Property Overview: 517 Doucet Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1929, offers a practical and well-sized living space of 1,340 sqft on a 3,424 sqft lot. Its key appeal lies in its strong positioning within the immediate neighborhood. The living area is notably above average for both Doucet Street and the broader Dufresne area, suggesting a home that feels spacious compared to many nearby options. The lot size also offers a comfortable outdoor space relative to the local context.
The home suits buyers looking for value and character in an established neighborhood. It’s ideal for a first-time buyer or a downsizer who prioritizes more interior space over a massive yard, and who appreciates a home with history (it’s one of the newer homes on its street). The renovated basement adds modern functionality. A thoughtful perspective is that its "around average" assessed value for the area, combined with its above-average living space, could indicate a relatively efficient cost-per-square-foot compared to neighboring properties. It represents a grounded, no-frills property—no garage or pool—that delivers on core space and location fundamentals.
Frequently Asked Questions
1. How does this home compare in size to others nearby?
It ranks in the top 16% for living area on its street and in the Dufresne area, meaning it is significantly more spacious than most comparable homes in the immediate vicinity.
2. What does the assessed value tell me?
The assessed value is typical for Doucet Street and Dufresne, but below the Winnipeg citywide average. This generally reflects the neighborhood’s market and suggests property taxes may be aligned with local norms rather than citywide highs.
3. Is the lot size a constraint?
The lot is above average for the street but below the citywide average. It provides a decent yard for the area but is not an expansive property. This often translates to less exterior maintenance.
4. The home was built in 1929. What should I consider?
While older, it is actually one of the newer homes on its block (top 12% for year built on Doucet Street). Buyers should still budget for potential updates expected for a home of this age, but it may have seen more modernizations than some neighbors.
5. How does the last sale price relate to the current assessed value?
The home sold for $190,000 in 2019. The current assessed value is $22,200 (in thousands). It’s important to note that assessed value is for taxation purposes and does not predict market value; a professional appraisal and market analysis are needed to determine current worth.