Property Overview
This is a substantial, character-filled home in the esteemed Armstrong Point neighbourhood. Built in 1902, it is a classic two-and-a-half-storey residence situated on an exceptionally large lot of over 12,000 square feet. The home features a renovated basement and a detached garage. Its appeal lies in the rare combination of historic charm, significant private outdoor space in a central location, and the potential that comes with a property of this vintage and scale. It would best suit a buyer who values heritage, privacy, and space above modern turn-key convenience—someone prepared to steward a piece of Winnipeg's architectural history, whether maintaining it as a grand single-family home or exploring other uses permitted by its zoning.
Key Details & Considerations
- Key Characteristics: A 124-year-old, 3,651 sqft home on a 12,023 sqft lot in Armstrong Point. Features include a renovated basement and a detached garage.
- The Appeal: Offers a premier location, unparalleled lot size for the area (ranking in the top 4% in Winnipeg), and the enduring character of a century-old home. The very low assessed value relative to its recent sale price suggests significant updates or market recognition of its unique value not captured in the assessment.
- Ideal Buyer: A buyer seeking a historic property with ample room for gardens, expansion, or recreation. Suitable for those with a vision for restoration or adaptation, appreciating that such homes are long-term projects. Its size and stature could also appeal to multi-generational families.
Frequently Asked Questions
1. Why is the assessed value so much lower than the last sale price?
This is common for unique, historic properties where standard assessments may not fully capture the premium for location, lot size, architectural character, or recent significant renovations. The sale price often reflects the market value buyers place on these special attributes.
2. What does the "ranking" data mean for the lot size and year built?
The rankings provide context. The lot size is in the top 4% city-wide, which is exceptionally large and a major asset. The year built ranking shows it's among the 1% oldest homes in Winnipeg, confirming its historic significance and implying a need for specialized knowledge regarding maintenance and updates.
3. What are the implications of owning a 124-year-old home?
It offers irreplaceable character and craftsmanship but requires a proactive approach to maintenance. Systems like wiring, plumbing, and insulation may have been updated over time and should be thoroughly inspected. Energy efficiency may differ from modern builds, but this also presents an opportunity for thoughtful, period-sensitive upgrades.
4. Who might this property not suit?
It may not suit buyers looking for a low-maintenance, modern, or immediately energy-efficient home without further investment. The scale and age of the property typically demand more ongoing care and potentially higher utility costs than a newer build.
5. The lot is large—are there any restrictions on what can be built?
Armstrong Point is a heritage conservation district with strict guidelines aimed at preserving the area's historic character. Any significant exterior alterations, new construction, or demolition would likely require approval from the City's historical preservation committee to ensure changes are sympathetic to the home and neighbourhood.