Property Overview: 819 Ebby Avenue, Grant Park, Winnipeg

Section 1: Key Characteristics & Appeal

This is a compact, one-storey home built in 1924, presenting a classic opportunity in the established Grant Park neighbourhood. Its key characteristic is its modesty: with 651 sqft of living space, a functional but unrenovated basement, and a detached garage, it sits well below area averages for both home size and lot size (2,566 sqft). The assessed value is notably lower than most homes in the city, reflecting its scale and vintage.

The appeal lies in its potential and position. It represents a true entry point into a desirable neighbourhood, suited for a first-time buyer, an investor, or someone seeking a minimalist footprint without leaving a central location. Its lower taxes and purchase price are significant advantages. This property doesn’t offer move-in-ready perfection but provides a blank canvas. It would suit a hands-on buyer looking to build equity through gradual updates, or an investor seeking a straightforward rental property in a high-demand rental area. A less obvious perspective is its potential for efficient, creative small-space living or as a long-term hold in a neighbourhood where the land value is a key underlying asset.

Section 2: Frequently Asked Questions

1. Is the low assessed value a concern?
Not necessarily. It primarily reflects the home's smaller size and age compared to neighbourhood averages. It often translates to relatively lower property taxes, which is a benefit for the owner.

2. What does "below average" in all the rankings mean for me?
These statistical comparisons confirm the home's character as a more compact and older property within its context. They highlight that you are purchasing a smaller-scale home in a neighbourhood with larger, sometimes newer houses, which is a key factor in its accessible pricing.

3. Is the unrenovated basement finished?
The listing specifies the basement is "not renovated." This typically means it is unfinished or in a very basic, original state, offering potential for future development but requiring work to become livable space.

4. What are the immediate priorities for maintenance or investment?
Given the home's age (102 years), a thorough inspection is essential. Priorities will likely include updating older mechanical systems (plumbing, wiring, heating) and addressing any foundational or envelope issues common to houses of this era, before considering cosmetic renovations.

5. How does the lot size impact future possibilities?
At 2,566 sqft, the lot is smaller than most in the area. This means expansion options, like a large addition or a new garage, may be limited by zoning bylaws. However, it also means less exterior maintenance. The focus will be on optimizing the existing footprint.