Property Overview: 124 Hallet Street, North Point Douglas, Winnipeg
Key Characteristics & Appeal
This home presents a compelling mix of space, value, and history. Its most striking feature is the generous 2,619 sqft of living area, which places it in the top 2% of homes locally and citywide for size. This offers exceptional potential for a growing family, a multi-generational household, or a buyer seeking ample room for a home office or creative space. Built in 1893, the property carries over a century of character, appealing to those who appreciate heritage and the solid construction of its era.
The appeal lies in this combination of substantial interior space at a relatively accessible price point, as indicated by its assessed value of $177k. It suits a practical buyer who prioritizes square footage and potential over a large lot or a modern build. It’s ideal for a hands-on owner comfortable with the upkeep of an older home and who sees value in a neighborhood like North Point Douglas, which offers more house for your dollar compared to city averages. A thoughtful perspective is that while the lot size is modest relative to the city, it is fairly typical for the immediate area, potentially reducing exterior maintenance demands and focusing the property's value on the dwelling itself.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home sold in January 2022 for an estimated $200k-$250k. Its current assessed value of $177k is below that sale range, which may reflect market adjustments or the city's assessment methodology. It’s important to get a professional valuation for the current market.
2. What are the implications of the home’s age (1893)?
While offering classic charm, a home from 1893 will likely require diligent maintenance and updates to mechanical systems like wiring, plumbing, and insulation. A thorough pre-purchase inspection is essential to understand the condition and any needed investments.
3. The living area is in the top 2%, but the lot size is below average. What does this mean?
This indicates the home occupies a significant portion of its lot. It offers extensive indoor living space but may have limited outdoor yard area. This layout prioritizes the house itself, which is a benefit for those wanting more interior room.
4. Is the property’s value high or low for Winnipeg?
Context is key. While the assessed value is in the bottom 5% citywide (where average values are over $390k), it is above average for its specific street and neighborhood. This highlights the significant variation in property values across different Winnipeg areas.
5. How can I verify the exact historical sale price?
The site provides sold price ranges for general research. For fully verified, exact sale figures and a complete transaction history, you must request a manual lookup from the provider, as this data is not sourced from the MLS system.