Property Overview: 56 Barber Street, Winnipeg
Key Characteristics & Appeal
This home at 56 Barber Street in North Point Douglas is a property defined by its context. Built in 1944, it offers 1,267 sqft of living space on a 4,097 sqft lot, placing it as a solidly average-sized home for its immediate street and neighborhood. Its primary appeal lies in its strong standing within the local market. The assessed value of $208k is notably above the average for both Barber Street and the wider North Point Douglas area, suggesting it is perceived as a higher-quality or better-maintained home among its direct peers. This creates an interesting value proposition: you are acquiring a top-tier property on its block without the premium price tag of newer or larger suburban homes city-wide.
The home would suit a pragmatic buyer who values neighborhood equity over city-wide comparisons. It’s ideal for someone looking for a character home in a historic area who understands that value is often hyper-local. This isn't a sprawling new build, but rather a well-positioned asset within its community—perfect for an owner-occupant seeking a fair deal relative to nearby houses, or an investor looking for a property that already outperforms its immediate comps.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home sold between $200k-$250k in July 2023. Its current $208k assessment aligns closely with that sale range, indicating the assessed value is grounded in recent market activity.
2. Is the home older than others in the area?
Yes, but in a positive way for the neighborhood. Built in 1944, it is actually newer than many homes on Barber Street and in North Point Douglas, where average build years are 1929 and 1922, respectively. It’s a relatively newer home in a historic area.
3. What does the "below average" city-wide ranking for value mean?
This reflects Winnipeg’s diverse market. While the home’s value is strong locally, the average assessed value city-wide is much higher ($390.1k), driven by newer suburbs and larger properties. This statistic highlights the importance of comparing homes within their specific neighborhood context.
4. How does the lot size compare?
At just over 4,000 sqft, the lot is above average for North Point Douglas, offering more outdoor space than many neighboring properties. City-wide, however, lots are typically larger, which accounts for its "below average" ranking on that scale.
5. Can I get the exact historical sold price?
The site provides sold price ranges for quick reference. To obtain the exact sale figure and full transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS.