Property Overview: 545 Doucet Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1928, presents a classic and solid opportunity in Winnipeg's Dufresne neighbourhood. With 1,132 sqft of living space and a detached garage, it sits on a 3,422 sqft lot. The home's appeal lies in its established character and its strong standing within its immediate community. The data reveals a thoughtful perspective: while its size and assessed value are around average for the Dufresne area, this property ranks above average for both assessed value and year built on its specific street. This suggests it is a comparatively newer and more valued home within its own block, offering a sense of relative stability and investment among its direct neighbours.
The home would suit a first-time buyer or a practical downsizer looking for a character home without the premium of a fully renovated property. It’s ideal for someone who values a established, quiet street and sees potential in a home that may require updates over time. The detached garage adds functional value for storage or a workshop. The recent sale in August 2024 indicates a fresh, market-tested transaction for the next buyer to consider.
Frequently Asked Questions
1. What does "above average for the street" mean in practical terms?
It means that compared to the 25 nearest homes on Doucet Street, this property has a higher assessed value and is newer than most. This can indicate better relative maintenance or original build quality compared to its immediate neighbours.
2. Is the basement finished?
No. The listing specifies the basement exists but is "not renovated," meaning it is likely in an unfinished, utility state.
3. How does the lot size compare?
The lot is 3,422 sqft, which is slightly below the average for the broader Dufresne area. This is typical for older neighbourhoods and means outdoor space may be more intimate and manageable.
4. What might the recent sale price indicate?
The home sold in August 2024 for $27,300. This recent sale provides a clear, current benchmark for its market value, which is significantly higher than its $250,000 assessed value (which is for tax purposes). Buyers should investigate this sale price for insights into the home's market worth.
5. What type of ongoing work should I anticipate?
As a character home from 1928, buyers should budget for ongoing maintenance and potential updates common to houses of this era, such as windows, roofing, or mechanical systems. The unrenovated basement also presents a future opportunity for customization.