Property Overview: 102 Disraeli Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 102 Disraeli Street in North Point Douglas presents a specific value proposition centered on land and location. Built in 1936, it is a notably newer construction compared to many heritage homes in the immediate area. The key characteristic is its generous 5,809 sqft lot, which is significantly larger than the neighbourhood average and offers substantial outdoor space or future potential in a central urban location.
Its primary appeal lies in its affordability, with an assessed value of $104k that sits well below both area and city-wide averages. This makes it one of the most accessible entry points into Winnipeg’s housing market. The home itself is modest at 857 sqft of living space, suggesting a project-ready or minimalist lifestyle.
This property would best suit a value-driven buyer, such as a first-time purchaser prioritizing land size over move-in-ready condition, or an investor looking for a land-hold opportunity in a transitioning neighbourhood. It’s for someone who sees potential in the lot itself and is prepared to invest in updates to the older, smaller home.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
Assessed value is based on a municipal formula considering factors like home size, age, and local sales. This home’s below-average living area and its location in a neighbourhood with generally lower market values result in an assessment significantly under the Winnipeg average.
2. Is the large lot a common feature here?
Yes and no. The lot is larger than most in North Point Douglas, ranking in the top 9% for the area. However, it is closer to the city-wide average. In this specific neighbourhood, the large lot is a standout feature that offers more private outdoor space than is typical.
3. What does it mean that the home is “newer” than others on the street?
Built in 1936, this home is younger than many on its street (average year built 1917) and in the broader area. This could imply potentially fewer heritage-related considerations and different construction materials or layout compared to much older, century-old homes nearby.
4. How reliable are the sold price ranges shown?
The sold price data is compiled from public online sources, not the MLS. The provided range (CA$100k–150k for April 2023) is a broad band. For verified, exact historical sale figures, you must request a manual lookup from the site via email.
5. What are the main trade-offs with this property?
The trade-off is clear: you are acquiring a larger-than-average lot in a central location at a very low price point, but the living space is compact and older. The value is in the land and the opportunity, not in a modern or spacious finished home.