Property Overview: 126 Lorne Avenue, North Point Douglas, Winnipeg
Key Characteristics & Appeal
This home presents a distinct profile centered on space, value, and history. Its primary appeal lies in its generous 1,872 sqft living area, which ranks well above average for its immediate street, neighborhood, and even city-wide. This makes it a notably spacious option within its market segment. The assessed value of $174k sits around the average for North Point Douglas, suggesting a potentially accessible entry point for the amount of interior space offered.
Built in 1883, the property is a true historic piece, significantly older than most homes in Winnipeg. This will strongly appeal to a buyer with an appreciation for character and heritage, though it implies a need for comfort with the maintenance considerations of an older home. The lot size is solid for the area at nearly 4,000 sqft.
This property would best suit a pragmatic buyer or investor who prioritizes interior square footage and land over modern construction. It’s a candidate for someone seeking a character home with room to grow, who is prepared for the stewardship of a century-old structure. Its value proposition is clear: significant space at a assessed value that is modest for the city overall, anchored in a neighborhood with its own evolving narrative.
Frequently Asked Questions
1. What does the assessed value tell me about the potential price?
The assessed value ($174k) is for municipal tax purposes and is not a market appraisal. However, it indicates the home is valued significantly below the Winnipeg city average, while offering above-average living space for its area. This disconnect can sometimes represent a value opportunity.
2. Are there major concerns with a home built in 1883?
While offering undeniable character, a home of this age requires a careful, informed inspection. Key considerations will be the condition of the foundation, plumbing, electrical systems, and insulation, which may have been updated over time. Budgeting for ongoing maintenance is essential.
3. How does the lot size compare?
At 3,966 sqft, the lot is above average for Lorne Avenue and typical for North Point Douglas. It provides good outdoor space for a downtown-adjacent neighborhood, though it is smaller than the typical suburban lot in wider Winnipeg.
4. The home sold in 2019. Why is the exact price not shown?
To access exact historical sale prices, you must request them directly via the site's email system. Publicly displayed data is presented in ranges ($100k-$150k for this sale) due to data sourcing and verification protocols outside the MLS.
5. What is the neighborhood context of North Point Douglas?
North Point Douglas is a historic, central neighborhood near the Red River. It offers proximity to downtown and has a mix of heritage homes and community revitalization efforts. Buyers are encouraged to research the area firsthand to understand its unique character and dynamics.