Property Overview: 48 Prince Edward Street, Winnipeg
Key Characteristics & Appeal
This home at 48 Prince Edward Street in North Point Douglas presents a practical opportunity in Winnipeg’s market. Built in 1949, its 1,077 sqft living space and 4,072 sqft lot are comfortably above average for the immediate neighbourhood, offering more interior and outdoor space than many nearby homes. The city-assessed value of $163k is very typical for the street and area, but it stands out for being significantly below the Winnipeg-wide average, highlighting its position as a more accessible entry point into homeownership.
The primary appeal lies in its value proposition within its community. It’s a home that isn’t an outlier on its block but offers solid, proportional space for the price. It would suit a first-time buyer or an investor looking for a straightforward, no-frills property in an established neighbourhood. A thoughtful perspective is that its 1949 build date, while not new, is actually newer than many homes in North Point Douglas, potentially suggesting updates over time or a different construction era than its oldest neighbours. The recent sale in early 2024 (price estimated between $150k-$200k) indicates a active, liquid market for homes at this scale.
Frequently Asked Questions
1. How does this home’s value compare to the rest of Winnipeg?
Its assessed value is notably below the city-wide average, placing it in the top 4% of least-expensive homes citywide. This indicates it represents a more budget-conscious option compared to the Winnipeg market as a whole.
2. Is the lot size a good feature?
Yes. The land area is larger than the average lot on its street and in North Point Douglas, providing more outdoor space than many direct comparables in the community.
3. What does the “Sold 3/2024” price range mean?
The property was sold in March 2024. The publicly available data shows the sale price fell within the $150,000 to $200,000 range. For the exact sale price, you would need to request a manual lookup from the site via email.
4. Is this an older home compared to others in the area?
Interestingly, no. While 77 years old, it ranks in the top 19% for year built in North Point Douglas, meaning it is newer than over 80% of comparable homes in the area. The neighbourhood primarily consists of homes built even earlier.
5. Where can I see more detailed comparisons with nearby properties?
The listing suggests using the “Open neighbourhood map analysis” feature to visually compare this property with immediate neighbours on metrics like year built, lot size, and assessed value.