Property Overview: 548 Doucet Street, Winnipeg
Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1912, presents a classic character property with practical considerations. Its 800 sqft living area is modest, placing it below the citywide average, which suggests a cozy, efficient layout rather than expansive rooms. The home features a basement that has not been renovated and does not include a garage or pool.
The appeal lies in its position as an honest, entry-level property in the Dufresne neighbourhood. A standout feature is its 3,423 sqft lot, which is above average for Doucet Street, offering valuable outdoor space and potential in a city where land is a premium asset. With an assessed value of $210k, it sits well below the Winnipeg average, indicating a relatively accessible price point. The home last sold in 2021 for $230k.
This property would suit first-time buyers or pragmatic investors looking for a foothold in the market without a premium for modern finishes. It’s for someone who values a larger yard over a larger house and sees potential in a solid, century-old structure. The unrenovated basement is a blank slate, allowing a new owner to customize without undoing recent work.
Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean?
This is a common Winnipeg architectural style, typically featuring a full main floor and a second floor with sloped ceilings where the roofline begins, creating cozy, character-filled bedrooms.
2. How does the assessed value relate to the likely selling price?
The assessed value ($210k) is for municipal tax purposes. The last sale price was $230k in 2021. The current market price will be influenced by today’s conditions, but this gap provides a useful benchmark for discussion.
3. What are the implications of an unrenovated basement?
It offers both a project and an opportunity. While it will likely require investment to finish, it allows you to customize the space to your needs from the start, without paying a premium for someone else’s choices or needing to tear out existing work.
4. Is the property small compared to the neighbourhood?
The living space is actually below the average for both Doucet Street and the wider Dufresne area. This reinforces its role as a more compact, affordable option within the community.
5. With no garage, what are the parking options?
The property listing does not specify a driveway. Parking would typically be on-street. It’s advisable to check with the city for any permit requirements and to observe the typical parking availability on the street.