Property Overview: 127 Grove Street, North Point Douglas, Winnipeg
Key Characteristics & Appeal
This home at 127 Grove Street is a historic, compact property built in 1892, offering a practical footprint in the North Point Douglas neighbourhood. With 1,193 square feet of living space and a 3,045 sqft lot, its size is fairly typical for its immediate street and area, though it sits on a smaller lot compared to many city homes. Its primary financial characteristic is a notably low assessed value of $119k, which is around average for the neighbourhood but places it among the most affordable 1% of properties citywide. This creates a unique value proposition: it’s a historically significant home in an established community with a very accessible entry point.
The appeal lies in its potential for a hands-on buyer or an investor. It suits a first-time buyer comfortable with a renovation project, someone seeking a character home without a high purchase price, or an investor looking for a lower-cost rental property in a central location. A thoughtful perspective is that its older age (134 years) means it likely has character but also requires a buyer with a practical mindset for maintenance and potential updates. Its value isn't in expansive size or a modern build, but in affordability and historic charm within a close-knit urban community.
Frequently Asked Questions
1. Why is the assessed value so much lower than the Winnipeg city average?
The assessed value is based on the property's specific characteristics—its age, size, and location within North Point Douglas. While it's aligned with neighbourhood averages, it is significantly below the citywide average because many parts of Winnipeg have newer, larger homes on bigger lots, which drive the overall average up.
2. What does the sold price history indicate?
Records show it last sold in January 2022 for between $100,000 and $150,000. This past sale price, combined with its current assessed value, suggests it has remained a competitively priced property in its market segment.
3. Are there any concerns with a house built in 1892?
While full of historic character, a home of this age will likely require careful attention to foundational, electrical, and plumbing systems. A thorough inspection is essential to understand the condition and any needed repairs or upgrades.
4. How does the lot size affect the property?
At 3,045 sqft, the lot is smaller than many in Winnipeg. This means lower exterior maintenance but also limited space for expansive additions, decks, or gardening compared to properties on larger lots.
5. How can I get the exact historical sold prices?
The provided data shows price ranges. For fully verified and exact sale figures, you must request a manual lookup by email through the site. This is due to industry rules that prevent the display of exact MLS sold data on public platforms.