garage and an unrenovated basement, indicating a property that has been maintained but not fully updated.
Its core appeal lies in its position as a grounded, entry-point home in a desirable area. The assessed value is notably below average for comparable homes on its street, in Earl Grey, and citywide, which could signal an opportunity for value-conscious buyers. It suits a first-time buyer, an investor, or a hands-on owner who prefers to customize renovations over time. The thoughtful perspective here is that while the home itself is modest, you're acquiring a proportionally generous lot in a prime neighborhood—a value often found in the land itself, not just the structure. It’s a property that asks for vision rather than offering immediate turn-key perfection.
Frequently Asked Questions
1. What does the below-average assessed value indicate?
It primarily suggests the property is valued lower than many peers, which can be attractive for property taxes and initial purchase price. It often reflects the home’s unrenovated state and age compared to updated homes in the area.
2. Is the unrenovated basement a major concern?
It is a factor for inspection. While it offers potential for future living space or storage, an unrenovated basement in a century home may require attention to moisture control, insulation, and foundational integrity.
3. How does the lot size compare meaningfully?
While average for Warsaw Avenue, this lot is larger than the typical Earl Grey property. This is a subtle advantage, offering more outdoor space, potential for additions, or simply a less cramped feel than many neighborhood lots.
4. Who might this property not suit?
It is likely not ideal for buyers seeking a modern, low-maintenance home without projects. The unrenovated spaces and age of the home imply a need for ongoing upkeep and potential renovation investment.
5. What is the significance of the 2021 sale price?
The previous sale provides a recent market benchmark. Comparing it to the current assessed value and listing price (if available) helps gauge market trends and the seller’s potential expectations.