Property Overview: 44 Prince Edward Street, Winnipeg
Key Characteristics & Appeal
This home at 44 Prince Edward Street in North Point Douglas presents a distinct value proposition centered on space and land. Built in 1946, its key advantage is a significantly larger-than-average lot of over 6,000 square feet, placing it in the top 10% of lots in the immediate area. The living area of 1,478 sq ft is also notably spacious for the neighbourhood, ranking well above the local average.
The appeal lies in this combination of a generous footprint and a relatively modest assessed value of $192k. Compared to city-wide averages, the assessed value is quite low, which can mean lower property taxes. This creates an opportunity for buyers seeking room to grow, garden, or expand, without the premium price tag of more central or developed areas. It would suit practical buyers, such as hands-on owners comfortable with a home of this vintage, or those looking for a land-value play in an evolving neighbourhood. A less obvious perspective is that, while the home is older than most in the city, it is actually newer than many in its own historic neighbourhood, potentially suggesting fewer legacy maintenance issues than some direct comparables.
Frequently Asked Questions
1. How does the assessed value affect property taxes?
A lower assessed value typically results in lower municipal property taxes. While this home’s value is above average for North Point Douglas, it is well below the Winnipeg city average, which is a positive factor for ongoing tax costs.
2. What does the sold price history indicate?
Records show it last sold between $150k-$200k in April 2022. This recent sale price range aligns closely with its current assessed value, suggesting a stable market valuation for the property in its local context.
3. Is the large lot size a common feature here?
No. With a 6,039 sq ft lot, this property is in the top 9% on its street and top 8% in North Point Douglas for land area. This is a standout feature compared to neighbouring properties.
4. How can I verify the exact historical sold prices?
The provided sold price is an estimated range from public data. For fully verified and exact transaction figures, you must request a manual lookup from the site via email, as they do not display official MLS sales records.
5. How does the living space compare to nearby homes?
With 1,478 sq ft, it offers substantially more living area than the average home on Prince Edward Street (~1,137 sq ft) and in North Point Douglas (~1,321 sq ft). It provides spacious interiors for the area.