Property Overview: 92 Prince Edward Street, Winnipeg
Key Characteristics & Appeal
This home at 92 Prince Edward Street in North Point Douglas is a compact, early-20th century property built in 1906. With 1,056 square feet of living space on a 2,369 sqft lot, it is notably smaller than most homes on its street and in the wider city. Its assessed value of $149,000 is very typical for the immediate North Point Douglas area but sits significantly below the Winnipeg city average, highlighting its position in a more affordable market segment.
The primary appeal lies in its accessibility. It represents a lower-cost entry point into homeownership, particularly for a standalone house. Its size and value metrics suggest it may suit first-time buyers, investors looking for a rental property, or those seeking a minimalist footprint without the premium of a larger lot or modern build. A thoughtful perspective is its established location: while the lot is small, the home is part of a long-standing neighbourhood fabric, offering a sense of permanence and history that newer subdivisions may lack. Its recent sale in 2022 within the $150,000-$200,000 range indicates a stable, active market for such properties.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value ($149,000) is used for calculating property taxes. Market value (what a buyer might pay) is determined by current market conditions, the property's state, and recent comparable sales, like its 2022 sale price.
2. How does the small lot size impact living here?
The lot is smaller than most in Winnipeg, meaning less private outdoor space for gardening or expansion. However, this can translate to lower maintenance and potentially lower property taxes, which some buyers may prefer.
3. What should I consider with a 120-year-old home?
While full of character, a home from 1906 will likely require diligent maintenance and updates. Prospective buyers should budget for potential repairs to older systems (plumbing, electrical, structure) and prioritize a thorough, professional home inspection.
4. How does this property compare to others nearby?
Within North Point Douglas, its living space and value are very average. On its specific street, it ranks on the smaller and more affordable end. This suggests it offers a competitive price within a neighbourhood that may have a wide variety of home sizes and values.
5. Can I get the exact historical sale prices?
The site shows sold price ranges for privacy. To obtain the exact sale figures from 2016 and 2022, you must request a manual lookup via email, as this data is not sourced from the MLS system.