Section 1: Property Overview

This 1913 one-and-three-quarter storey home in Earl Grey presents a classic Winnipeg character property with a renovated basement. Its key appeal lies in its established neighborhood setting and a sense of solid, traditional architecture. At 1,060 sqft of living space, the home offers a practical footprint that is very typical for the immediate area, making it a straightforward option without being oversized.

The property’s standout characteristic is its assessed value, which is notably below the citywide average, potentially indicating a more accessible entry point into the market. However, this is balanced by a land area that is smaller than most in the city, suggesting a low-maintenance yard. The home’s age means it carries historic charm but also implies that buyers should be prepared for the maintenance and potential updates that come with a century-old structure. It would suit a first-time buyer, an investor, or a downsizer looking for a character home in a central neighborhood without a large lot to manage, and who values a renovated basement as a key functional space.

Section 2: Frequently Asked Questions

1. How does the home’s value compare to the neighborhood?
The home’s assessed value is around the average for both Garwood Avenue and the wider Earl Grey area, but sits significantly below the average for the entire city. This suggests it is priced consistently within its immediate market, which may offer relative value compared to other parts of Winnipeg.

2. What should I consider about the lot size?
The lot of 2,530 sqft is smaller than most on the street and in the city. This means lower outdoor maintenance, but also limited space for expansions, additions, or extensive landscaping. It’s a practical fit for those prioritizing location over yard space.

3. The home was built in 1913. What does that mean for me?
You are buying a piece of Winnipeg’s architectural history, which often includes solid craftsmanship and character details. Be prepared for a higher likelihood of older mechanical systems (like plumbing and wiring) that may need attention or updating, and ensure a thorough inspection is completed.

4. The basement is noted as renovated. How does that impact the living space?
A renovated basement effectively adds functional, finished space to the 1,060 sqft main living area. This is a significant advantage, potentially providing a family room, office, or extra bedroom, and adds modern utility to an older home.

5. The home last sold in 2019. Is that recent history relevant?
Yes. The 2019 sale provides a contemporary market price point (not just an assessment) for comparison. It can help gauge how local values have moved in the last few years and indicates the property has changed hands relatively recently in its long history.