Property Overview & Appeal
This two-storey home on a generous 3,198 sqft lot in North Point Douglas presents a straightforward opportunity. Built in 1986, it is notably newer than many surrounding properties, offering modern construction basics in a historic neighbourhood. With 1,098 sqft of living space, it provides room to grow, and the large lot is a significant asset, ranking in the top 15% for size across Winnipeg. The appeal here is grounded in value and potential: it’s a property with a very low assessed value, suggesting an accessible entry point into the market. It suits a practical buyer—perhaps a first-time homeowner, an investor, or someone seeking a live-and-renovate project—who is comfortable with a home that has an unrenovated basement and no garage, seeing these not as drawbacks but as a blank canvas. A less obvious perspective is its relative modernity in a century-old area; this could mean fewer immediate heritage concerns or unexpected structural issues common with much older homes, while still allowing you to be part of a neighbourhood with deep character and ongoing change.
Frequently Asked Questions
1. What does the low assessed value indicate?
The assessed value is a figure used for municipal tax calculations and is typically below market value. In this case, its very low ranking suggests the city views this as a modest property, which can mean lower annual property taxes—a key ongoing cost savings for a buyer.
2. The basement is listed as "not renovated." What should I expect?
This typically means the basement is in a functional but unfinished or rough state. It has utility but will require investment to become a comfortable living space. View it as pure potential, but budget accordingly for any upgrades.
3. There is no garage. What are the parking options?
The property relies on street parking. Given the large lot size, however, there may be potential to create a dedicated parking pad or structure in the future, subject to local zoning and permit approvals.
4. How does the age (1986) compare to the neighbourhood?
This home is a generation newer than most in North Point Douglas, where many homes are over a century old. This can be an advantage, potentially meaning more modern wiring, plumbing, and insulation, though a thorough inspection is still essential.
5. The lot is large, but what does that mean practically?
A lot size in the top 15% for Winnipeg offers valuable outdoor space for gardening, recreation, or future expansions like a deck or addition. In an urban neighbourhood, this extra private space is a considerable luxury and a long-term asset.