Property Overview: 18 Douglas Lawrence Bay, Winnipeg
Key Characteristics & Appeal
This 1981-built home in River East offers a well-proportioned living space of 2,207 sqft on a generous 7,683 sqft lot. Its primary appeal lies in its strong positional value within its broader market. While the home is fairly typical for its immediate street, it stands out significantly when compared to the wider neighborhood and city. It ranks in the top 7% of River East for living area and the top 13% city-wide for lot size, offering more space than most comparable Winnipeg homes. With an assessed value of $486,000, it sits above area and city averages, suggesting a property that has been maintained or configured in a way that commands a premium relative to its peers.
This property would suit buyers looking for an established home in a mature neighborhood who prioritize above-average interior and exterior space. It’s a practical choice for those who want room to grow or simply enjoy more spacious surroundings without venturing into brand-new, premium-priced subdivisions. The data also suggests it may appeal to value-conscious buyers who see the benefit in a home that outperforms its local market averages, potentially offering a sound foundation for long-term value.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
The home last sold in 2016 for an estimated $400k–$450k. Its current assessed value of $486k is above the street’s average, indicating a positive shift. For precise, verified sale figures, a manual records lookup is available upon request.
2. Is the 1981 build year a concern?
The year is average for the street and neighborhood. Homes from this era often feature more standardized construction and room for modernization, which can be an opportunity for buyers looking to add personal value through updates.
3. What does the "Above Average" ranking for lot size mean practically?
With a lot size in the top 13% city-wide, this property offers substantial outdoor space compared to the typical Winnipeg home. This allows for greater privacy, landscaping potential, or room for additions like a shed, garden, or deck.
4. The assessed value is above neighborhood and city averages. Does that mean it’s overpriced?
Not necessarily. A higher assessment can reflect desirable attributes not captured in basic metrics, such as upgrades, a premium layout, or exceptional condition. It positions the home in a higher tier within its market, which may be justified by its features.
5. Can I see how this property compares visually to its neighbors?
Yes. A neighborhood analysis map is available to view this property alongside nearby homes, allowing for direct comparison of lot size, building footprint, and age.