Property Overview: 255 Douglas Avenue, Winnipeg
Key Characteristics & Buyer Appeal
This 1,008 sqft bungalow, built in 1973 on a 6,601 sqft lot in River East, presents a straightforward, middle-of-the-road offering with specific practical advantages. Its appeal is rooted in value and space relative to its immediate location. While its living space is modest for the broader neighborhood, it is actually slightly above average for Douglas Avenue itself. The lot size is a notable feature—it's more generous than most city-wide lots, offering good outdoor space potential in a mature area.
The home’s assessed value of $342k sits comfortably around the average for its street, suggesting it's priced in line with its direct peers rather than the wider, more expensive River East area. This creates a value proposition: you get a standard home for the street, but with a larger-than-city-average yard. It would suit first-time buyers or downsizers looking for a manageable, single-level layout in an established community without a premium price tag. A thoughtful buyer might see the larger lot as a long-term asset for expansion or landscaping, while the home's unexceptional rankings across the board indicate a stable, low-risk purchase unlikely to overpay for neighborhood hype.
Frequently Asked Questions
1. How does this home’s value compare to recent sales?
It last sold between $350k-$400k in August 2023. Its current assessed value of $342k is slightly below that sale range and is around average for homes on Douglas Avenue.
2. Is the living space small for the area?
Yes, at 1,008 sqft, it is below the River East neighborhood average. However, it is actually slightly larger than the average home (988 sqft) on Douglas Avenue itself, so it fits the scale of its immediate street.
3. What is the standout feature of the property?
The 6,601 sqft lot is a key asset. It is larger than the average lot across Winnipeg, providing more outdoor space than many city properties, which is a valuable and less replaceable feature than interior square footage.
4. Are the property taxes likely to be high?
Based on its assessed value, which is below the neighborhood average but around the city average, the property taxes should be reasonably in line with a mid-range Winnipeg home, not elevated for River East.
5. How can I verify the exact historical sale price?
The site provides sold price ranges for context. For fully verified and exact transaction figures, you must request a manual lookup via email, as this data is not sourced from the MLS system.