Property Overview: 87 Lusted Avenue, North Point Douglas
Key Characteristics & Appeal
This home presents a distinct value proposition centered on spaciousness and relative affordability within its immediate community. At 2,175 sqft, its living area is notably larger than most homes in North Point Douglas, the surrounding streets, and even the Winnipeg average, placing it in the top 6-7% locally. Built in 1940, it is also a more modern structure compared to many of its neighbourhood peers. The assessed value of $256k is elite for the area (top 5%), indicating it is a higher-value asset within North Point Douglas, though it sits below the city-wide average for home values. This creates an interesting dynamic: you are acquiring a significantly larger and more modern home for the neighbourhood, but at a price point that remains accessible compared to broader Winnipeg standards.
Its primary appeal lies in offering substantial interior space on a standard city lot. It would suit a buyer looking for room to grow without the premium price tag of more expensive suburbs, or an investor seeking a sizable property in a transitioning area. A thoughtful perspective is recognizing this as a "neighbourhood-anchor" property—its above-average metrics suggest it could play a role in positively influencing area valuations over time.
Frequently Asked Questions
1. Why is the assessed value so high for the area?
The assessment reflects the property's substantial size (2,175 sqft) and more recent year of build (1940) compared to many neighbouring homes. It is valued among the top 5% of properties in North Point Douglas by this metric.
2. How does the lot size compare?
The land area of 3,963 sqft is very typical for both Lusted Avenue and the North Point Douglas area, but is below the city-wide average, which includes many newer suburbs with larger lots.
3. What is the recent sales history?
Records indicate it sold between $250k-$300k in February 2019. For fully verified and exact historical sale figures, you can request a manual lookup via email from the site.
4. Is this a good investment compared to the whole city?
The data shows a split story: the home is above average in size and modernity for its area, but its value is below the Winnipeg average. This can represent an opportunity to acquire more house for your dollar within a specific community, with potential tied to the neighbourhood's trajectory.
5. What are the comparable nearby properties like?
Nearby homes on Lusted Avenue and in North Point Douglas vary widely in size, age, and value. This property stands out for its combination of larger living area and higher assessed value, suggesting it is one of the more substantial homes in the vicinity.