Property Summary: 147 East Gate, Armstrong Point, Winnipeg
Key Characteristics & Appeal
This is a truly distinctive property, defined by its rare combination of historical significance, generous space, and modern updates. Built in 1882, it stands as one of the oldest homes in its area, offering a tangible connection to Winnipeg's heritage. Its primary appeal lies in its exceptional land size—over half an acre (28,793 sqft)—which is a rarity within the city, placing it in the top 1% of Winnipeg for lot size. This provides immense privacy and potential for gardens, recreation, or expansion.
The home itself is a substantial two-storey with 3,771 sqft of living space, featuring a renovated basement and desirable amenities like a pool and detached garage. It suits a specific buyer: someone who values legacy, space, and privacy over a modern build. This property is ideal for a buyer seeking a private estate-like setting within the city, who appreciates character and has the vision (and potentially the budget) to steward a historic home. Its appeal is not in being the newest, but in offering a unique, grounded sanctuary with unmatched land.
Frequently Asked Questions
1. What does the assessed value versus last sold price indicate?
The assessed value is significantly lower than the 2016 sale price, which is common for unique, historic properties where market value is driven by specific buyer demand and premium features (like the immense lot) rather than municipal assessment formulas.
2. How significant is the age of the home?
Built in 1882, it is among the oldest in Winnipeg. This means immense character and heritage, but also implies that ongoing maintenance and any renovations require careful consideration to preserve integrity while updating systems.
3. The lot is in the top 1% for size, but the living area rank is lower. Why?
This highlights the property's unique proposition: the value and appeal are disproportionately in the land itself. The house is spacious, but the true premium is the private, park-like setting it occupies—a feature that cannot be replicated.
4. What is the neighbourhood context?
Armstrong Point is a mature, prestigious area. The property ranks in the top 6% of the neighbourhood for lot size and top 4% for assessed value, confirming its status as one of the area's most significant holdings.
5. Are the pool and garage in good condition?
The listing notes a renovated basement and the presence of a pool and detached garage. Specific condition, age, and compliance with current codes should be verified through a professional inspection, as these are major ancillary features.