Property Overview: 292 Houde Drive, Winnipeg
Key Characteristics & Appeal
This 896 sqft home, built in 1971, presents a practical and affordable entry point into Winnipeg’s Parc La Salle neighborhood. Its primary appeal lies in its value proposition. With an assessed value significantly below area and city averages, it offers a lower financial barrier to homeownership. The home is notably newer than many others on its own street, suggesting potentially fewer immediate concerns related to the age of core components compared to its direct neighbors.
The property suits first-time buyers, investors, or downsizers seeking a manageable space without a premium price tag. Its smaller lot and living area translate to lower maintenance and utility costs, a practical advantage for those prioritizing efficiency over size. A thoughtful perspective is that this home represents a "value-play" in its immediate vicinity—it allows one to live in a specific street and neighborhood while carrying a property tax burden based on a well-below-average assessment. However, buyers should be prepared for a compact layout and a smaller outdoor space, as both the house and lot are notably below the local averages in size.
Frequently Asked Questions
1. Why is the assessed value so much lower than the neighborhood average?
The assessed value is based on a combination of factors including living area, lot size, age, and market trends. This home’s below-average square footage and smaller lot size are the primary drivers of its lower assessment compared to larger homes in Parc La Salle.
2. What does the sold price range (CA$150k–200k) from 2023 indicate?
This past sale price, which ranked in the top 97-98% for value on the street and in the area, confirms the property’s position as a more affordable option. It aligns with the trend of it selling for less than the average home nearby.
3. Is the smaller living area a major drawback?
It depends on your needs. At 896 sqft, the home is compact and requires efficient use of space. It is ideal for individuals, couples, or small families who prioritize affordability and lower maintenance over spaciousness.
4. How does the year built (1971) compare to other homes?
On Houde Drive, this home is actually above average in age ranking, meaning it is newer than most of its immediate neighbors. Compared to the wider city, it is around average. This suggests the building itself is not unusually old for Winnipeg.
5. How can I get the exact historical sold prices for this property?
The displayed sold price is an estimated range from public records. For fully verified and exact transaction figures, you must request a manual lookup from the site via email, as they do not display proprietary MLS sold data.