Property Overview: 40 Hallet Street, North Point Douglas

Key Characteristics & Appeal

This home at 40 Hallet Street is a classic Winnipeg character property, built in 1904, offering a blend of historic charm and practical metrics for the neighbourhood. With 1,292 sqft of living space, it sits comfortably within the average range for both the immediate area and the wider city, suggesting a manageable layout. The lot size of 3,268 sqft is also typical for Hallet Street, providing a decent urban yard.

Its primary appeal lies in its strong position within the local market context. The assessed value of $182k is notably above the street average, often a sign of better maintenance, updates, or desirable lot attributes compared to its immediate neighbours. This creates a potential value proposition for a buyer who sees opportunity in a well-regarded home on a street where many properties are valued lower. However, it’s important to note this value is significantly below the Winnipeg city average, highlighting the neighbourhood's more affordable price point.

This property would suit a pragmatic buyer looking for character in an established, transitioning neighbourhood like North Point Douglas. It’s ideal for someone who values space and history over modern city-wide averages, and who understands that investment here is deeply tied to the street and area's trajectory rather than broader market trends. The data suggests a buyer comfortable with a home that stands out on its block for its higher valuation, possibly seeing it as a marker of stability or upside potential within the community.

Frequently Asked Questions

1. Why is the assessed value above average for the street but below average for the city?
This is common in historic, centrally located neighbourhoods. It indicates the property is well-positioned within its immediate community, but that the area overall has more modest valuations compared to newer or suburban parts of Winnipeg. It reflects a purchase focused on local value.

2. What should I consider with a home built in 1904?
While offering charm, a home of this age requires careful attention to foundational upkeep, wiring, plumbing, and insulation. A thorough inspection is essential. The data shows it's among the older homes city-wide, but is actually around the average age for its specific area, meaning local contractors may be more familiar with its style of construction.

3. How meaningful are the lot and living area rankings?
The rankings show the home is not an outlier in size; it provides standard space for North Point Douglas. This can be an advantage, as overly large or small properties can be harder to value or maintain. It represents a typical urban footprint for the neighbourhood.

4. The last sold price is shown as a range from 2017. How can I get the exact history?
As noted on the detail page, exact sold prices are provided manually via email request due to data source rules. The provided range from 2017 (between $150k-$200k) offers a general historical benchmark, showing the current assessment is consistent with that past transaction range.

5. What does the "below average" city-wide ranking for land area really mean?
This primarily reflects that urban infill lots in older neighbourhoods are generally smaller than those in post-war suburban developments. A ~3,200 sqft lot is a full-sized city lot in areas like North Point Douglas, but is compact compared to the 6,570 sqft city average that includes vast suburban yards. It's about aligning expectations with an urban lifestyle.