Property Overview: 94 Granville Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 94 Granville Street in North Point Douglas is a property of notable contrasts. Its key characteristic is its generous 1,668 sqft of living space, which ranks it in the top 10-20% for size both on its street and within the wider neighbourhood. This offers significantly more room than many comparable local homes. Built in 1884, it is a true historic property, standing as one of the oldest homes in the area. The assessed value of $219k is above average for North Point Douglas, suggesting it is a substantial property within its immediate market, though it sits below the city-wide average for assessed value.
The appeal lies in this combination of historic character and spacious interior, offering a rare opportunity in the area. It suits a specific type of buyer: someone seeking a character home with room to grow, who values the authenticity and potential of a historic structure over a newer build. It would appeal to a buyer comfortable with the realities and maintenance of a 142-year-old home, and who sees value in a property that is a standout in its immediate community in terms of size and heritage, even if it isn't in the city's upper tier for assessed value. The lot size is fairly typical for the neighbourhood, providing standard outdoor space without being exceptionally large or small.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to likely market value?
The assessed value of $219k is for municipal tax purposes. It is above the neighbourhood average but below the city-wide average, reflecting the home's size and condition within its specific market area. A professional appraisal or market analysis would be needed to determine current market value.
2. What should I consider with a home built in 1884?
Prospective buyers should prioritize a thorough inspection by a specialist familiar with historic homes. Key considerations will include the condition of the foundation, original plumbing and electrical systems (and any updates), insulation, and the roof. Maintenance and renovation costs can be higher for heritage properties.
3. The home sold in 2017. What does that past sale indicate?
The previous sale price fell within the $150k-$200k range. This historical data provides context for market trends in the area over the past eight years, but it does not determine the current value, which is influenced by market conditions, any improvements made since then, and updated assessments.
4. Is the living space configured well for modern living?
While the total square footage is generous, the layout of a home from this era may differ from modern open-concept designs. It may feature more defined, separate rooms. Viewing the property is essential to see if the space meets your functional needs.
5. How does this property fit within the North Point Douglas community?
The data shows this home is a larger, older, and higher-assessed property within North Point Douglas itself. This suggests it is a more established home in the neighbourhood. Buyers should explore the area to understand the community dynamics, amenities, and future development plans that might affect value and livability.