Property Summary: 278 Austin Street N, North Point Douglas, Winnipeg
Key Characteristics & Appeal
This 1,595 sqft home, built in 1934, sits on a generous 4,995 sqft lot in North Point Douglas. Its primary appeal lies in offering above-average space for the area at a value-conscious price point. The living area ranks in the top quarter of homes in the neighbourhood, providing more room than most local and city-wide comparables. Similarly, the lot size is notably larger than many in North Point Douglas, suggesting potential for outdoor space or expansion.
The home’s assessed value of $164k is aligned with the immediate street and neighbourhood averages, but sits significantly below the Winnipeg city-wide average. This highlights its positioning as an accessible entry into the market, particularly for buyers whose priority is interior and land space over a newer build or certain locations. It would suit a practical buyer—perhaps a first-time homeowner, an investor, or someone seeking a character home—who is comfortable with a property of this vintage and sees potential in its established neighbourhood footprint. The sales history indicates steady value appreciation over recent years, suggesting a stable investment in the context of this community.
Frequently Asked Questions
1. How does this home’s value compare to the rest of Winnipeg?
Its assessed value is well below the city-wide average, placing it in the bottom 4% of all Winnipeg properties for this metric. This indicates it is a value-oriented option, but it's essential to evaluate this within the context of the North Point Douglas neighbourhood, where its value is typical.
2. Is the lot size a significant feature?
Yes. At nearly 5,000 sqft, the lot is larger than approximately 86% of properties in North Point Douglas. This is a standout feature for the area, offering more private outdoor space than most neighbouring homes.
3. What does the year built (1934) mean for a buyer?
While newer than many homes on its street and in the area, a 92-year-old home will likely have character but also requires a buyer to be mindful of aging components like plumbing, electrical, and the roof. A thorough inspection is crucial.
4. The data shows past sales in 2016 and 2021. What does that trend suggest?
The sold price data indicates the home’s value increased from the lower tier (CA$100k–150k) in 2016 to a higher tier (CA$150k–200k) in 2021. This suggests a pattern of appreciation, though past performance is not a guarantee of future value.
5. Are the sold prices shown the exact amounts?
No. The figures provided are estimated price ranges. To obtain the exact historical sold prices, you must request a manual lookup from the site via email, as they do not display MLS data directly.