Property Overview: 266 Austin Street N, North Point Douglas, Winnipeg
Key Characteristics & Appeal
This home at 266 Austin Street N presents a compelling opportunity in Winnipeg's North Point Douglas neighbourhood. Built in 1935, it offers 1,665 square feet of living space, which is notably above average for both the immediate area and the city overall. The lot size of over 5,150 square feet is a significant asset, providing ample outdoor space that is well above the neighbourhood norm.
The primary appeal lies in its strong value proposition within its local context. With an assessed value of $194,000, it sits above the average for both Austin Street and North Point Douglas, suggesting a solid level of improvement for the area. However, its value is well below the citywide average, highlighting the neighbourhood's more accessible price point. This creates a unique dynamic: you acquire a home with above-average space and lot size for the community at a price that remains a fraction of Winnipeg's broader market.
This property would suit a practical buyer looking for space and value, potentially a first-time homeowner, an investor, or someone committed to the evolving character of North Point Douglas. It appeals to those who see potential in a well-sized, classic home and who prioritize tangible assets like interior square footage and land over a newer build date or a premium postal code. The data suggests it's a larger, more valuable property on its street and in its neighbourhood, offering a relative standout in its immediate market.
Frequently Asked Questions
1. How does this home compare to others nearby?
The home is consistently above average for its direct neighbourhood and street in key metrics. It has more living space and a larger lot than most comparable homes in North Point Douglas, and its assessed value is also higher than the local averages, indicating a relatively higher level of improvement.
2. The assessed value is much lower than the city average. What does that mean?
This reflects the significant variation in property values across Winnipeg. While the home is valued highly within North Point Douglas, property values in this area are generally more accessible compared to the city as a whole. This can represent an entry point into the market, but it's wise to research neighbourhood trends and future development plans.
3. What should I consider about a home built in 1935?
A home of this age offers character and often sturdy construction, but it necessitates a focus on maintenance and updates. A thorough inspection is essential to understand the condition of major systems like wiring, plumbing, and the foundation. Budgeting for potential updates should be part of your planning.
4. The last sold price shown is a wide range from 2018. How can I get precise sales history?
The provided data is from public records, not the MLS, and shows approximate ranges. For fully verified, exact sale figures and a complete transaction history, you must request a manual lookup from the site via email, as explained in the data notes.
5. The lot is large for the area. What are the possibilities?
The 5,156 sqft lot is a standout feature. It offers excellent potential for gardening, outdoor living space, or future additions like a garage or shed, subject to local zoning bylaws. This extra space provides flexibility that is harder to find on newer, smaller urban lots.