240 Austin Street N

Property Overview: 240 Austin Street N, North Point Douglas, Winnipeg

Section 1: Key Characteristics & Appeal

This 900 sqft home, built in 1985, presents a distinct value profile within its immediate neighborhood. Its primary appeal lies in the combination of a relatively modern build for the area and a large, above-average lot of over 5,150 sqft. While the living space is compact compared to most homes on the street and in the city, the property holds a strong assessed value position locally—ranking higher than most comparable homes in North Point Douglas. This suggests it is viewed as a solid asset within its specific market context.

The property would suit a pragmatic, value-conscious buyer. It’s ideal for a first-time homeowner comfortable with a smaller footprint who sees potential in the generous lot size for outdoor space, gardening, or future expansion. It could also appeal to an investor looking for a relatively newer rental property in the area, given its modern construction compared to the neighborhood's older housing stock. A key, less obvious perspective is that this home offers a way to enter a historic neighborhood without the immediate maintenance concerns typical of a century-old property, while still offering land equity.

Section 2: Frequently Asked Questions

1. Is the living area too small?
At 900 sqft, the home is significantly smaller than the average house on Austin Street (approx. 1,565 sqft). It suits efficient living and may require creative use of space or an addition for growing families.

2. Why is the assessed value higher than area averages?
The assessed value of $194k ranks in the top 30% on its street. This is likely due to the combined factors of its newer construction (1985) and its larger-than-average lot size for the neighborhood, which add tangible value.

3. What does the large lot size mean for me?
The 5,153 sqft lot is a standout feature, offering ample outdoor space rare for the area. This provides room for privacy, recreation, storage, or potential future projects like a garage, garden, or deck.

4. How reliable is the sold price data shown?
The site notes that sold price data is from public sources, not the MLS, and is presented in a range. For fully verified and exact historical sale figures, you must request a manual lookup via email from the site providers.

5. How does the age of this home compare to others nearby?
Built in 1985, this home is notably newer than most in North Point Douglas, where the average comparable home was built in the early 1920s. This can mean updated building materials and potentially lower immediate repair costs.