Property Overview: 130 Hallet Street, North Point Douglas, Winnipeg
Key Characteristics & Appeal
This home at 130 Hallet Street is a piece of Winnipeg’s history, built in 1889. With 1,207 square feet of living space on a 2,995 sqft lot, it presents a more compact footprint compared to many modern homes, but sits comfortably within the averages for the immediate North Point Douglas area. Its assessed value of $130,000 is notably below the Winnipeg city average, highlighting a significant value proposition within the broader market.
The primary appeal lies in its affordability and location within a historic, close-knit neighbourhood. It suits first-time homebuyers, investors, or downsizers seeking an entry point into homeownership with a character property. A thoughtful perspective for this home is its potential as a steward property; owning a 137-year-old structure is an opportunity to preserve a part of the city’s architectural heritage. While its size and lot are modest by suburban standards, they align with the efficient, walkable scale of the North End, appealing to those seeking a simpler, lower-maintenance footprint without sacrificing indoor space.
Frequently Asked Questions
1. How does the assessed value compare to likely market value?
The assessed value of $130k is for municipal tax purposes and is typically below market value. It serves as a useful benchmark, indicating a lower tax burden, but a professional appraisal or comparative market analysis is needed to determine current market value.
2. What should I consider with a home built in 1889?
While offering historic charm, a home of this age requires diligent attention to its major systems (foundation, roof, plumbing, wiring) which may have been updated over time. A thorough, specialized home inspection is essential to understand the condition and any needed repairs or upgrades.
3. The sold price history shows a range of $100k-$150k in 2019. Why is that?
The site provides sold price ranges unless you are a signed-in user, at which point exact figures can be requested. This range indicates the sale was within that band several years ago, and current value would be influenced by market conditions since then.
4. How does the lot size impact potential for expansion or outdoor space?
At just under 3,000 sqft, the lot is smaller than the city average. This limits potential for large additions or extensive landscaping but also means less yard maintenance. Any expansion plans would need to carefully adhere to zoning bylaws regarding setbacks and lot coverage.
5. The data shows the home is "below average" for the city in many metrics. Is that a concern?
This reflects the home’s context. It is an older, more affordable property in a central neighbourhood. When compared to its immediate area (North Point Douglas), it is much more "average," suggesting it is typical for the community. This disparity underscores the neighbourhood's value relative to the wider city.