239 Douglas Avenue

Property Overview: 239 Douglas Avenue, Winnipeg

Key Characteristics & Buyer Appeal

This 864 sqft bungalow, built in 1948, presents a clear value proposition centered on its land. Its most defining feature is the 8,377 sqft lot, which is significantly larger than averages for the street, neighborhood, and city. This offers substantial outdoor space and future potential in the established River East area.

The appeal lies in its position as an entry point into the market. With an assessed value of $235k, it is notably below the average for comparable homes on its street and in River East. This lower price point is balanced by the home's smaller size and older vintage, suggesting it may be ideal for a hands-on buyer or investor. It would suit a first-time homebuyer comfortable with a cozy layout who prioritizes yard space over interior square footage, or an investor looking for a property with a large lot in a stable neighborhood. A thoughtful perspective is that the below-average metrics in size, age, and value aren't just drawbacks—they represent a manageable scale and a lower tax assessment, which can be advantages for the right owner.

Frequently Asked Questions

1. Why is the assessed value so much lower than neighbors?
The assessed value reflects the property's older age and smaller living area compared to other homes in River East. It is assessed near the bottom for the neighborhood, which is a key factor in its accessible price point.

2. What can the large lot be used for?
The lot is well above average in size. This provides ample space for gardening, recreation, or future expansion like an addition, garage, or shed, subject to local zoning and permit approvals.

3. How recent is the sold price data?
The home sold in April 2021 for a price between $200k and $250k. For fully verified, exact historical sold prices, you must request a manual lookup via email from the site, as they do not display MLS records.

4. Is the living area too small?
At 864 sqft, the home is smaller than most in the area. This may require efficient use of space and is best suited for individuals, couples, or small families who value low-maintenance interiors paired with a large yard.

5. How does this home compare to nearby properties?
It is older and has a lower assessed value than most nearby references. For example, compared to similar-sized homes on Gilmore Avenue, this property has a lower valuation but a significantly larger lot size.