Property Overview: 127 Lusted Avenue, North Point Douglas
Key Characteristics & Appeal
This home is a practical entry point into Winnipeg’s North Point Douglas neighbourhood. Built in 1900, its 1,310 sqft living space is squarely average for both the area and the wider city, offering a manageable footprint. The primary appeal lies in its value proposition: with an assessed value of $88,000, it is the lowest on its street and sits well below average for the neighbourhood and far below the citywide average. This positions it as one of the most accessible single-family homes in the market.
The lot, at 2,479 sqft, is compact compared to most in the area, which could mean lower maintenance or a potential constraint for expansion, depending on a buyer’s vision. Its age suggests potential for character but also implies a need for diligent inspection regarding updates and systems.
This property would suit a first-time buyer, an investor looking for a rental property with a lower entry cost, or a hands-on individual interested in a live-in renovation project. It’s for those who prioritize affordability and location over move-in readiness or larger outdoor space. A thoughtful perspective is that its below-average assessment could indicate a higher potential for equity growth through improvements, but it also requires a clear-eyed budget for updates typical of a 124-year-old home.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
Assessed value is for municipal tax purposes and is influenced by many factors, including the home’s condition, specific location within the city, and recent sales in the area. A value this far below the city average often reflects the home’s age, the neighbourhood’s market, and potentially the property’s condition or size relative to newer builds.
2. What does the "rank" and "top X%" data mean for each feature?
This data compares this specific property against similar homes in three areas: its immediate street, the North Point Douglas neighbourhood, and all of Winnipeg. For example, a "Top 100%" rank for Assessed Value means it has the highest assessed value on the street. This is counterintuitive, but in this context, a higher assessed value is considered "better" for the ranking, so it ranks last (27 out of 27) on Lusted Avenue.
3. Is there any recent sales history available for this home?
No sales history is displayed for this listing in the provided data. The source notes that exact, verified sales figures require a manual lookup, which can be requested directly from the site.
4. What should I consider specifically because the home was built in 1900?
Homes of this age often have solid foundations and craftsmanship but require careful evaluation of major systems. Priority checks should include the electrical wiring, plumbing, heating, insulation, and the structural integrity of the foundation and roof. Budgeting for ongoing maintenance is essential.
5. The land area is smaller than average. What are the implications?
A smaller lot (2,479 sqft vs. a neighbourhood average of nearly 3,816 sqft) means less yard for gardening, play, or expansion. This can be a positive for those seeking lower outdoor maintenance. However, it may limit possibilities for adding large additions, decks, or detached structures, as you must work within local zoning bylaws regarding setbacks and lot coverage.