Property Overview: 626 Warsaw Avenue, Earl Grey, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated two-and-a-half storey home in the established Earl Grey neighbourhood presents a blend of classic charm and modern updates. Its key characteristics include 1,308 sqft of living space, a renovated basement, and a detached garage. Built in 1912, the home sits on a 2,660 sqft lot.

The primary appeal lies in its strong positioning within a desirable locale. Data shows its assessed value ranks in the top 15% on its own street and top 13% within Earl Grey, suggesting it is viewed as a higher-quality asset in its immediate area compared to many peers. The renovated basement adds functional, modern living space. Its appeal is for buyers seeking a character home in a prime inner-city neighbourhood who value a location with a proven track record of above-average valuation. It would suit a small family, couple, or investor looking for a home that stands out in its local market, with the understanding that the lot size is more compact and the structure itself is historic, which may entail different maintenance considerations than a newer build.

A less obvious perspective is that this property represents a "value-anchor" in its micro-market. Its high relative assessment on the street and in the neighbourhood could indicate a well-maintained or improved property that helps set a benchmark, potentially offering a degree of stability. The smaller lot, while not offering expansive yard space, translates to less exterior maintenance.

Section 2: Frequently Asked Questions

1. How does the home’s age affect ownership?
Built in 1912, the home is over a century old. This brings character and likely solid construction, but prospective buyers should budget for and prioritize inspections for older mechanical systems, insulation, and the foundation to understand any needed updates.

2. The assessed value seems high for the area. What does this mean?
The assessment ranks well above the local averages, which typically reflects recent renovations, desirable features, or overall condition that the city assessor has recognized. It’s a positive indicator of the property’s standing but is not a direct predictor of future sale price.

3. Is the lot size a limitation?
At 2,660 sqft, the lot is below average for both the street and the city. This means smaller outdoor private space but also less yard work. It’s ideal for those preferring low-maintenance exteriors or who prioritize indoor and neighbourhood amenities over private yard space.

4. What is the neighbourhood like?
Earl Grey is a central, established neighbourhood known for its community feel, mature trees, and proximity to parks, schools, and amenities like Corydon Avenue. The data shows homes here generally have above-average assessed values, supporting its desirability.

5. How does the living space compare?
At 1,308 sqft, the living area is above average for Warsaw Avenue and typical for Earl Grey. This suggests a comfortable size for the area, and the renovated basement effectively adds to the usable space, making it feel larger than the main floor square footage alone might imply.