Property Overview: 56 Grove Street, North Point Douglas, Winnipeg
Section 1: Key Characteristics & Appeal
This home is defined by its historic character and its position as a practical entry point into the Winnipeg market. Built in 1894, it offers a generous 1,446 sqft of living space on a notably larger-than-average lot for the immediate area (4,483 sqft). Its assessed value of $143k is very typical for the North Point Douglas neighborhood but sits significantly below the citywide average, highlighting the area's affordability.
The primary appeal lies in this value proposition: substantial interior space and a sizable yard at a accessible price point. It suits hands-on buyers looking for a character home with renovation potential, or investors seeking a property with a low entry cost. A less obvious perspective is its lot size; in a mature neighborhood, the above-average land parcel offers rare potential for expansion, gardening, or outdoor living that newer subdivisions often lack. It’s a property for those who see value in foundations—both the historic structure and the land it sits on—rather than a turn-key finish.
Section 2: Frequently Asked Questions
1. How does the age of the home (1894) affect ownership?
While offering classic charm, a home of this age will likely require more ongoing maintenance and potentially significant updates to mechanical systems like plumbing, wiring, or insulation. A thorough inspection is essential to understand the condition and plan for future investments.
2. The citywide assessed value seems low. Why is that?
The assessed value is based on the property's value within the local market. While it is average for North Point Douglas, it falls below the Winnipeg citywide average because assessment reflects neighborhood market conditions, property types, and age. This discrepancy underscores the area's relative affordability.
3. What does the sold price history indicate?
Records show it last sold between $100k-$150k in late 2021. This recent sale price, close to the current assessed value, suggests a stable market value for the property in its local context.
4. Is the lot size a major advantage?
Yes, particularly within this neighborhood. The lot is in the top 17% for size in North Point Douglas, offering more private outdoor space than most immediate neighbors. This provides flexibility that is harder to find in older, densely built areas.
5. Where can I get verified sale history details?
The provided data is compiled from public records. For fully verified figures and a complete transaction history, you must request a manual lookup from the site via email, as MLS data is not displayed here due to industry regulations.