Property Overview: 62 Prince Edward Street, North Point Douglas, Winnipeg
Key Characteristics & Appeal
This home, built in 1906, offers a compelling blend of space, value, and location-specific advantages. With 1,459 sqft of living area, it provides significantly more interior space than most comparable homes on its street and in the immediate North Point Douglas area. The assessed value of $204k is also notably above the local averages, suggesting a property that is well-positioned within its neighbourhood context.
Its primary appeal lies in this above-average offering for the area, presenting an opportunity for more square footage at a value-oriented entry point into the Winnipeg market. The lot size is consistent with local norms, providing typical outdoor space for the community.
This property would suit a pragmatic buyer looking for character and space in an established neighbourhood, potentially a first-time homeowner or an investor comfortable with a century-old home. It’s a practical choice for those prioritizing interior space and lot location over a newer build, and who see value in a home that stands out positively within its immediate surroundings rather than against city-wide averages.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home last sold between $150k-$200k in April 2021. Its current assessed value of $204k is above that range and above the current averages for both the street and North Point Douglas, indicating a potential increase in valuation.
2. What does the age of the home (1906) mean for me?
A 120-year-old home offers classic character but requires a proactive approach to maintenance. While its age is typical for the area, buyers should prioritize a thorough inspection focusing on foundational integrity, historical updates to wiring and plumbing, and the condition of the roof and windows.
3. The living area is above average locally but average city-wide. What's the takeaway?
This highlights the neighbourhood's character. You are getting a home that is spacious for North Point Douglas, offering more room than most nearby options. Compared to the entire city, it’s a standard size, confirming this is a value play in a community with generally smaller homes.
4. Why is the city-wide assessed value ranking so low (Top 91%)?
This statistic is often misunderstood. A "Top 91%" ranking for assessed value means the value is in the bottom 9% city-wide. This isn’t negative; it primarily reflects Winnipeg’s significant variation in property values across different areas. It underscores that this property offers an accessible price point compared to the city's overall market, which is driven by higher-valued suburban and newer homes.
5. How can I get the exact historical sale price?
The exact sold price is not publicly displayed due to data licensing. You can request the precise figure by emailing the site directly. They will provide a manual lookup and send the information to you, typically by the end of the same business day.