84 Granville Street

Property Overview: 84 Granville Street, Winnipeg

Key Characteristics & Appeal

This home at 84 Granville Street in North Point Douglas is a compact, historic property built in 1890, offering a distinct value proposition. Its key characteristic is its modest 812 sqft living area, which is notably smaller than most homes on its street, in the neighbourhood, and across Winnipeg. However, this is balanced by a relatively low assessed value of $145,000, which is quite average for the immediate area but sits well below the city-wide average. The lot size of 3,269 sqft is fairly typical for the neighbourhood.

The appeal lies in its position as an entry-point into homeownership, particularly for a buyer seeking a lower-priced asset with historic character in an established inner-city neighbourhood. It suits a pragmatic first-time buyer, an investor looking for a rental property, or someone seeking a minimalist footprint without a large mortgage. A less obvious perspective is that its age and smaller size could represent a lower-cost canvas for a renovation or expansion, subject to permits and investment. Its "below average" size city-wide is precisely what creates its affordability, making it a specific tool for a specific financial goal rather than a standard family home.

Frequently Asked Questions

1. Why is the living area significantly smaller than average?
As a home built in 1890, its floor plan reflects the norms and needs of that era. Many homes from this period, especially worker's cottages, were built with compact, efficient layouts compared to modern standards.

2. The assessed value seems low for the city. What does this mean for property taxes?
Yes, the assessed value is in the bottom 3% city-wide. Property taxes are calculated based on this assessed value, so this typically translates to lower annual tax bills compared to most properties in Winnipeg, which is a key ongoing cost advantage.

3. How reliable is the sold price data shown?
The sold price range provided is based on publicly available data, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup via the email service mentioned on the site.

4. What should I consider due to the home's age (136 years)?
While offering charm, a home of this age requires a diligent inspection. Potential buyers should budget for and investigate updates to major systems like wiring, plumbing, and heating, as well as the foundation and structure, to understand any needed investments.

5. Is the lot size sufficient for adding an extension or garage?
The lot is a fairly standard size for North Point Douglas. Whether an addition is feasible depends on the specific zoning bylaws, setback requirements, and the condition of the existing structure. This would require consultation with the city's planning department.