116 Lisgar Avenue

Property Summary: 116 Lisgar Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 116 Lisgar Avenue in North Point Douglas presents a distinct profile centered on space and value within its immediate context. Its key characteristic is its generous living area of 1,547 sq ft, which ranks well above average for both the street and the broader neighbourhood. This makes it a notably spacious option in the area. The assessed value is aligned with local norms, sitting around the middle of the pack for Lisgar Avenue and North Point Douglas, but is significantly below the Winnipeg city average, highlighting a value proposition for buyers focused on square footage per dollar.

The appeal lies in this balance of ample interior space at a local-market price point. It’s a historic property, built in 1883, which suggests classic character but also implies a need for consideration regarding updates and maintenance. The lot size is standard for the area.

This property would suit a pragmatic buyer looking for a character home with room to grow or adapt, who is specifically interested in the North Point Douglas community. It’s likely a match for those comfortable with a heritage home’s realities and who prioritize interior space over a large yard. It may also appeal to value-oriented investors or renovators who see potential in its above-average size relative to its assessed value within the local market.

Section 2: Frequently Asked Questions

1. What does the "below average" city-wide ranking for Year Built mean?
At 143 years old, this is one of the oldest homes in Winnipeg. This ranking confirms its significant heritage, which can mean charming architectural details but also requires thorough inspection for foundational integrity, historical wiring or plumbing, and ongoing maintenance.

2. The assessed value is much lower than the city average. Is that a concern?
Not necessarily for the local market. This primarily reflects the lower property values in North Point Douglas compared to the entire city. It indicates the home is priced in line with its neighbourhood, which can mean a more accessible entry point, but property taxes will also be based on this lower assessment.

3. How significant is the living area being "above average"?
Quite significant locally. It means this home offers roughly 400 more sq ft than the average home on its street and over 200 sq ft more than the neighbourhood average. For buyers in this market, it represents a tangible size advantage.

4. The home sold in April 2022. What can that price range indicate?
The sold price range from 2022 provides a historical benchmark, but market conditions have likely shifted. It’s most useful for understanding the property’s value trajectory rather than determining its current price.

5. Are the nearby "worth viewing" properties good comparisons?
They provide context, but key details differ. For example, 104 Lisgar is larger but has a lower assessed value, while others are much smaller. This underscores that 116 Lisgar’s specific combination of size, age, and value creates a unique profile worth evaluating on its own merits.