Property Overview
114 Granville Street is a 1,386 sqft home built in 1902, situated on a 3,271 sqft lot in Winnipeg's North Point Douglas neighbourhood. With an assessed value of $182,000, it presents a specific value proposition shaped by its context.
Key Characteristics & Appeal
This home's primary appeal lies in its established neighbourhood character and its relative affordability within the Winnipeg market. The living space is modest but squarely average for the immediate area, offering a practical footprint. A key, less obvious perspective is its positioning: while its assessed value is typical for Granville Street and North Point Douglas, it falls within the top 6% of city-wide affordability. This highlights it as a value-oriented entry point into homeownership in Winnipeg, especially when compared to the city's average assessed value of approximately $390,000.
The lot size, while smaller than the city average, is consistent with the urban neighbourhood pattern. The home’s age (124 years) suggests potential for historic charm but also implies a need for diligent maintenance and updates. It would best suit a pragmatic, hands-on buyer—perhaps a first-time homeowner or an investor—who is comfortable with an older property and prioritizes getting into the market over modern turn-key condition. Its value is deeply tied to the ongoing revitalization and community dynamics of North Point Douglas.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home sold twice in recent years (2017 and 2020), with recorded prices in the $150,000–$200,000 range. The current $182,000 assessment aligns closely with this history, suggesting a stable value trend in line with the neighbourhood.
2. What does the home’s age mean for a buyer?
Built in 1902, the property offers classic architecture but likely requires careful attention to foundational, electrical, and plumbing systems. A thorough inspection is essential to understand the scope of any updates or repairs needed.
3. Is the lot size a limitation?
At 3,271 sqft, the lot is typical for North Point Douglas but below the Winnipeg average. It provides adequate outdoor space for a city home but may not suit those seeking extensive yard space for gardening or expansion.
4. How does this property rank in its immediate area?
The data shows it is consistently "around average" for its street and neighbourhood in terms of living area, assessed value, and lot size. This indicates it is a representative, not an outlier, property within North Point Douglas.
5. Where can I find verified sale price details?
The provided sale prices are broad ranges from public data. For exact historical sale figures, you must request a manual lookup via the site’s email service, as MLS data is not displayed here due to industry regulations.