Property Overview
153 Austin Street N is a 1,016 sqft home in Winnipeg's North Point Douglas neighbourhood, built in 1901. Its key characteristics are defined by how it compares to other properties. It sits on a 2,985 sqft lot and has a municipal assessed value of $84,000. The data shows this home is consistently below average in size, lot dimensions, and value when compared to others on its street, in the area, and across the city. Notably, its assessed value is among the lowest citywide.
Where its appeal lies & who it suits:
The primary appeal is its position as an entry-point property. With a very low assessed value, it presents a potentially low barrier to entry for certain buyers. It may suit an investor looking for a rental property with minimal upfront capital, a buyer interested in a long-term "hold" property in a transitioning area, or someone seeking a modest footprint with renovation potential. A less obvious perspective is its value for an owner-occupant who prioritizes low property taxes, as taxes are based on assessed value. Its age (125 years) also offers historic character, appealing to those interested in Winnipeg's early 20th-century housing stock.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
Assessed value is based on market value and specific property characteristics. This home's below-average size, age, and lot size contribute to its assessment ranking in the bottom tier citywide, reflecting its relative market position.
2. What does the "below average" ranking for living area mean?
The rankings compare this home to similar property types. A living area of 1,016 sqft is smaller than most homes on Austin Street N, in North Point Douglas, and across Winnipeg. This indicates a compact, manageable layout.
3. Is the sold price from 2017 relevant today?
The last recorded sale was between $0-$50,000 in March 2017. While it provides historical context, it does not reflect current market value. For verified, recent sales data, you must request an exact sales history lookup via email.
4. What are the implications of buying a home built in 1901?
A home of this age often has unique character but requires careful inspection for foundational integrity, wiring, plumbing, and insulation. Modernization and maintenance costs should be factored into any offer.
5. How does the lot size compare?
At 2,985 sqft, the lot is smaller than most on its street and in the city. This means less exterior maintenance but also limited space for expansions, additions, or large outdoor amenities compared to properties with larger lots.