Property Overview: 234 Austin Street N, North Point Douglas, Winnipeg
Key Characteristics & Appeal
This home stands out for its generous scale and significant lot size within its established North Point Douglas neighbourhood. Built in 1933, its primary appeal lies in offering substantial space, with nearly 3,000 sqft of living area and a lot over 7,300 sqft. These features rank it in the top 5% of homes on its street and in the wider area, making it a notably spacious property for the location. The assessed value of $280k is above average for the immediate vicinity, suggesting a perceived premium for its size and potential, though it sits below the city-wide average, indicating a value proposition rooted in the neighbourhood.
This property would suit a buyer looking for a project or a large canvas, potentially a multi-generational family, an investor, or a homeowner who values ample indoor and outdoor space over a newer build. Its character and proportions are rare for the area, offering a sense of privacy and room to grow that is hard to find at this price point in the city. A thoughtful perspective is that while the home is older, its above-average lot and living area rankings suggest it was a substantial property for its time and may offer architectural character or a layout not found in newer builds.
Frequently Asked Questions
1. How does the sold price history inform the current value?
The property last sold between $300k-$350k in January 2022. This past sale, ranking in the top 4% for the street, supports that its large size commands a premium in the local market, but it's essential to get exact figures and consider current condition and market changes.
2. What does the "below average" city-wide assessed value really mean?
While the $280k assessment is high for North Point Douglas, it's below the Winnipeg average of ~$390k. This highlights the neighbourhood's overall affordability and suggests you are acquiring significant physical space for a lower entry price than in many other city areas.
3. Is the large lot size a benefit for future plans?
The 7,338 sqft lot is significantly larger than area averages. This not only provides more privacy and yard space but may also offer future potential for additions, gardens, or other outdoor uses, subject to local zoning regulations.
4. What should I consider about a 93-year-old home?
The year built (1933) is around average for the street. Buyers should budget for and investigate the condition of major aging components like the foundation, roof, plumbing, and electrical systems, while also appreciating the potential for classic craftsmanship.
5. How can I verify the exact historical sold prices?
The site notes that exact sold prices are not displayed publicly due to industry rules. You can request the full transaction history via email from the provider, who will manually look up and send the verified figures.