Property Overview: 72 Lusted Avenue, North Point Douglas, Winnipeg
Key Characteristics & Appeal
This home at 72 Lusted Avenue presents a practical opportunity in Winnipeg's North Point Douglas neighbourhood. Built in 1915, it offers 1,438 sqft of living space, which is comfortably sized and typical for both the immediate street and the broader area. The assessed value of $124k is notably below the Winnipeg city average, positioning it as an accessible entry point into the market.
The primary appeal lies in its value proposition. For a buyer comfortable with a character home, it offers more interior space than many city-wide comparables at a significantly lower tax-assessment base. Its lot, while smaller than many in the city, is manageable and requires less upkeep. This property would suit a first-time buyer, an investor looking for a rental property, or a pragmatic owner seeking to minimize their property tax burden while securing a home with solid interior space. A thoughtful perspective is that its older vintage (1915) is actually above average for its street, suggesting it's among the more established homes in the immediate block, which can appeal to those valuing neighbourhood character over newer construction.
Frequently Asked Questions
1. How does the assessed value compare to likely market value?
The assessed value of $124k is for municipal tax purposes. Market value is determined by recent sales of similar homes, buyer demand, and condition. The last known sale was between $100k-$150k in 2017.
2. What does the lot size mean for outdoor space?
At 3,065 sqft, the lot is smaller than the average for Winnipeg. This means lower maintenance but may limit options for large additions, decks, or extensive landscaping compared to properties on larger lots.
3. Is the older year of build a concern?
A home from 1915 will likely require careful attention to foundational, electrical, and plumbing systems. Potential buyers should prioritize a thorough inspection. Conversely, it may feature character details not found in newer builds.
4. How does this home rank compared to its neighbours?
The data shows it's generally around average for North Point Douglas in terms of living space and value, but on a newer side for its specific street. This indicates it fits the local context without standing out as unusually large, small, or high-valued.
5. Where can I get verified sales history for this property?
The site notes that exact sold prices are not displayed due to industry rules. They offer a manual lookup service; you can request the exact sales history by email, and they will provide it directly without using your email for marketing.