Property Overview: 61 Disraeli Street, Winnipeg
Key Characteristics & Appeal
This home at 61 Disraeli Street in North Point Douglas is a character property with a distinct value proposition. Built in 1906, it offers 1,166 sqft of living space on a 4,097 sqft lot, placing it squarely in the middle of the pack for size among its immediate neighbors and area. Its primary appeal lies in its strong assessed value of $216,000, which ranks well above average for both Disraeli Street and the broader North Point Douglas area. This suggests the property is considered a higher-value asset within its local market context, potentially due to upgrades, condition, or its specific lot attributes.
The home suits practical buyers who value established neighborhoods and see potential in a century-old structure. It’s a fit for someone comfortable with a property that is older than the vast majority of homes citywide, recognizing the maintenance that may entail. A thoughtful perspective is that while the lot size is smaller than others on its street, it is actually larger than the average lot for North Point Douglas, offering a decent outdoor space in an inner-city area. The sales history shows significant appreciation between 2016 and 2017, indicating a history of rising value in a transitioning area.
Frequently Asked Questions
1. How does the assessed value compare to likely market value?
While its assessed value is strong for the local area, it remains notably below the Winnipeg city-wide average for homes. Market value can differ, but this indicates the home is in a more affordable segment of the market overall, with its premium being relative to its immediate surroundings.
2. What should I consider with a 120-year-old home?
Expect character but prioritize a thorough inspection. Key systems like wiring, plumbing, and the foundation may have been updated over time, and understanding the scope and age of those updates is crucial for budgeting.
3. The lot seems smaller than others on the street. Is that a concern?
At 4,097 sqft, the lot is below average for Disraeli Street but above average for the North Point Douglas neighborhood. This means you still get a sizable yard for the area, though it may not be the largest on the block.
4. Can I get the exact historical sold prices?
The site provides sold price ranges for 2016 and 2017. To obtain the exact figures, you must request a manual lookup via email, as this data is not sourced from the MLS.
5. What does the "above average" assessed value ranking mean for property taxes?
A higher assessed value relative to nearby homes typically leads to a higher property tax bill compared to those neighbors. It’s advisable to estimate the actual tax cost based on the current assessment and municipal tax rate.