Property Overview: 102 Barber Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home is defined by its impressive scale and strong positioning within its immediate neighborhood. Built in 1905, it offers nearly 2,900 square feet of living space, which is exceptionally large for the area—ranking in the top 2-4% of North Point Douglas and on its own street. The lot size of just over 5,000 square feet is also notably above average for the locality, providing ample outdoor space. With an assessed value of $310,000, it sits at the top of its local market but remains below the city-wide average for homes of similar size, presenting a value proposition for square footage.
The primary appeal lies in securing a substantial, character home in an established neighborhood for a price that would command a much smaller property in other city sectors. It suits buyers who prioritize space—whether for a large family, a home-based business, or creative projects—over modern construction or a turn-key renovation state. A thoughtful perspective is that its age and local valuation create a unique scenario: it’s a historically significant property that is simultaneously a premium offering on its block and a value play within the broader city context, appealing to those with a vision for restoration or adaptive reuse.
Section 2: Frequently Asked Questions
1. Why is the assessed value so high for the area?
The assessed value reflects the property’s exceptional size relative to its neighbors. With living space nearly double the local average and a large lot, it is assessed as a premium property within North Point Douglas.
2. What should I consider about a home built in 1905?
While offering character and solid construction, a home of this age will likely require updates to mechanical systems (like plumbing and electrical), insulation, and windows. A thorough inspection is essential to understand the scope of potential maintenance or renovation needs.
3. How does the sold price from 2022 relate to today’s value?
The previous sale (listed between $350k-$400k) provides a benchmark, but market conditions have likely shifted. The current assessed value of $310k is a separate metric for municipal taxation, not a market appraisal. A current professional valuation is recommended.
4. The city-wide lot size comparison seems average. Why is that?
While the lot is large for the inner-city North Point Douglas area, newer suburban developments typically feature larger lots, bringing the city-wide average up. This highlights the property’s generous outdoor space within a more central, mature neighborhood.
5. Where can I get verified historical sale data?
The site notes that exact sold prices are not displayed due to industry rules. They offer a manual lookup service; you can submit a request via email to receive the full transaction history directly.