Property Overview: 126 Granville Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 126 Granville Street in North Point Douglas presents a distinct profile defined by its modern build and efficient footprint. Built in 2017, it is a notably newer construction compared to most homes on its street and in the wider area, which typically date back to the early 20th century. This is its primary advantage, suggesting modern building standards, systems, and minimal immediate maintenance.
With 897 square feet of living space, the home is compact—smaller than most comparable properties locally. This positions it as an efficient, easier-to-maintain space rather than a sprawling family home. The lot size of 3,273 sqft is fairly typical for the immediate neighbourhood.
Its assessed value of $237k is significantly higher than the average for North Point Douglas, reflecting the premium for its new construction. This creates an interesting dynamic: within its own community, it's a higher-value, modern asset, while citywide it sits below the average assessed value.
This property would ideally suit a first-time homebuyer, an investor, or a downsizer seeking a modern, low-maintenance home without a large footprint. Its appeal lies in the balance of newer construction in an established neighbourhood, offering a move-in-ready experience that is rare for the area. A thoughtful perspective is that this home represents the ongoing evolution of the neighbourhood, offering a contemporary living option amidst its historic surroundings.
Section 2: Frequently Asked Questions
1. Is this a good investment for the area?
The data suggests it could be. Its assessed value is already in the top 8% for North Point Douglas, largely due to its age. This indicates it's viewed as a premium property locally, which can be positive for long-term value, though it may already reflect much of that "newness" premium.
2. Why is the living space smaller than average?
The home was built in 2017 on a standard city lot, reflecting a modern design trend toward efficient, functional spaces rather than large, segmented rooms. This makes for lower utility costs and less upkeep.
3. What does the "Elite" ranking for Year Built mean?
It means this home is among the newest 1-5% of properties when compared to its immediate neighbours in North Point Douglas and on Granville Street. You are unlikely to find a newer home in this specific locale.
4. How does the assessed value compare to the city average?
While its value is high for its own neighbourhood, it is below the Winnipeg city-wide average assessed value of approximately $390k. This highlights the variation in property values across different city districts.
5. What might the newer construction mean for maintenance?
A 2017 build typically means major components like the roof, furnace, windows, and plumbing are relatively new and likely under modern warranties. This can offer significant savings on repairs and updates in the short to medium term compared to a century-old home.