Property Overview

112 Lisgar Avenue presents a distinct profile within Winnipeg's North Point Douglas neighborhood. Its appeal is rooted in a combination of modern construction and a value position that stands out locally, offering a specific opportunity in the market.

Key Characteristics & Appeal

This is a relatively modern home, built in 2006, which is a significant characteristic in an area dominated by heritage properties. With 1,056 sqft of living space and a 3,393 sqft lot, its size is typical for the immediate street and neighborhood. The primary appeal lies in its assessed value of $222,000, which ranks it well above average for both Lisgar Avenue and North Point Douglas. This suggests a property in better condition or with more features than many of its immediate peers, yet it remains positioned below the city-wide average for home values. This creates a unique niche: it offers modern systems and likely lower maintenance compared to century-old neighbors, within a more accessible price bracket.

The property would suit practical, value-conscious buyers looking for a move-in-ready home without the surprises often found in much older houses. It’s also a sensible option for those committed to the North Point Douglas community but seeking a newer build. The recent sale history indicates active interest and a market that recognizes its standout value within the local context.

Frequently Asked Questions

1. Why is the assessed value so much higher than neighboring homes?
The assessed value is significantly higher than many neighbors primarily because it's a much newer construction (2006 vs. early 1900s for many on the street). This typically means modern building materials, electrical, plumbing, and heating systems, which are reflected in a higher valuation.

2. How does the lot size compare?
At just under 3,400 sqft, the lot is fairly standard for the area. It offers adequate outdoor space but is notably smaller than the average lot across Winnipeg, which is a common trade-off for homes in older, established inner-city neighborhoods.

3. What does the sale history tell us?
The property sold recently in late 2024 and previously in late 2022. This activity shows consistent market interest. The sold price ranges indicate it has maintained a value premium over older homes on the street, confirming its perceived desirability within the local market.

4. Is this a good option compared to homes in other city areas?
This depends on priorities. City-wide, this home's living space and lot size are below average, and its value is in a more affordable tier. Its strength is its relative newness and condition within its own neighborhood. It's a strong local option but represents a different proposition than a similarly priced home in a suburb, which might be older or on a larger lot.

5. What are the potential drawbacks of a newer home in this area?
While modern construction offers many benefits, a 2006 home in a neighborhood of century-old houses may have a different architectural character or style. Buyers should consider if the home's design and era fit their aesthetic preferences for the area.