Property Overview
113 Lorne Avenue is a historic, compact home in Winnipeg's North Point Douglas neighbourhood. Built in 1890, it stands as one of the oldest homes on its street and in the wider city. With 1,080 square feet of living space and a lot just under 3,000 square feet, its physical footprint is modest compared to local and city averages. This is directly reflected in its assessed value of $101,000, which is notably below average for the area and significantly lower than the Winnipeg citywide benchmark. The home last sold in April 2021 within the $100,000-$150,000 price range.
Key Characteristics, Appeal & Ideal Buyer
The primary appeal of this property lies in its position as a historic entry point into homeownership. Its assessed value places it in the most affordable tier citywide, offering a rare opportunity for a very low financial barrier to entry. The home suits a specific buyer: a hands-on renovator or investor with a vision. Its age (136 years) means it likely possesses character but also requires a buyer prepared for potential updates and maintenance. The smaller lot and living space suggest efficiency over expansiveness, appealing to those seeking a simpler footprint or a strategic investment in a transitioning neighbourhood like North Point Douglas.
A less obvious perspective is its data-backed context. While its size and value rank below average on its own street, it is much closer to the norm for the broader North Point Douglas area. This indicates it’s a characteristic home for the community, not an outlier. For the right buyer, this represents authenticity and a chance to contribute to the neighbourhood's continuity rather than seeking a premium, finished product.
Frequently Asked Questions
1. What does the assessed value tell me about the potential purchase price?
The assessed value of $101k is for municipal tax purposes and is typically lower than market value. However, its ranking in the bottom 1% of the city strongly indicates a very affordable market price. The previous 2021 sale in the $100k-$150k range provides a recent benchmark.
2. Given its age, what should I be most concerned about?
A home built in 1890 will likely have outdated systems (like plumbing, electrical, and heating) that may need upgrading to modern standards. A thorough inspection is essential to understand the condition of the foundation, structure, and any historical materials that require special care or restoration.
3. How does the lot size impact its potential?
At 2,974 sq ft, the lot is smaller than most in Winnipeg. This limits possibilities for large additions or extensive outdoor amenities but can mean lower maintenance. It’s important to verify local zoning bylaws to understand what alterations or expansions are permissible.
4. Is the living space of 1,080 sq ft practical for a family?
The living area is compact, ranking below average for the street but around average for North Point Douglas. It would suit a small household, a couple, or a single individual comfortably. Families would need to prioritize efficient use of space.
5. How can I get the exact past sale price?
The provided data shows a sold price range. Due to industry rules, exact MLS sale figures are not published on this site. You can request the exact historical sold price by using the "Request exact figures by email" feature on the property page, and the information will be provided directly via email.