Property Overview: 808 Fleet Avenue, Winnipeg

Key Characteristics & Appeal

This two-storey home in Earl Grey, built in 1914, presents a classic character home opportunity. Its primary appeal lies in its generous and above-average living space (1,344 sq ft) for both the street and neighbourhood, comfortably exceeding local averages. The property carries an assessed value that is notably above average for its immediate area, suggesting a solid foundation of perceived worth. It sits on a modest, city-typical lot, emphasizing the home itself as the main asset rather than extensive outdoor space.

This home is ideally suited for a buyer who values space and location over turn-key readiness, as the basement is noted as unrenovated. It would appeal to those seeking a character home in a well-established neighbourhood like Earl Grey, who are prepared for the maintenance and potential updates that come with a century-old structure. It’s a practical choice for someone looking to invest in the "bones" and space of a home, with the vision to personalize it over time.

Frequently Asked Questions

1. What does "above average" assessed value for the area indicate?
It typically means the municipality has assessed this property at a higher value than most of its immediate neighbours, often reflecting factors like its larger living area, lot characteristics, or recent market activity. It can be a sign of underlying value but is not a direct guarantee of future sale price.

2. The lot size is noted as below average. How significant is this?
For this specific home, the lot is smaller than many in Earl Grey but is fairly typical for Winnipeg overall. This often means lower maintenance and can be an advantage for buyers prioritizing indoor space and a manageable yard. It’s a trade-off common in established, central neighbourhoods.

3. What should I consider with a 1914-built home?
While offering charm and sturdy construction, key considerations include the age and condition of major systems (plumbing, electrical, roof), potential for historical building materials (like plaster or original windows), and the energy efficiency standards of the era. A thorough inspection is essential.

4. The basement is "not renovated." What does that imply?
This usually indicates the basement is in original or utilitarian condition. It likely has functional systems and storage space but will require investment to modernize it as a finished living area. For some buyers, this represents a clear project and future value-add opportunity.

5. How does the last sale price (2021) relate to the current assessed value?
The 2021 sale price provides a historical data point, but the current assessed value is the city’s estimate for taxation purposes as of its last assessment cycle. Market conditions, improvements, and broader economic factors mean the current market value will be determined by present-day buyer demand.