225 Austin Street N

Property Overview: 225 Austin Street N, North Point Douglas, Winnipeg

Key Characteristics & Appeal

This home, built in 1939, stands out primarily for its exceptionally generous living space. At 2,754 sqft, its interior size ranks in the top 5% on its street and the top 2% within the wider North Point Douglas area, offering significantly more room than typical local and city-wide comparables. This creates a compelling value proposition: it carries an assessed value that is elite for the immediate neighbourhood but notably below the Winnipeg city average, suggesting you get substantial square footage without the premium price tag of many other city districts.

Its appeal lies in this unique combination of space and value within an established, close-knit community. The lot size is consistent with area norms, and the home’s age, while older, is actually newer than many neighbouring properties. It would suit value-conscious buyers looking for a large family home or those with a vision for a multi-unit living arrangement (subject to zoning verification) who are drawn to character neighbourhoods. It’s also a noteworthy option for investors or owner-occupants comparing space per dollar, as the metrics indicate a property that outperforms its local market in key areas.

Frequently Asked Questions

1. Why is the assessed value so high for the neighbourhood, yet low for the city?
The assessed value of approximately $254k is in the top 5% for North Point Douglas, reflecting the home’s standout living area. However, average assessed values across Winnipeg are significantly higher (over $390k), so the same figure falls in the bottom 20% city-wide. This highlights the property’s relative premium locally and its potential as a more affordable entry point for a home of this size compared to other city areas.

2. How does the sold price history inform the current value?
The home sold in 2020 and 2017, both times within the $200k-$250k range. These sale prices were in the top 10% for the area at those times, confirming a consistent market recognition of its above-average value within North Point Douglas.

3. What does the "Elite" ranking for living area actually mean?
It means this home is larger than 95% of comparable homes on Austin Street N and 98% of those in the broader North Point Douglas area. With living space nearly double the local average, it offers rare interior volume for this community.

4. Are there any concerns with a home built in 1939?
While the home is 87 years old, it’s actually newer than many on its street and in the area, where average build years are 1926 and 1922, respectively. This suggests it may have undergone updates or been built with somewhat newer materials and standards than immediate neighbours, though a thorough inspection is always recommended.

5. How can I verify the exact past sold prices?
The site provides sold price ranges for general research. Due to data licensing, obtaining the exact historical sale figures requires a manual lookup. You can request this information directly via email through the provided form on the property page.