Property Overview
64 Grove Street is a 1,239 sqft home built in 1904, situated on a 4,429 sqft lot in Winnipeg's North Point Douglas neighbourhood. With an assessed value of $158k, it presents a specific value proposition rooted in its context.
Key Characteristics, Appeal & Ideal Buyer
This home’s primary appeal lies in its balance of space and value within its immediate area. The living area is typical for the street and neighbourhood, but the lot size is notably above average locally, offering more outdoor space than many nearby properties. This is a character home, as its 1904 construction is older than the vast majority of Winnipeg houses, suggesting potential for heritage features alongside the need for mindful maintenance.
Its assessed value is aligned with the North Point Douglas average but sits significantly below the citywide average, highlighting the neighbourhood's affordability relative to the broader market. Recent sales data indicates steady activity on the street.
This property would best suit a pragmatic buyer—perhaps a first-time homeowner or an investor—who is comfortable with an older home and values lot size over modern finishes. It’s for someone seeking an entry into the market with a manageable assessment, who understands they are investing in a neighbourhood with its own rhythm rather than the city's average trends.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices on the street?
The home was sold twice in recent years (2021 and 2023), with recorded price ranges between $100k and $200k. Its current $158k assessment falls within that recent transaction history, suggesting it is valued consistently with the street's market activity.
2. What does the "below average" citywide ranking for Year Built mean for me?
Ranking in the top 99% oldest homes citywide means this is one of the older homes in Winnipeg. This often translates to character and solid construction, but it also warrants a thorough inspection to understand the condition of major systems like wiring, plumbing, and the foundation, which may have been updated over the decades.
3. The lot size is "above average" for the area. How significant is this?
With a lot over 4,400 sqft, you have more outdoor space than roughly 82% of your neighbours. This is a standout feature for gardening, expansion, or simply having more privacy in a neighbourhood where lots are typically closer to 3,800 sqft.
4. Is the property’s value likely to keep pace with the rest of the city?
The data shows a persistent gap between assessed values in North Point Douglas and the Winnipeg citywide average. Buyers should view this as a long-term investment in an established neighbourhood, not one that mirrors citywide appreciation trends in the short term.
5. Where can I get verified historical sale prices for this home?
The site notes that exact sold prices are not displayed publicly due to industry rules. You can request the exact sale history by emailing the site directly for a manual lookup, which they provide without using your email for marketing.