Property Overview: 897 Warsaw Avenue, Winnipeg
Key Characteristics & Appeal
This one-storey home in Earl Grey presents a practical opportunity in a well-established neighborhood. Its key characteristic is a renovated basement, adding valuable finished space to the 808 sqft main floor. The detached garage and a land area of nearly 4,000 sqft are notable features for the area. The home’s appeal lies in its balance: it offers modernized living space below ground while being priced accessibly according to its assessed value, which is average for the street and city. It last sold in December 2023.
This property would suit first-time buyers or downsizers looking for a manageable, single-level footprint with the bonus of a finished lower level. It’s also a sensible fit for an investor or handy buyer who appreciates a classic 1928-built home on a good-sized lot in a central location, where value is found more in the land and location than in expansive square footage. A thoughtful perspective is that while the living area is below average, the renovated basement effectively increases the usable space, making it more functional than the main square footage alone suggests.
Frequently Asked Questions
1. Is the house small?
Yes, the 808 sqft living area is below average for the city, street, and neighborhood. However, the presence of a renovated basement significantly adds to the usable living space.
2. What is the property’s value proposition?
The assessed value is consistently around average for its peer groups. The appeal is likely in the combination of a renovated basement, a decent-sized lot for the area, and a location in the established Earl Grey neighborhood, rather than in having a large house.
3. How does the lot size compare?
At 3,973 sqft, the lot is above average for Earl Grey but below average citywide. It offers good outdoor space for the inner-city neighborhood.
4. What does the sale history indicate?
The home sold recently in December 2023 for $34.20k. This recent transaction provides a clear, current market benchmark for the property.
5. Who might this home not suit?
It may not suit buyers seeking a large, modern open-concept layout or those needing multiple bedrooms on the main floor, given its smaller, older main-floor footprint. The value is functional and grounded, not centered on grandeur.