Property Overview: 227 Austin Street N, Winnipeg
Key Characteristics & Appeal
This home presents a practical entry point into Winnipeg’s North Point Douglas neighbourhood. Built in 1906, its 1,320 sqft living space is squarely average for both the area and the wider city, offering a manageable footprint for a small household. The standout characteristic is its value proposition: with an assessed value of $134k, it sits significantly below the citywide average, making it one of the more accessible priced properties in Winnipeg. This is balanced by a notably smaller lot size (2,017 sqft), which means minimal yard maintenance but limited outdoor private space.
Its appeal lies in affordability and location within an evolving inner-city community. It suits first-time buyers or investors seeking a lower barrier to entry, or those who prioritize a simpler, low-maintenance property over expansive square footage. A thoughtful perspective is that its age and established neighbourhood often mean mature tree canopies and character, but also necessitate a thorough inspection for updates to plumbing, electrical, and insulation. The recent sale in mid-2024 within the $100k-$150k range confirms its position in this affordable market segment.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value ($134k) is for municipal tax purposes. The recent sale price (between $100k and $150k) is a better indicator of current market value, but for the exact figure, a manual lookup is required.
2. What does the small land area mean for me?
With a lot size in the bottom 2-3% for the area, you have a very compact yard. This translates to low maintenance but little room for additions, detached garages, or extensive landscaping. It emphasizes the home itself and its immediate location.
3. How does the age of the home (1906) affect it?
While common for the neighbourhood, a 120-year-old home requires careful evaluation. Potential exists for classic architectural details, but systems like wiring, plumbing, and the foundation should be professionally inspected. Its age contributes to the below-city-average assessment.
4. The data shows it's "below average" citywide for value and lot size. Is that a bad sign?
Not necessarily. It primarily indicates this is an affordable, compact property in an older core neighbourhood, contrasting with newer suburbs on larger lots. It reflects its specific market niche rather than quality.
5. Can I get the exact sold price from June 2024?
The public data shows a range. To obtain the exact sale price, you must request a manual lookup via email from the site, as they do not publish MLS data directly.