Property Overview: 285 Douglas Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 1956-built home in River East presents a clear value-oriented proposition. Its key characteristic is a significant price advantage, with an assessed value well below area averages. At 935 sqft, the living space is modest and below typical neighborhood and city sizes, but it sits on a notably larger-than-average 7,432 sqft lot for Winnipeg.
The appeal lies in its affordability and land potential. It suits first-time buyers seeking an entry point into the market, practical downsizers who prioritize lot size over interior square footage, or investors looking for a property with redevelopment potential given the sizable lot. A less obvious perspective is that a home priced below typical area comparables can offer more financial flexibility for renovations or additions, allowing a buyer to customize the space over time without immediately over-investing for the neighborhood.
Section 2: Frequently Asked Questions
1. Is the home’s below-average assessed value a red flag?
Not necessarily. The data shows it is consistently valued lower than comparable homes on its street, in River East, and across Winnipeg. This typically indicates a more affordable entry point, but it’s essential to understand the specific reasons, which could include the home’s age, condition, or smaller living area, through a professional inspection.
2. How does the lot size compare to nearby properties?
The land area is a standout feature. It is larger than the average lot in both the broader River East neighborhood and across the city of Winnipeg, offering more outdoor space than many comparable properties.
3. What is the likely sold price range?
Public data indicates a sold price between CA$200k–250k in September 2023, which aligns with its lower assessed value. For verified, exact historical sale figures, a manual lookup through the site is required.
4. Who might this property not suit?
Buyers seeking a move-in-ready home with modern, spacious interiors may find the below-average living area and 1956 vintage requires compromise or immediate investment. It is better suited to those with renovation plans or who value land over interior size.
5. How does its age compare to other homes in the area?
Built in 1956, it is older than the average home on Douglas Avenue and in the River East neighborhood. This suggests potential for character but also means systems (like plumbing, electrical, or the roof) may be due for updates or careful inspection.