Property Overview: 191 Douglas Park Road, Winnipeg
Key Characteristics & Appeal
This is a well-situated two-storey home in Bruce Park, built in 1918, offering a blend of historic charm and practical updates. Its key feature is a renovated basement, adding valuable finished living space to the 1,480 sqft main floors. The property includes a detached garage and sits on a 4,533 sqft lot.
The appeal lies in its balance and location. While the lot size is smaller than others on Douglas Park Road, it is very typical for the broader Bruce Park neighbourhood and the city overall. The living space is notably above average for Bruce Park, suggesting a comfortable interior size relative to the area. A thoughtful perspective is that the home’s lower assessed value compared to its immediate street could represent a more accessible entry point into a desirable road, while the recent sale price indicates the market recognizes its value. The renovated basement is a significant functional advantage, offering flexibility for recreation, guests, or a home office.
This property would suit a buyer looking for character in a established neighbourhood who values move-in readiness from the basement renovation. It’s ideal for someone who prioritizes efficient, manageable outdoor space over a very large yard, and for those who see the value in a home that stands out positively within its wider community context.
Frequently Asked Questions
1. Is the smaller lot size a disadvantage?
While the lot is below average for Douglas Park Road specifically, it is very much in line with the typical Bruce Park neighbourhood and Winnipeg city averages. It offers a manageable yard with less maintenance.
2. What does the year built (1918) mean for upkeep?
A home of this age will have character but requires a diligent maintenance mindset. Prospective buyers should prioritize a thorough inspection to understand the condition of major aging components like plumbing, electrical, and the foundation.
3. The assessed value seems low. Why?
Property assessments are for tax purposes and don't always reflect current market value. The recent sale price of $43.10k is a more accurate indicator of its market worth. The lower assessment relative to the street may result in proportionally lower property taxes.
4. How does the living area compare?
This is a strong point. With 1,480 sqft, the home offers more living space than most in the Bruce Park area, which is a practical advantage not always found in older homes.
5. What is the significance of the renovated basement?
This is a major functional upgrade. It adds flexible, finished space that immediately increases the home's usability without the need for a future renovation project, adding to its move-in readiness.