Property Overview: 179 Jarvis Avenue, North Point Douglas, Winnipeg
Key Characteristics & Buyer Appeal
This home is a practical entry-point into Winnipeg’s North Point Douglas neighborhood. Built in 1901, it offers a modest 1,128 sqft of living space, which is fairly typical for the immediate street but slightly smaller than area and city averages. Its primary appeal lies in its affordability, as evidenced by a $102k assessed value that is significantly below both the Winnipeg and neighborhood averages. This creates a low barrier to entry for homeownership or investment.
The property suits budget-conscious first-time buyers, hands-on renovators attracted to a historic structure, or investors looking for a low-cost holding in a central location. The lot, at 2,457 sqft, is smaller than most, which translates to less exterior maintenance—a potential upside for those not seeking extensive yard work. A thoughtful perspective for this property is to view it not in isolation, but as part of a streetscape of similar vintage homes, representing the original fabric of the city. Its value is fundamentally in the land and the structure's potential, rather than in recent updates or size.
Frequently Asked Questions
1. Why is the assessed value so much lower than the Winnipeg average?
The assessed value reflects the property’s age, smaller size, and its specific location within the broader market. It is aligned with values on its street but sits below the averages for both North Point Douglas and Winnipeg as a whole, indicating its position as a more affordable option.
2. What does the year built (1901) mean for a buyer?
It signifies a character home with history, but also suggests that essential systems like wiring, plumbing, and the foundation may require inspection and potential updating. The charm of an older home comes with a focus on maintenance and modernization.
3. How does the lot size impact the property?
At 2,457 sqft, the lot is compact. This limits expansion possibilities but also reduces landscaping responsibilities and can make the property more manageable for those with limited time or desire for yard upkeep.
4. Are there recent sales figures available for this specific address?
No sales history is displayed for this listing in the available data. Exact sales figures can be requested directly from the site via email for a manually provided report.
5. How does this home compare to others nearby?
The provided comparisons show nearby homes with a wide range of sizes, values, and years built. This property sits at the more affordable and compact end of that spectrum, offering a different value proposition than larger, higher-assessed homes in the same neighborhood.