Property Overview: 82 Douglas Park Road, Winnipeg
Key Characteristics & Appeal
This is a substantial, character-filled home built in 1912, situated on an exceptionally large lot in the established Bruce Park neighbourhood. Its primary appeal lies in the combination of generous space and a premier land parcel. With 2,682 sqft of living area, the home ranks in the top 2% for size within its neighbourhood and city-wide, offering ample room for a growing or multi-generational family. The nearly 11,633 sqft lot is its most standout feature, placing it in the elite top 4% of properties city-wide for land area, which presents rare potential for gardens, expansion, or simply unparalleled privacy for an inner-city location.
The home suits buyers looking for a legacy property with "good bones" and who value land above all. It’s ideal for those who appreciate historic architecture and have the vision (and potentially the budget) for updates, as the age of the home suggests maintenance considerations. The renovated basement adds functional living space. Financially, the property holds a high assessed value, and its 2022 sale price of $1.06M confirms its position as a premium offering. This isn’t a starter home; it’s a long-term investment for buyers seeking a statement property in a quiet, mature area.
Frequently Asked Questions
Q: How does the age of the home (1912) impact ownership?
A: While it adds character, it typically means closer attention should be paid to foundational, electrical, and plumbing systems during an inspection. Modernizations have been made, like the renovated basement, but ongoing maintenance may differ from a newer build.
Q: The lot is huge. Are there any restrictions on what can be done with it?
A: This is a key question. Buyers should verify zoning bylaws with the city to understand the possibilities and any limitations for additions, outbuildings, or subdivision, which could significantly influence the property's value and utility.
Q: The assessed value is much lower than the recent sale price. Why?
A: Municipal assessed value for taxation purposes often lags behind market value, especially after a recent sale. The sale price of $1.06M is the current market indicator, reflecting the premium buyers place on the large lot and spacious home.
Q: Is the detached garage a standard size, and what is its condition?
A: The listing notes a detached garage but does not specify its size or state. This would be an important point to clarify, as it affects parking, storage, and potential workshop or project space.
Q: The home ranks low for its year built on its street. What does that indicate about the area?
A: This statistic shows that Douglas Park Road is a street of older, established homes. It suggests a neighbourhood with consistent, historic character rather than one with new infill development, which can be appealing for those seeking stability and mature landscaping.