Property Overview: 112 Barber Street, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 112 Barber Street in North Point Douglas presents a distinct profile defined by its historic roots and land value. Built in 1907, it offers a modest 1,072 sqft of living space, which is smaller than many area homes. Its most defining characteristic is its exceptionally low municipal assessed value of $88,000, placing it in the bottom tier for the street, neighborhood, and city. This suggests it may require significant updates or investment.

The primary appeal lies in its generous 4,969 sqft lot, which is well above average for both the street and the immediate area. This creates a notable land-to-structure ratio, positioning the property as a canvas for renovation, expansion, or long-term land value speculation. The recent sale price (within a $50k-$100k band in 2023) aligns with this value proposition.

This property would best suit a specific type of buyer: hands-on renovators looking for a footprint to customize, investors focused on the underlying land asset in a transitioning neighborhood, or buyers with a very constrained initial budget who are prepared to invest sweat equity or capital over time. It is less suited for those seeking a move-in-ready home or who are not prepared for a project.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the city average?
The assessed value is typically based on the property's current state, market factors, and recent sales. A value this far below averages, especially for the lot size, strongly indicates the home itself requires major modernization or repairs, and the assessment reflects those conditions.

2. What does the large lot size mean for me?
Beyond extra outdoor space, a lot size that is above average for the area provides flexibility. It could allow for additions like a garage, a garden suite (subject to zoning), or a significantly enlarged home. It also means a greater portion of your investment is in the land itself, which can be a stabilizing factor.

3. The home is over 115 years old. What should I consider?
While charming, a home from this era likely has outdated systems (plumbing, electrical, insulation) that may need complete upgrading to modern standards. A thorough inspection is essential to understand the scope and cost of necessary foundational, structural, and mechanical updates.

4. The sold price shows a range. How can I get the exact figure?
The site notes that exact sold prices are not displayed publicly due to data source rules. You can request the exact history via email from the provider, who will manually look it up and send it to you.

5. How does the neighborhood context affect this property's potential?
North Point Douglas is a historic core neighborhood. Its future value will be tied to broader area revitalization trends. The low entry point offers potential upside if the neighborhood continues to develop, but it also means amenities and streetscapes may be in flux. It’s wise to research area plans and spend time in the locality at different hours.