Property Overview: 101 Disraeli Street, North Point Douglas, Winnipeg

Key Characteristics & Buyer Profile

This property at 101 Disraeli Street presents a very specific value proposition. Its most defining characteristic is its exceptionally low municipal assessed value of $44,000, which places it in the bottom tier compared to homes on its street, in North Point Douglas, and across Winnipeg. The lot size of 2,733 sq. ft. is modest for the area and notably smaller than the average lot on Disraeli Street itself. Historical data shows it last sold between 2017 and 2022 for an estimated $50,000–$100,000.

The primary appeal lies in its position as an entry-point investment or project within the city. It suits a very hands-on buyer, such as a developer or seasoned investor looking for land value or a complete redevelopment opportunity, given the home's likely older age (consistent with the area's average year built of 1922). It is less suited to a first-time homebuyer seeking a move-in-ready property and more aligned with someone with the resources and vision for a significant renovation or rebuild. A thoughtful perspective is that its low assessment and historical sale price could indicate substantial required improvements, making thorough due diligence on construction costs and permits absolutely essential.

Frequently Asked Questions

1. Why is the assessed value so much lower than area averages?
A dramatically low assessment often reflects the property's condition rather than its land value alone. It suggests the municipality has assessed the existing structure as having minimal value, which is common for homes requiring major repairs or that are considered functionally obsolete.

2. What can the past sold price tell me?
The previous sale in the $50k–$100k range confirms a long-standing pattern of low market value. It underscores that this is not a typical residential sale but likely a transaction between investors or a land sale, setting clear expectations for the required investment level.

3. Is the lot size a drawback?
At 2,733 sq. ft., the lot is smaller than many in Winnipeg but is relatively close to the North Point Douglas average. It may limit expansive backyard plans but could be sufficient for a renovated home or a new build that maximizes footprint within zoning bylaws.

4. Who would this property suit best?
It is a project property. The ideal buyer is a builder, developer, or an investor with significant renovation experience. It is not recommended for buyers without the capacity to manage a major construction project or absorb unexpected costs.

5. How do I find out the exact past sold price and full history?
The provided data is based on public records, not the MLS. For fully verified figures and a complete transaction history, you must request a manual lookup from the site via email, as industry rules prevent the display of exact MLS sold data here.