Property Overview: 92 Barber Street, Winnipeg
Key Characteristics & Appeal
This home at 92 Barber Street in North Point Douglas is a practical, century-old property built in 1923. Its key characteristic is its value proposition within the city’s market. With an assessed value of $122,000, it sits well below the Winnipeg citywide average, offering a notably affordable entry point into homeownership. The 990 sqft living area is compact, ranking below average for the street and city, suggesting a efficient, manageable layout.
The appeal lies in its balance of a modest home on a relatively generous lot. The land area of 4,098 sqft is above average for both the immediate street and the broader North Point Douglas area, presenting a valuable canvas for gardening, outdoor space, or future expansion. This creates an interesting dynamic: a smaller interior footprint on a larger-than-typical lot for the neighbourhood.
This property would suit first-time buyers or investors seeking a low-cost entry with land potential. It’s for those comfortable with a home that requires personalization and who value outdoor space over expansive interior square footage. Its recent sale history (last sold between $100k-$150k in early 2019) confirms its position in the affordable segment. A thoughtful perspective is that this home represents a pure value play on land within an evolving inner-city neighbourhood, rather than a move-in-ready showcase.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value of $122k is for municipal tax purposes. Market value is determined by current supply, demand, and the property's condition, and can be higher or lower. The last known sale was between $100,000 and $150,000 in January 2019.
2. What does the living area being "below average" practically mean?
At 990 sqft, the home is about 350 sqft smaller than the average home on Barber Street. This typically indicates fewer or more compact rooms, efficient common areas, and potentially fewer bathrooms. It’s a manageable size for a small household.
3. Why is the land area highlighted as a positive feature?
The lot size of 4,098 sqft is larger than about 75% of lots in North Point Douglas. This is a significant asset, offering more privacy, yard space, and future potential (like adding a garage or deck) than many neighbouring properties.
4. What should I consider about a home built in 1923?
While the building age is typical for the area, a home over 100 years old will likely have older mechanical systems (like plumbing and wiring), windows, and insulation. A thorough inspection is essential to understand the condition and any needed updates or repairs.
5. How can I find out the exact past sale prices?
The site provides sold price ranges for general research. To obtain verified, exact sale figures from the full transaction history, you must request a manual lookup via email from the service provider, as they do not display MLS data directly on the site.