Property Overview: 229 Austin Street N, North Point Douglas
Key Characteristics & Appeal
This home at 229 Austin Street N is a 1,320 sqft character property built in 1906, presenting a classic opportunity in Winnipeg's North Point Douglas neighbourhood. Its primary appeal lies in its value proposition: with an assessed value of $135k, it sits well below the city-wide average, offering an accessible entry point into homeownership or investment. The living space is practical and aligns closely with the average for both the area and the wider city.
The lot size of 2,134 sqft is notably compact, even for this neighbourhood. This isn't necessarily a drawback; it translates to lower maintenance and could be a smart fit for those seeking a manageable outdoor space without the upkeep of a larger yard. The home’s age (120 years) suggests potential for original character features, but also implies that a buyer's vision should accommodate the realities and potential costs of maintaining or renovating an older structure.
This property would suit a pragmatic first-time buyer comfortable with an older home, or an investor looking for a rental property in an established neighbourhood. Its below-average price point for the city allows for financial breathing room to make gradual improvements. It’s less suited for those prioritizing a large private yard or a move-in-ready, modern build without project work.
Frequently Asked Questions
1. How does the sold price compare to the assessed value?
Based on recent data, the home sold between $100k-$150k in June 2024. This range brackets the current assessed value of $135k, indicating the assessment is closely aligned with its recent market value.
2. Is the lot size a concern?
The lot is smaller than most in the area and city. This means less yard maintenance and potentially lower property taxes, but also limited space for expansions, additions, or extensive outdoor recreation. It’s a trade-off that depends on your lifestyle priorities.
3. What does the "below average" city-wide ranking for assessed value mean?
While the home’s value is around the neighbourhood average, it ranks in the bottom 2% compared to the entire city. This highlights the significant affordability of North Point Douglas relative to other Winnipeg neighbourhoods and is a key part of this property's value story.
4. Are homes from 1906 expensive to maintain?
Potentially, yes. A home of this age may have outdated systems (like plumbing or electrical), require insulation upgrades, or need foundation attention. A thorough inspection is essential. The lower purchase price can help budget for these updates, but they should be factored into your planning.
5. Can I get the exact sold price?
The public data shown is presented in a range. For the precise sale figure, you must request a manual lookup from the site via email, as they do not display MLS sold records directly. They state this service is free and that your email will not be used for marketing.