Property Overview: 95 Euclid Avenue, Winnipeg
Key Characteristics & Appeal
This home at 95 Euclid Avenue in North Point Douglas presents a distinct value proposition centered on its generous lot and historic roots. Built in 1904, it is one of the older homes on its street, offering character but also implying a need for careful maintenance or potential updates. Its primary standout feature is the land: at over 5,000 square feet, the lot size is well above average for both the immediate street and the broader neighbourhood, offering rare outdoor space and potential in an urban setting.
The living area of 1,176 sq ft is modest and roughly average for the city, suggesting a comfortable but not expansive interior layout. The assessed value of $175K sits below the citywide average, positioning it as an accessible entry point into the market. This combination—a lower price point, a large lot, and a historic home—creates a specific appeal. It would suit a hands-on buyer, perhaps a first-time homeowner willing to grow into a property over time, an investor looking for land value, or someone specifically drawn to the authentic character of older homes and a close-knit community like North Point Douglas. The appeal lies less in modern finishes and more in foundational assets: space, location, and opportunity.
Frequently Asked Questions
1. What does the "below average" year built ranking mean for me?
It means this is one of the oldest homes in its immediate vicinity, built in 1904. While this adds character, it typically suggests that major systems (like plumbing, electrical, or the foundation) may have been updated over time and should be thoroughly inspected. It appeals to those who appreciate classic architecture but requires a pragmatic approach to maintenance.
2. The assessed value is below the city average. Is that a good thing?
It can be. It indicates a more affordable entry price compared to the wider Winnipeg market. However, it's essential to understand why. In this case, it aligns with the neighbourhood's pricing and the home's age and modest size, not necessarily its condition. It represents a value opportunity within its context.
3. How significant is the large lot size?
Very. In an established neighbourhood, a lot size that ranks in the top 12% of the area is a valuable and finite asset. It provides ample yard space, room for additions, gardening, or outdoor living—options that are often limited in urban settings. This is a long-term benefit that may not be reflected in the current assessed value.
4. What can the past sale price range tell me?
The property sold between $150K-$200K in July 2021. This gives a recent benchmark for its market value. Comparing the current assessed value ($175K) to that range can help gauge market trends and the municipality's valuation approach for the area.
5. Who should consider this type of property?
This home is best suited for a specific buyer: one who values space over turn-key condition, is comfortable with the ongoing care an older home requires, and sees potential in a neighbourhood like North Point Douglas. It's less suited for someone seeking a modern, low-maintenance property without renovation projects.