Property Overview: 77 Barber Street, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This home at 77 Barber Street in North Point Douglas is defined by its historical roots and practical value. Built in 1883, it is one of the oldest homes on its street and in the wider city, offering a tangible connection to Winnipeg’s past. With 1,264 sqft of living space and a 3,380 sqft lot, its size is very typical for the immediate neighbourhood, fitting comfortably within the local context without standing out as particularly large or small.
Its primary appeal lies in its affordability and location. The assessed value of $168k is aligned with area averages but sits significantly below the city-wide average, presenting a lower barrier to entry into the Winnipeg market. This creates an opportunity for value-conscious buyers to secure a character home in an established neighbourhood. The appeal is pragmatic rather than luxurious.
This property would best suit a hands-on buyer who appreciates historical character and is prepared for the maintenance that comes with an older home. It’s a practical choice for first-time homeowners seeking to build equity, or for investors looking for a rental property with a manageable entry cost. It is less suited for those seeking a modern, turn-key property or a large lot, as its age and lot size are below broader city standards.
Frequently Asked Questions
1. What does it mean that the home was built in 1883?
This means the home is over 140 years old and possesses genuine historical character. Prospective buyers should prioritize a thorough inspection to understand the condition of original elements (like foundation, wiring, and plumbing) and budget for maintenance or updates suitable for a house of this age.
2. How does the assessed value compare?
At $168,000, the assessment is very typical for North Point Douglas but is less than half the Winnipeg city-wide average for comparable homes. This indicates the property is priced within its immediate market context but may represent a more affordable option compared to many other city neighbourhoods.
3. Is the living space and lot size sufficient?
The living area (1,264 sqft) is standard for the area, adequate for a small family or couple. The lot (3,380 sqft) is slightly smaller than others on Barber Street but average for North Point Douglas. It provides a decent outdoor space, though it is smaller than the typical lot found in suburban areas of Winnipeg.
4. What can the 2018 sale price tell me?
The property sold between $100k-$150k in March 2018. This historical data point shows significant appreciation in assessed value since that time and can help inform an understanding of the area’s market trends, but does not dictate current market value.
5. How can I get exact historical sale prices?
The displayed sold price is an estimated range. To obtain verified, exact sale figures, you must request a manual lookup via email through the site, as this information is not sourced from the MLS system.