Property Overview & Key Characteristics
This one-and-three-quarter storey home in North Point Douglas presents a unique opportunity centered on its historic character and land value. Built in 1887, it is a piece of Winnipeg's architectural heritage. The appeal lies in its substantial 3,268 sqft lot—ranking in the top 16% for size city-wide—and the potential held within its 1,358 sqft living space. The home has a basement, but it is not renovated, indicating a property that awaits modernization.
It would suit a specific type of buyer: those interested in a heritage home project, investors or renovators looking for a footprint with good lot size in a transitioning area, or buyers prioritizing land value and future potential over immediate move-in readiness. The very low assessed value suggests a property that is under-improved relative to its lot and location, highlighting its nature as a value-play rather than a finished product. A thoughtful perspective is that this property isn't just a house; it's a parcel of North Point Douglas history with the spatial canvas (the large lot) for creative solutions, whether for living, gardening, or expansion, appealing to someone with vision rather than someone seeking convenience.
Frequently Asked Questions
1. What does "ONE & 3/4 STOREY" mean?
This is a common architectural style where the second floor is typically smaller than the ground floor, often with sloped ceilings or dormer windows, providing a classic, character-filled layout.
2. Why is the assessed value so much lower than the last sale price?
The last sale was in 2010. Assessed value for tax purposes can differ significantly from market value, especially for older homes that haven't been recently renovated. A low assessment often reflects the property's condition rather than its potential market price.
3. The sales history shows a sale in 2010. Has nothing happened since?
The provided data only shows recorded sales. The property may have been held by the same owner, transferred without a market sale, or refinanced. A title search would be needed for full history.
4. What is the significance of the lot size rankings?
Rankings show this lot is larger than most on its street, in the neighbourhood, and especially in Winnipeg. This is a key asset, offering more outdoor space and potential than typical city lots.
5. The basement is noted as "not renovated." What should I expect?
This typically means the basement is in original or utility condition. It likely has low ceilings, basic concrete floors, and older mechanical systems. It presents both a blank slate and a future project for finishing or upgrading.