Property Overview: 200 Austin Street N, Winnipeg
Key Characteristics & Appeal
This home in North Point Douglas is defined by its generous scale and established lot. Built in 1903, it offers substantial living space of 2,306 sq ft, which ranks in the top 5% for the neighbourhood and city-wide, making it a notably spacious offering. The lot size of 5,210 sq ft is also well above average for the area. Its assessed value of $157k is typical for the immediate vicinity but sits significantly below the Winnipeg city average, presenting a specific value proposition. The home’s appeal lies in this combination of ample interior and exterior space at a price point anchored in its historic neighbourhood. It would suit a buyer looking for a project-ready character home with room to grow, an investor seeking a property with substantial footprint and value-add potential, or someone prioritizing space over a modern build, who is comfortable in an evolving urban community.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The property sold twice in recent years: between $150k-$200k in late 2022 and between $200k-$250k in early 2024. The current assessed value of $157k is closer to the earlier sale, suggesting the assessment may lag behind the most recent market activity.
2. What does the "below average" year built ranking mean for me?
Built in 1903, the home is older than most in the city. This typically indicates strong character but also means potential buyers should budget for and prioritize inspections for foundational integrity, wiring, plumbing, and insulation, which may not meet modern standards.
3. The living area is in the top 5%, but the value is average for the area. Why?
This highlights the core dynamic of this property: you are paying primarily for significant square footage and land, not for premium finishes, modern updates, or location within a higher-priced area. The value is in the raw space and potential.
4. Is the sold price data shown here exact?
No. The figures provided are estimated ranges. To obtain the exact historical sale prices, you must request them directly from the site via email, as they do not have access to official MLS sales records.
5. What is the immediate neighbourhood context?
The data shows the home's metrics are generally strong within North Point Douglas. However, its city-wide rankings reveal a clear picture: elite for space, but below average for assessed value compared to Winnipeg overall. This underscores that its appeal is highly specific to the balance of space and price within this particular community.