Property Overview: 163 Austin Street N, North Point Douglas, Winnipeg
Key Characteristics & Appeal
This is a modest, historic home built in 1905, offering an entry point into Winnipeg’s housing market. Its key characteristic is its scale: at 816 square feet of living space on a 2,982 sqft lot, it is notably compact compared to most homes on its street, in North Point Douglas, and across the city. This translates to a lower assessed value of $124k, which is below the street average but aligns more closely with the typical home value in the immediate neighbourhood.
The primary appeal lies in its affordability and lot potential. For the price-conscious buyer, it represents a rare city-wide value, with an assessment significantly below the Winnipeg average. The lot, while smaller than area norms, still provides outdoor space in a central location. This property would suit a first-time buyer, an investor looking for a manageable rental property, or someone seeking a minimalist footprint without leaving the city. Its age suggests potential character but also implies a need for careful inspection regarding updates and maintenance. A thoughtful perspective is that its smaller size and lower taxes could align well with a lifestyle prioritizing financial flexibility over space, and its established neighbourhood location offers proximity to the downtown core.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value of $124k is for municipal tax purposes. Market value (what a buyer might pay) is determined by recent sales, condition, and market demand, and can be higher or lower.
2. What does the "Sold 3/2018 CA$50k–100k" price range indicate?
It shows the home sold for between $50,000 and $100,000 in March 2018. The wide range is due to public data limitations; you can request the exact historical sold price from the site via email.
3. Given the home's age (1905), what should I be concerned about?
Homes of this vintage may have outdated electrical, plumbing, or insulation. A thorough home inspection is essential to identify needs for modernization, potential structural issues, and to estimate renovation costs.
4. How does the living area compare to nearby homes?
At 816 sqft, it is significantly smaller than the average home on Austin Street N (~1,565 sqft) and in North Point Douglas (~1,321 sqft). This confirms it's a compact, efficient layout.
5. Why is the city-wide assessed value average so much higher at $390k?
The Winnipeg average includes many newer, larger homes in suburban areas. This property’s assessment reflects its older, smaller size and its location in a central, established neighbourhood, highlighting its relative affordability within the city.