Property Overview: 115 Lisgar Avenue, North Point Douglas, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a practical entry point into Winnipeg’s housing market, characterized by its modest scale and clear value proposition. Built in 1901, it offers 842 square feet of living space on a 3,056 sqft lot, making it a compact and manageable property. Its primary appeal lies in its financial accessibility. With an assessed value of $168,000, it is priced significantly below the Winnipeg city-wide average, yet is fairly aligned with values in its immediate neighbourhood and street. This creates a unique position: it’s a competitively priced option within North Point Douglas, while representing a substantial value compared to the broader city.
The property would suit first-time buyers, investors, or downsizers seeking a lower barrier to entry and a home that requires less upkeep than a larger property. Its smaller size and lot offer a manageable maintenance footprint. A thoughtful perspective for potential buyers is the home’s age: while it’s older than most in the city, it is actually around the average age for its specific street, suggesting it fits the historic character of the block. Buyers should be prepared for the realities and potential charm of a century-old home, viewing it as a straightforward canvas in a well-established community.
Section 2: Frequently Asked Questions
1. How does the property’s value compare to nearby homes?
The assessed value of $168,000 is around average for both Lisgar Avenue and the wider North Point Douglas area. However, it ranks in the top 5% of values city-wide, meaning it is assessed significantly lower than the typical Winnipeg home, highlighting the area’s relative affordability.
2. Is the living space smaller than other homes?
Yes. At 842 sqft, the living area is below average for the street, neighbourhood, and especially the city. This indicates a cozy, efficient layout rather than a spacious one, which contributes to its manageability and lower price point.
3. What should I know about the home’s age?
Built in 1901, the home is 125 years old. It is older than most homes in Winnipeg and the neighbourhood, but is not an outlier on its own street. This age implies potential for historic character but also necessitates a thorough inspection for updates to major systems like wiring, plumbing, and insulation.
4. How reliable is the sold price data shown?
The site notes that sold price data is from public sources, not the MLS, and is presented in a range (e.g., CA$100k–150k). For fully verified and exact historical sale figures, you must request a manual lookup via email, as MLS records are not displayed due to industry rules.
5. What are the nearby properties like?
The listing shows nearby homes on Lisgar and surrounding streets with a wide variety of sizes, ages, and values. This suggests a mixed, unhomogenized streetscape typical of long-established neighbourhoods, with properties ranging from similar small lots to much larger homes.