Property Overview
This home at 54 Prince Edward Street in Winnipeg’s North Point Douglas neighborhood presents a specific and value-focused opportunity. Built in 1952, its key characteristic is a modest 624 sqft living area, which is notably compact compared to most homes on its street, in the area, and across the city. However, this is balanced by a larger-than-average lot size of just over 4,100 sqft for the immediate vicinity, offering valuable outdoor space. With an assessed value of $150,000, it sits around the average for North Point Douglas but significantly below the Winnipeg city-wide average, highlighting its position as an entry-point property in the broader market.
Its appeal lies in its affordability and land potential. It suits a first-time buyer, an investor, or someone looking for a minimalist footprint who values a sizable yard over interior square footage. The data suggests a thoughtful perspective: while the house itself is small, the lot is a relative premium for the street, indicating room for expansion, gardening, or outdoor living that isn't typical for the block. It’s a property where the value is arguably more in the land than the current structure, appealing to those with a vision for the future or a desire for low-maintenance living now.
Frequently Asked Questions
1. Is the house too small?
At 624 sqft, the living space is significantly below average for Winnipeg. It would suit a single person, a couple, or someone comfortable with a very efficient, minimalist layout. It is not suited for a growing family needing multiple bedrooms or common areas.
2. Why is the assessed value so much lower than the city average?
The assessed value reflects the property’s characteristics (small home, older neighborhood) relative to the entire Winnipeg market, which includes many newer and larger suburban homes. In its own neighborhood of North Point Douglas, its value is around the median, indicating it is priced appropriately for the area.
3. What are the advantages of such a large lot?
The 4,119 sqft lot is well above average for the street and area. This provides ample private outdoor space, potential for additions (subject to zoning), gardening, or simply a greater sense of openness than neighboring properties may offer.
4. What does the sold price history indicate?
Records show it last sold between $100,000-$150,000 in August 2023. This recent sale in a similar price range to its current assessment suggests a stable, entry-level market value for this type of property in the area.
5. How can I get the exact past sold prices?
The website provides sold price ranges publicly. To obtain the exact historical sale figures, you must request them directly via email, as this data is manually verified and not displayed in full due to industry data rules.