Property Overview: 47 Barber Street, Winnipeg
Key Characteristics & Appeal
This is a compact, nearly century-old home in North Point Douglas, built in 1929. Its primary characteristic is its modest 732 sqft living area, which is notably smaller than most homes on its street, in the area, and across Winnipeg. However, this comes with a relatively low assessed value of $168,000, which is very typical for the immediate neighbourhood but sits significantly below the city-wide average. The lot size of 3,950 sqft is fairly standard for the area, offering outdoor space that is proportionate to the home.
The appeal lies in its positioning as an accessible entry point into the Winnipeg market. It suits buyers with a clear vision for efficient living or those seeking a lower-cost property to renovate or use as a stepping stone. It’s a practical choice for a first-time buyer, an investor looking for a manageable rental property, or someone wanting to minimize their footprint without leaving the city. A less obvious perspective is that its smaller size and established neighbourhood value could represent a measure of insulation from broader market volatility, focusing its worth on location and land rather than square footage.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $168k is closely aligned with recent sale averages on Barber Street and in North Point Douglas. While sale prices are influenced by condition and market timing, this suggests the home is priced within its local context, not an outlier.
2. How much of a concern is the smaller living space?
At 732 sqft, the home is compact. It will suit a single person, a couple, or someone comfortable with efficient design. The trade-off is a more affordable purchase price and potentially lower utility costs, but it requires thoughtful space planning.
3. What should I consider with a home built in 1929?
A home of this age will likely need updates to mechanical systems, insulation, and windows. A thorough inspection is essential. On the positive side, it may feature character and construction materials not found in newer builds.
4. How does the property compare city-wide?
The data shows this home is below Winnipeg averages in size, value, and lot size. This isn’t necessarily negative—it highlights its role as a more affordable, central urban property compared to newer, larger, and more suburban—and expensive—homes across the city.
5. Can I get the exact historical sale price for this home?
The listing service provides a sold price range (CA$150k–200k) from April 2021. For fully verified and exact sale figures, you must request a manual lookup via email from the site, as they do not publish MLS sold data directly.