Property Overview
This home at 121 Disraeli Street in Winnipeg's North Point Douglas is a character property with distinct advantages rooted in its context. Built in 1898, it offers more living space than many neighbouring homes and sits on a lot that is generous for the central area. Its assessed value is notably below the Winnipeg city average, presenting a specific value proposition.
Key Characteristics & Appeal
The primary appeal lies in its above-average interior space (1,394 sq ft) for both its immediate street and the North Point Douglas neighbourhood, offering more room than many comparable local homes. The 4,099 sq ft lot is also larger than typical for the area, providing valuable outdoor space in an inner-city community. With an assessed value of $157,000—significantly lower than the city-wide average—it represents an accessible entry point into homeownership, especially for a house of its size and vintage.
This property would suit a value-conscious buyer looking for character and space over modern finishes, potentially a first-time homeowner, an investor, or someone committed to the historic and evolving North Point Douglas community. It’s a practical choice for those who see potential in a well-located older home and are prepared for the maintenance that comes with a 128-year-old structure. A thoughtful perspective is that this home offers a rare combination in central neighbourhoods: proportionally more house and land for the dollar, trading a newer build date for established community roots and layout potential.
Frequently Asked Questions
1. Why is the assessed value so much lower than the Winnipeg city average?
Assessed values are relative. While this home’s value is on par with others in North Point Douglas, it sits far below the city-wide average because that average includes many newer, suburban homes on larger lots. This reflects the home’s age, location, and market segment rather than condition alone.
2. What does it mean that the home was built in 1898?
As one of the older homes on the street and in the city, it offers classic character and sturdy construction. Buyers should prioritize a thorough inspection to understand the condition of original systems (like plumbing and wiring) and the scope of any updates needed, as maintenance history is key.
3. How does the lot size compare?
At just over 4,000 sq ft, the lot is larger than many in North Point Douglas, which is a plus for privacy, gardening, or outdoor space. It is, however, smaller than the typical suburban lot in wider Winnipeg, aligning with the more compact, community-focused layout of central neighbourhoods.
4. What can the 2020 sale price range tell me?
The previous sale in the $100k-$150k range provides a historical benchmark, suggesting the assessed value has remained relatively stable. For exact sale figures, a manual lookup via the site is required due to data display regulations.
5. Who is this neighbourhood best for?
North Point Douglas is a historic, close-knit community near the river and downtown. It appeals to those seeking an authentic, urban neighbourhood with character, who are comfortable with an area that is actively involved in its own revitalization and has a mix of housing styles and conditions.