Property Overview: 547 Doucet Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Doucet Street in Dufresne is a compact, no-fuss property built in 1928. At 660 sqft of living space, it is notably smaller than most homes in the neighbourhood and city, positioning it as a true starter home or downsizing opportunity. Its key practical feature is a renovated basement, adding functional space. The lot is a manageable 3,422 sqft, typical for the immediate street but smaller than many in the wider area.
The appeal lies in its affordability and simplicity. With an assessed value significantly below the Winnipeg average, it represents a low-barrier entry point into the market. It suits a very specific buyer: a first-time purchaser comfortable with a smaller footprint, an investor looking for a modest rental, or someone seeking to minimize living space and associated costs. A less obvious perspective is its relative age; on its street, it's actually one of the newer homes among its peers, which may suggest more updates over time or a slightly different construction era than immediate neighbours.
Section 2: Frequently Asked Questions
1. Is the house in move-in condition?
The listing confirms the basement is renovated, which is a positive sign. However, the overall condition of the main floor, systems (roof, wiring, plumbing), and exterior would require a professional inspection, especially given the home's age.
2. Why is the assessed value so much lower than the city average?
The assessed value reflects the property's smaller size, older age, and the market values in its area. It is in line with averages for Dufresne and on Doucet Street itself, indicating the valuation is typical for this specific locale and type of home.
3. What are the main considerations due to the smaller living area?
Prospective buyers should realistically assess if the 660 sqft layout meets their spatial needs. Storage, appliance placement, and living arrangements will require thoughtful planning. The renovated basement will be crucial for adding utility space, laundry, or extra living area.
4. Is there potential for expansion or adding a garage?
The lot size is average for the street but below the neighbourhood average. Any expansion or addition of a detached garage would need to comply with zoning bylaws regarding setbacks and lot coverage, and space may be limited.
5. How does the last sale price compare to the current assessment?
The home sold for $21,700 in December 2016. The current assessed value of $24,200 is relatively close, suggesting stable value in this segment. Market conditions and any improvements made since 2016 would influence the current listing price.