Property Overview: 132 Lorne Avenue, North Point Douglas, Winnipeg
Key Characteristics & Appeal
This home at 132 Lorne Avenue is defined by its generous living space and relative value within its immediate neighborhood. Built in 1913, it is a character home with above-average square footage (1,860 sqft), ranking in the top 15% for size both locally and citywide. Its assessed value of $223k positions it as a higher-value property within North Point Douglas, ranking in the top 12% of the area, yet it remains significantly below the city-wide average assessed value. This creates a unique value proposition: you get a notably larger home for a price that is premium for the neighborhood but still accessible compared to broader Winnipeg averages.
The appeal lies in this balance of space and entry point. It suits buyers looking for character-home proportions without a character-home price tag for the city, and who are specifically interested in the North Point Douglas community. It would particularly fit a value-conscious buyer who prioritizes interior space over a large yard, as the lot size is more modest by suburban standards. A thoughtful perspective is that this property represents an investment in the neighborhood itself; its above-average metrics for the area suggest it is a solid asset within a community that may have varying property conditions.
Frequently Asked Questions
1. How does the assessed value compare to the likely selling price?
The assessed value of $223k is for municipal tax purposes and is not a direct indicator of market value. It does, however, show this home is considered one of the higher-valued properties in North Point Douglas.
2. What should I consider with a home built in 1913?
While the home offers great space, its age means potential buyers should budget for and investigate updates to major systems like wiring, plumbing, and insulation, and be prepared for the maintenance typical of a century-old structure.
3. The city-wide assessed value ranking seems low. Is that a concern?
Ranking in the top 88% city-wide means the assessed value is in the bottom 12% for Winnipeg. This primarily reflects the home's location in a lower-assessment area, not the condition of the home itself. It highlights the neighborhood's relative affordability.
4. Is the lot size sufficient for parking or expansion?
At 3,272 sqft, the lot is around average for the area but below the city-wide average. You should verify local zoning bylaws to understand possibilities for adding parking pads, garages, or extensions.
5. How can I get the exact historical sold price for this home?
The site provides sold price ranges for non-members. To obtain the exact sale figures and full transaction history, you must request a manual lookup via email from the service, as they do not have access to MLS sales records.