Property Overview: 273 Austin Street N, North Point Douglas, Winnipeg
Key Characteristics & Appeal
This is a 1,418 sqft home built in 1904, situated on a 3,416 sqft lot in North Point Douglas. Its key characteristic is a significant value proposition, defined by a notably low municipal assessed value of $69k. This places it at the very bottom of the scale for assessed value both on its street and city-wide, suggesting a substantial opportunity for equity growth through renovation or market appreciation. The living space is modest but functional, ranking around the local average for the area.
The appeal lies in its potential. It suits buyers looking for an entry point into the Winnipeg market, investors seeking a project with a low initial tax burden, or those interested in the character and community of a historic neighbourhood like North Point Douglas. It is not a move-in-ready showpiece but a foundational property. A thoughtful perspective is that the low assessment, while indicating needed updates, also provides a buffer against high property taxes during a renovation period, which can be a practical advantage for a hands-on buyer.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
A significantly lower assessed value typically reflects the home's condition, age, and recent sale prices of comparable properties. It often indicates that the property requires modernization or repairs compared to its neighbours.
2. What does the sold price history tell me?
The home sold in 2022 and 2019 within the $100k-$200k range. This history, combined with the current $69k assessment, suggests a market value that may be volatile or highly dependent on condition, and it underscores the importance of a current professional appraisal and inspection.
3. Is the older year (1904) a concern?
While offering classic character, a 122-year-old home will likely have older building systems, materials, and layout. It appeals to those who appreciate heritage but necessitates a thorough inspection for foundational integrity, wiring, plumbing, and insulation.
4. How does the lot size compare?
At 3,416 sqft, the lot is slightly below average for the street but fairly typical for the North Point Douglas area. It provides adequate outdoor space but is smaller than the city-wide average, reflecting the neighbourhood's more urban lot sizes.
5. How can I get the exact past sold prices?
The site provides sold price ranges publicly. Due to data licensing rules, exact sale figures are not displayed automatically but can be requested directly from the site via email for verified details.