132 Granville Street

Property Overview

132 Granville Street is a character home in Winnipeg's North Point Douglas neighbourhood, built in 1903. Its primary appeal lies in offering above-average space for the area at a value-conscious price point. The home's 1,594 sqft of living area is notably larger than most comparable houses on its street and in the wider neighbourhood. With an assessed value of $208,000, it sits above the area average but significantly below the Winnipeg city average, presenting a more affordable entry into homeownership with more interior room than typical for the cost.

This property would suit a practical buyer looking for character and space over modern finishes, who is comfortable with a home that requires ongoing maintenance due to its age. It's a fit for those prioritizing lot size (3,274 sqft) and interior square footage within a specific budget, and who see potential in a historic neighbourhood. A thoughtful perspective is that while the home is older than 99% of the city's housing stock, this is typical for North Point Douglas, suggesting a streetscape with consistent heritage charm. The data indicates you are paying primarily for the structure and location, not an inflated land value, which can be an advantage for a long-term holder.

Frequently Asked Questions

1. Is the assessed value a reliable indicator of the likely selling price?
Assessed value is for municipal tax purposes and is not a direct marker of market value. This home's assessment is above the neighbourhood average but well below the city average, reflecting its location. Market price will depend on current condition, updates, and buyer demand.

2. What does it mean that the home is "below average" city-wide for year built and land area?
This is primarily a contextual statistic. Most of Winnipeg's homes were built later and on larger suburban lots. In its own neighbourhood, the lot size and age are around average, meaning it fits the established community character.

3. How does the sold price from 2016 relate to today's value?
The previous sale price (between $150k-$200k in 2016) provides historical context but does not determine current value. The market has evolved significantly since then, as reflected in the higher current assessed value.

4. Are there concerns with a house built in 1903?
Absolutely. Buyers must budget for and thoroughly inspect systems typical of an older home, such as wiring, plumbing, insulation, and the foundation. Its age suggests potential for character but also for higher maintenance costs.

5. The data shows the living area is above average for the street. How important is that?
This is a key feature. It means you get more interior space than most neighbours, which could mean more rooms, larger rooms, or a more functional layout. In a value-driven market, this extra space is a significant advantage.