Property Overview: 192 Library Place, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated two-storey home in Bruce Park offers a blend of historic charm and modern practicality. Built in 1918, it is an older home that stands out positively on its street for its age and assessed value. The 1,533 sqft living space is notably above average for both the neighbourhood and the city, providing generous room within a classic footprint. It sits on a 5,556 sqft lot, which is typical for the area. A key updated feature is the renovated basement, adding valuable finished space, and the property includes a detached garage.
Its appeal lies in its position as a character home that doesn’t sacrifice space, located in an established neighbourhood. The data suggests it’s a solid, above-average offering within Bruce Park itself, particularly when comparing living area and value. It would suit a buyer looking for a home with heritage in a mature community, who appreciates having renovation work (like the basement) already completed and desires more interior space than is typical for the area. It’s a practical choice for someone who values a larger house over a larger lot.
Section 2: Frequently Asked Questions
1. Is the house in good condition for its age?
While the renovated basement is a significant plus, a home from 1918 will require a thorough inspection. Buyers should pay special attention to the foundational structure, original plumbing and electrical systems, and the roof, as these are common areas for needed maintenance in century-old homes.
2. How does the detached garage affect the property?
A detached garage offers flexibility for use as a workshop or studio separate from the house. However, it may be less convenient during Winnipeg winters compared to an attached garage, and its condition and proximity to the house should be evaluated.
3. The assessed value seems low compared to the last sale price. Why?
Municipal assessed value (shown as $36.80k) is for tax purposes and is not a market valuation. The last sale was for $320k in 2016. Market value is determined by current local sales, condition, and demand.
4. What does the ranking data actually tell me about the property?
It provides context. For example, while the lot size is below average on its specific street, the home’s living area ranks in the top 24% for the entire Bruce Park neighbourhood. This indicates you’re getting a house with more interior space than most in the area, which is a distinct advantage.
5. What is the Bruce Park neighbourhood like?
Bruce Park is an established, mature neighbourhood in Winnipeg. The presence of similarly valued homes on streets like Woodfield Bay and Cathcart Street in nearby areas like Elmhurst and Varsity View suggests it shares characteristics with other stable, older residential communities, likely offering a mix of character homes and quieter streets.