Property Overview: 123 Grove Street, North Point Douglas, Winnipeg
Key Characteristics & Appeal
This home at 123 Grove Street is a classic, early-built residence (1892) offering a practical footprint in a historic Winnipeg neighbourhood. With 1,418 sqft of living space, it provides a comfortably sized layout that is typical for the immediate street and area, neither unusually large nor small in its local context. The assessed value of $162k is closely aligned with neighbourhood averages, representing a notably accessible price point within the wider city market.
Its primary appeal lies in its value proposition and authenticity. For the price, it offers a substantial amount of character and space that is increasingly rare citywide. It suits a pragmatic buyer—perhaps a first-time homeowner, an investor, or someone seeking a character home without a premium price tag—who is prepared to appreciate a well-located older property for what it is. A thoughtful perspective is that while the lot size is modest compared to newer suburbs, it translates to less maintenance and aligns with the walkable, community-focused nature of North Point Douglas. This isn't a modern, move-in-ready showcase; its charm is rooted in its history and potential, appealing to those who value substance and location over newness.
Frequently Asked Questions
1. How does the sold price range relate to the assessed value?
The property sold between $150k and $200k in June 2024. The assessed value of $162k falls within this range, indicating the assessment is closely aligned with its recent market transaction.
2. What should I know about a house built in 1892?
Homes of this age possess unique character but require diligent attention to aging components. A thorough inspection is essential to understand the condition of foundational elements, plumbing, electrical systems, and the envelope. Modern comfort expectations, like insulation and energy efficiency, may differ from newer builds.
3. The lot seems smaller than city averages. Is that a concern?
The lot is typical for its historic, inner-city neighbourhood. While smaller than newer suburban lots, it offers manageable upkeep and places the home within a close-knit streetscape. It reflects the neighbourhood's traditional layout rather than being an outlier.
4. How reliable is the sold price data shown?
The provided sold price range is based on publicly available data, not the MLS. For fully verified and exact sale figures, you must request a manual lookup via the site's email service, as detailed in the data notes.
5. What does the "below average" city-wide ranking for Year Built and Value mean?
It provides important context. Compared to the entire city, this home is among the oldest properties and has a value significantly below the citywide average for homes. This highlights its position as a historically rooted, affordable option within Winnipeg's broader and more expensive market.