Property Overview

This 1,132 sqft one-and-three-quarter storey home, built in 1905, sits on a 2,310 sqft lot in Winnipeg's Earl Grey neighbourhood. Its key appeal lies in its position as a character home with a below-average assessed value, offering an entry point into a well-established area. The living space is close to the average for similar homes locally, while the lot size is more compact than most. The home has a basement but it is not renovated, and there is no garage or pool.

Key Characteristics & Ideal Buyer

The primary draw of this property is its value proposition within a desirable neighbourhood. With an assessed value significantly below the averages for its street, area, and city, it presents a relative affordability rarely found in such locations. This is a classic character home, offering the charm and solid construction of its era, but it requires a buyer comfortable with the trade-offs of an older property. The compact, manageable lot reduces maintenance demands compared to larger yards, which can be a benefit for those seeking a lower-upkeep outdoor space.

This home would suit a practical first-time buyer or an investor looking for a character property in Earl Grey without a premium price tag. It’s ideal for someone who values location and potential over move-in-ready perfection and is prepared to take on a basement renovation or other updates over time. It is less suited for those requiring ample parking, a modern open-concept layout, or extensive private outdoor space.

Frequently Asked Questions

1. What does "below average" assessed value mean in this context?
It means the city's assessment for this home is lower than most comparable properties. This can indicate a lower property tax burden and may suggest an opportunity to add value through updates, but it often reflects the home's age, condition, or specific features.

2. Are there any concerns with a home built in 1905?
While offering charm, a home of this age will likely have older building systems (like wiring and plumbing) and may require more maintenance. A thorough inspection is essential to understand the condition of the foundation, roof, and structure, and to budget for necessary upgrades or repairs.

3. What are the implications of having no garage?
Buyers should consider on-street parking permits, winter parking bans, and the practicalities of vehicle access year-round. The lack of a garage also means no dedicated storage or workshop space, which factors into lifestyle and storage solutions.

4. The lot size is noted as "below average." How does this affect the property?
The yard will be more intimate and manageable than many in the area, which can be a positive for those wanting less lawn care. However, it may limit options for large additions, decks, or extensive landscaping, and typically means homes are closer together.

5. The basement is noted as "not renovated." What should I consider?
This indicates the basement is in a functional or unfinished state. It presents both a cost and an opportunity: you will need to assess its current utility (laundry, storage) and any moisture issues, but it also offers blank-canvas potential to add living space, such as a rec room or home office, to your specific needs.