Property Overview: 125 Lusted Avenue, North Point Douglas, Winnipeg
Key Characteristics & Appeal
This is a substantial, century-old home (built 1906) that stands out for its exceptional interior space. With over 3,100 square feet of living area, it ranks in the top 1% of homes in its neighborhood and city-wide for size, offering significantly more room than typical area homes. The lot is also above average for the immediate area. Its assessed value is notably higher than most neighboring properties, positioning it as a premium offering within North Point Douglas.
The primary appeal lies in the rare opportunity to acquire a truly large character home in an established neighborhood at a value-focused price point relative to the broader Winnipeg market. It suits buyers looking for a project-ready historic home with generous proportions, multi-generational living potential, or a base for a home-based business. It’s ideal for a value-conscious buyer who prioritizes interior square footage over a newer build or a large suburban-style yard, and who is comfortable with the maintenance considerations of a 120-year-old property.
Frequently Asked Questions
1. Why is the assessed value so high for the neighborhood?
The assessed value of $250k ranks in the top 5% for North Point Douglas, largely due to the home's exceptional size (3,136 sq ft). It is assessed as a much larger and more valuable asset compared to the neighborhood average, reflecting its standout physical characteristics.
2. What does the sale history indicate?
The home sold in October 2023 and previously in February 2018. The 2023 sale price range places it in the top 4% for the area, confirming its premium status locally. This recent turnover suggests active market interest in the property.
3. Is the home older than most in Winnipeg?
Yes. Built in 1906, it is older than approximately 98% of homes in Winnipeg, where the average year built is 1966. In its immediate area, however, its age is quite typical for the historic housing stock.
4. How does the lot size compare?
The 4,068 sq ft lot is above average for both Lusted Avenue and North Point Douglas. However, it is below the city-wide average, as suburban lots tend to be larger. This is an urban-sized lot appropriate for the neighborhood.
5. Where can I get verified sale price details?
The exact sale prices are not publicly displayed on this site. You can request the precise transaction history by emailing the provided contact; they will manually retrieve and send the information.