Property Overview: 69 Prince Edward Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 69 Prince Edward Street in North Point Douglas is a practical, early-20th century residence built in 1906. With 1,298 square feet of living space, it offers a comfortably sized interior that is above average for its immediate street and in line with the neighbourhood norm. Its core appeal lies in its value proposition within the city context. The home's assessed value of $150,000 is very typical for the North Point Douglas area, but it stands out as a notably affordable entry point compared to the Winnipeg city-wide average, where similar homes are assessed for significantly more.
The property suits buyers seeking character and affordability over expansive outdoor space. The lot is compact at 2,227 sqft, which means lower maintenance but limited room for expansion or large gardens. This makes it ideal for first-time homeowners, downsizers, or investors looking for a manageable property in a central, historic neighbourhood. A thoughtful perspective is that its age and established location often mean it's part of a mature streetscape with settled infrastructure, but it necessitates a buyer comfortable with the upkeep and potential renovations of a 120-year-old home.
Section 2: Frequently Asked Questions
1. How does the property's value compare to nearby sales?
Based on available data, the home sold between $150,000 and $200,000 in May 2023. This sale price was competitive, ranking in the top 38% for value within the North Point Douglas area at the time.
2. Is the lot size a significant drawback?
It depends on your priorities. The land area is smaller than most properties on the street and in the city. This limits large-scale outdoor projects but translates to less yard work and can contribute to the home's affordability and efficient footprint.
3. What should I consider about the home's age?
Built in 1906, the home is older than the vast majority of Winnipeg houses. This often brings character and solid construction, but a thorough inspection is essential to understand the condition of major systems like wiring, plumbing, and the foundation, and to budget for potential updates.
4. How accurate is the assessed value versus market price?
The assessed value ($150k) is for municipal tax purposes. The recent sold price range suggests the market value aligns closely with this assessment, but current market conditions will ultimately determine the price. You can request exact historical sold price figures via email from the site.
5. Are the living space dimensions realistic for a family?
At approximately 1,300 sqft, the living area is a workable size for a small family or couple. It's larger than many homes on its street and is comparable to the neighbourhood average, offering a practical amount of room without being excessive.