Property Overview: 311 Austin Street N, North Point Douglas, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct profile within its North Point Douglas neighbourhood. Its primary appeal lies in being a modern structure in an area of much older housing stock. Built in 2012, it is newer than 98% of homes in the immediate area, suggesting advantages like modern building codes, materials, and potentially lower immediate maintenance. With 1,102 sqft of living space, it offers a practical footprint that is average for the wider city but more compact than many neighbouring homes, promoting efficient living.
The assessed value of $220k is notably higher than the area average, positioning it as a premium property on its street and within North Point Douglas. This creates an interesting dynamic: you are investing above the local norm for the benefits of a newer build. The lot size is standard for the neighbourhood, offering typical outdoor space.
This property would best suit a buyer who values modern construction and is willing to pay a premium for it within an evolving neighbourhood. It’s a practical choice for someone seeking a turn-key home without the renovation challenges common in the area. It may also appeal to an investor looking for a newer rental property with potentially fewer upkeep issues than century-old homes.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much higher than neighbouring homes?
The assessed value reflects the property’s relatively recent construction year (2012). Compared to the neighbourhood average build year of the early 1900s, this home likely has modern systems, finishes, and building code compliance, which are significant factors in municipal assessment.
2. How does the home’s size compare?
At 1,102 sqft, the living area is smaller than the average home on Austin Street N but is very close to the average size for both the wider North Point Douglas area and the city of Winnipeg as a whole, making it a reasonably sized urban home.
3. What does the sale history indicate?
Records show it last sold between $200k-$250k in October 2020. The current assessed value of $220k sits within that recent sale price range, suggesting stability in its valuation over the past few years.
4. Is the property tax likely to be high?
While the assessed value is above average for the street and area, it is below the city-wide average assessed value. Property taxes are based on this assessment and the municipal mill rate, so they will be higher than on older neighbouring homes but likely lower than on an equivalently valued home in a more expensive city district.
5. What is the context of the "Elite" ranking for Year Built?
This statistical ranking simply means the home is among the newest in its comparison groups—specifically, newer than 97-98% of homes in its immediate vicinity. It highlights the property’s standout characteristic of modern construction in a historic neighbourhood.