Property Overview: 862 Ebby Avenue, Grant Park, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home in the established Grant Park neighbourhood presents a practical and well-situated opportunity. Its key characteristics include 917 sqft of living space, a renovated basement, a detached garage, and a standard 4,105 sqft lot. Built in 1950, it is one of the older homes on its street, which can often mean a more classic architectural style and mature landscaping.

The appeal lies in its solid positioning within a desirable area. The home’s assessed value ranks above average for Ebby Avenue, suggesting it is viewed favorably relative to its immediate peers. This, combined with a recent sale in late 2022, indicates a stable and active local market. The renovated basement adds functional living space, a valuable update for a home of this era.

This property would suit a first-time buyer or a downsizer seeking a lower-maintenance footprint in a central neighbourhood without the premium of a new build. It’s also a sensible fit for a pragmatic investor looking for a character home in a consistent area, where the value is supported more by location and lot than by sheer square footage. A less obvious perspective is that an older home on a street can sometimes mean more potential for landscaping and outdoor space that has had decades to establish, offering a privacy and greenery that newer subdivisions lack.

Section 2: Frequently Asked Questions

1. How does the size of this home compare to others in the area?
At 917 sqft, the living area is very close to the average for both Ebby Avenue and the wider Grant Park neighbourhood. It is, however, notably smaller than the average Winnipeg home, aligning with the more compact, efficient style common in many central, older areas.

2. What does the assessed value tell me about this property?
The assessed value of $32,600 is above the average for Ebby Avenue (top 24%), indicating that for its specific street—often the most direct comparison—it is considered a higher-value property. This can reflect factors like its condition, updates, or lot attributes.

3. The home was built in 1950. What should I consider?
While the core structure is older, the renovated basement shows important updates have been made. Prospective buyers should prioritize a thorough inspection of major aging components, such as the roof, foundation, and plumbing, which are typical focal points for homes of this vintage.

4. Is the lot size a pro or a con?
The lot is fairly typical for the street and neighbourhood. It provides adequate outdoor space for a garden or patio without the extensive maintenance of a much larger yard. For the city overall, it is below average, which is common for centrally located, older communities.

5. Where can I find the exact historical sale price?
The listing notes that exact sold prices are provided manually upon request via email to maintain accuracy and privacy from public data sources. The range shown for the November 2022 sale is based on available public records.