Property Overview: 98 Lorne Avenue, North Point Douglas, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct profile within its North Point Douglas neighbourhood. Built in 2010, it is a modern outlier on a street and in an area dominated by much older housing stock, offering the advantages of contemporary construction. With 1,110 sqft of living space, it is functionally sized and sits on a standard city lot. The assessed value of $214k is notably higher than the local area average, reflecting its newer build, but remains well below the wider Winnipeg city average.
Its primary appeal lies in this combination of a relatively new build within an established, historically rich inner-city neighbourhood. It suits buyers looking for a low-maintenance, modern home without the premium price tag of newer suburban developments. It’s a practical choice for first-time homeowners, small families, or investors seeking a property with potentially lower immediate repair costs compared to the century homes common to the area. A thoughtful perspective is that this property represents the ongoing evolution of the neighbourhood, offering modern comforts while its value is more directly tied to local market dynamics than to city-wide trends.
Section 2: Frequently Asked Questions
1. Why is the assessed value so high for the area?
The assessment is significantly influenced by the home's year of construction (2010). Being one of the newest homes in North Point Douglas, it carries a valuation premium for its modern systems, materials, and building code compliance compared to neighbouring, often century-old, properties.
2. How does the sold price range compare to the assessment?
The home sold between $150k-$200k in October 2024. This final sale price came in below the $214k assessed value, which is an important data point for understanding the current market value versus the city's assessment for tax purposes.
3. What does the "below average" city-wide land area mean?
The lot size is 3,270 sqft, which is standard for many older Winnipeg neighbourhoods but is below the city-wide average that includes newer suburbs with larger lots. It provides typical yard space for the inner-city but may not suit those seeking extensive outdoor acreage.
4. Are there other modern homes nearby?
This home is an exception. The data shows it is the newest on its street (ranked 1 of 25) and among the newest in the entire North Point Douglas area (ranked 15 of 631), meaning most immediate neighbours are historic character homes.
5. Where can I verify exact historical sale prices?
The site notes that exact sold prices are not displayed publicly due to industry rules. They offer a manual lookup service via email to provide verified transaction history and exact figures upon request.