Property Overview: 55 Disraeli Street, North Point Douglas, Winnipeg

Key Characteristics & Appeal

This home presents a compelling mix of space, value, and character in Winnipeg's North Point Douglas neighborhood. Built in 1904, it offers 1,281 sqft of living area, which is notably above average for its immediate street. The lot size of 4,098 sqft is also generous compared to other properties in the area. Its primary appeal lies in its value proposition: with an assessed value of $124,000, it sits significantly below the Winnipeg citywide average, offering an accessible entry point into the market. This is a property with clear roots, offering more interior space than many neighbors and a sizable yard for its urban locale.

It would best suit a value-conscious buyer, such as a first-time homeowner or an investor, who is comfortable with a century-old home and sees potential in its established footprint. The numbers suggest you are paying primarily for the structure and land in a transitioning neighborhood, rather than for premium finishes or a modern build. A thoughtful buyer might appreciate the less obvious opportunity here: the chance to own a relatively spacious piece of property in a central location, where the investment is in the physical asset itself rather than in inflated citywide valuations.

Frequently Asked Questions

1. How does the assessed value compare to recent sale prices on the street?
The home sold between $100,000-$150,000 in September 2020. Its current assessed value of $124,000 is below the street's average assessment, suggesting the valuation is in line with or below recent market activity on Disraeli Street.

2. Is the house older than others nearby?
Yes, built in 1904, it is older than the average home on its street (avg. ~1917) and significantly older than the Winnipeg citywide average. Buyers should budget for maintenance and updates appropriate for a 122-year-old structure.

3. How does the lot size compare?
The 4,098 sqft lot is above average for the North Point Douglas area, providing more outdoor space than many nearby properties. However, it is below the average lot size for the city as a whole.

4. Where can I see exact historical sale prices?
The exact sold price is not publicly displayed. You can request the full transaction history and exact figures via email from the site, which will provide a manual lookup.

5. What does the "city-wide below average" assessment mean for value?
While the assessed value is around average for the immediate area, it ranks in the top 99% lowest assessments citywide (i.e., it's much lower than most Winnipeg homes). This highlights the neighborhood's value differential from the broader market and underscores the importance of evaluating comps within North Point Douglas specifically.