Property Overview
This is a compact, one-storey home built in 1920 on a 3,423 sqft lot in Winnipeg's Dufresne neighborhood. Its key appeal lies in its position as an affordable entry point into the housing market. At 735 sqft, the living space is modest and below average for the area, but the lot size is notably larger than many on its street, offering valuable outdoor space or future potential relative to immediate neighbors. The home features a detached garage and an unrenovated basement. Its assessed value is significantly below city averages, reflecting its basic condition and smaller size. This property would suit a first-time buyer, an investor looking for a rental property, or someone seeking a low-maintenance footprint with a decent-sized yard. It’s a practical choice for those comfortable with a home that may require updates over time, prioritizing lot size and location over move-in-ready finishes.
Frequently Asked Questions
1. What does "below average" for living area and assessed value actually mean for this home?
It means this home is smaller and valued lower than most comparable properties in its immediate area, city-wide, and even on its own street. This is the primary driver of its affordability, positioning it as a value option for buyers willing to trade square footage for price and lot size.
2. Is the large lot a significant advantage?
Yes, particularly in this context. While the lot is below the city-wide average, it ranks well above average (Top 24%) for Doucet Street itself. This means you're getting more outdoor space than most direct neighbors, which is a relative rarity and could be used for gardening, expansion, or simply more privacy.
3. Who might this property not be suitable for?
It may not suit families needing multiple bedrooms or dedicated workspaces, as the main floor living area is quite compact. It also may not be ideal for buyers seeking a fully updated, low-effort home, as the basement is noted as unrenovated.
4. The home sold for $18.1k in 2016 but is now assessed at $19.6k. What does this indicate?
The 2016 sale price is extremely low, even for a modest home, and may have been part of an estate or non-arms-length transaction. The current assessed value, while still very low, is a more relevant benchmark for municipal taxation and suggests a market value that, while affordable, is likely higher than that 2016 sale figure.
5. What should I consider about the neighborhood based on this data?
The data shows that homes in Dufresne are, on average, older, smaller, and have lower assessed values than the Winnipeg city-wide average. This indicates a mature, established neighborhood with more affordable housing stock, which can be appealing for budget-conscious buyers.