Property Overview: 140 Barber Street, Winnipeg
Key Characteristics & Appeal
This home at 140 Barber Street in North Point Douglas presents a distinct value proposition centered on space and location. Built in 1902, it is a historic property that offers significantly more living area (1,720 sq ft) than most comparable homes in its immediate neighborhood and across Winnipeg. This above-average interior space is paired with a lot size (4,099 sq ft) that is also generous for the area.
The primary appeal lies in its affordability relative to the space provided. With an assessed value of $168,000, it is priced in line with the local market on Barber Street and in North Point Douglas, but stands well below the city-wide average for assessed value. This creates an opportunity for buyers seeking a larger footprint without the typical city-wide price tag. The home last sold in 2017 for an estimated $100k-$150k.
This property would best suit a practical buyer who values interior and yard space over modern construction, and who is comfortable with a home that requires ongoing care due to its age. It’s a candidate for an owner-investor looking for a character home in a transitioning neighborhood, or for a household needing room to grow without a premium price. The data suggests a buyer should be prepared for the realities and potential costs associated with a 124-year-old structure.
Frequently Asked Questions
1. Is this a good value for the money?
Based on the data, the home offers more living and land space than most in the local area for a price that is typical for the neighborhood. While it represents significant value compared to Winnipeg averages, its age is a major factor to weigh against the square footage.
2. What does the home’s age (1902) mean for me?
A home from 1902 is among the oldest in the city. This often means character and solid construction, but also likely entails higher maintenance, potential for outdated systems (like wiring or plumbing), and the need for upgrades to meet modern efficiency standards. A thorough inspection is essential.
3. How does the assessed value relate to the likely selling price?
The assessed value ($168k) is for municipal tax purposes and is typically close to market value in Winnipeg, but not a guarantee. The last known sold price (2017) was lower, so market conditions and the property’s condition will determine the final sale price.
4. The data shows the sold price is "below average" city-wide. Is that a red flag?
Not necessarily. This primarily reflects that North Point Douglas is a more affordable neighborhood compared to the Winnipeg average. It highlights the area's value proposition, but buyers should research the neighborhood to ensure it meets their lifestyle and long-term goals.
5. How can I get the exact historical sale prices?
The site does not display exact sold prices due to industry rules. You can request the full transaction history by emailing them directly; they provide the exact figures manually via email at no cost.