Property Overview: 271 Douglas Avenue, Winnipeg
Key Characteristics & Appeal
This 1,152 sqft bungalow, built in 1960, presents a compelling value proposition in Winnipeg's River East neighborhood. Its primary appeal lies in a significant and above-average land area of over 9,160 sqft, offering substantial outdoor space that is rare city-wide. The home itself is modestly sized but larger than most on its street, positioning it as a comfortable, efficient living space.
The property’s assessed value of $313k is notably below the River East neighborhood average, suggesting a potential value entry point into the area. This combination—a larger, valuable lot with a functional home at a below-neighborhood price—creates distinct opportunities. It would suit first-time buyers seeking space to grow, value-oriented investors, or owners looking for a property where the land itself represents a major asset for future enjoyment or expansion. The data indicates you are paying less for the location than typical for the area, with the trade-off being an older home that may require updates.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value is for municipal tax purposes and is a historical benchmark. The last known sale was between $250k-$300k in 2017. Market conditions, property condition, and demand will determine the final sale price, which could be above or below the current assessment.
2. How does the larger lot size benefit a buyer?
Beyond simple outdoor space, a lot size in the top 8% city-wide offers long-term flexibility. It provides ample room for gardening, recreation, or adding structures like a large shed or garage. It also potentially enhances future redevelopment or expansion options, adding a layer of value separate from the house itself.
3. The home is older than many in River East. What should I consider?
Built in 1960, the home is older than 94% of comparable properties in the neighborhood. This typically means budgeting for maintenance and potential updates to major systems like plumbing, electrical, or the roof. A thorough inspection is essential to understand the home's condition and any imminent costs.
4. How does this property compare to others on the same street?
It ranks very well for lot size and living area on Douglas Avenue. However, its assessed value is around the street average. This suggests you may get more physical property (both land and house) for a price in line with smaller properties on the same block.
5. Where can I get verified sale price history for this home?
The provided sale data is from public sources, not the MLS. For a complete and verified transaction history, you must request a manual lookup from the site via email, as stated in the data notes.