Property Overview: 102 Lorne Avenue, North Point Douglas, Winnipeg

Key Characteristics & Appeal

This home at 102 Lorne Avenue presents a distinct profile within its North Point Douglas neighbourhood. Built in 2003, it is a notably modern property in an area largely composed of much older homes, ranking in the top 5% of the neighbourhood for its year of construction. With 1,080 sqft of living space and a 3,270 sqft lot, its size is fairly typical for the immediate area but sits below the Winnipeg city average for lot size.

The primary appeal lies in its relative newness, offering a move-in-ready structure likely requiring less immediate maintenance than its historic neighbours. Its assessed value of $210k is above average for both the street and the broader North Point Douglas area, reflecting its modern build, though it is below the city-wide average. This creates an interesting value proposition: you are acquiring a contemporary home in an established, changing neighbourhood.

This property would best suit a practical buyer looking for a modern home without a suburban price tag, who is comfortable in an urban neighbourhood with character. It’s also a sensible choice for those wary of the potential upkeep and renovation surprises that can come with Winnipeg’s abundant century-old housing stock. Investors may see value in its relatively young age for the rental market, though they should weigh this against the neighbourhood’s typical property values.

Frequently Asked Questions

1. Why is the assessed value above average for the street but below average for the city?
This reflects the property’s unique position. Its 2003 build is significantly newer than most homes on the street and in North Point Douglas, justifying a higher assessment within that context. However, average assessed values city-wide are pulled much higher by properties in more expensive suburban and river-area neighbourhoods with larger lots and homes.

2. What does the sold price history indicate?
The home sold between $150k-$200k in August 2017. While not an exact figure, this past sale and the current assessment suggest a market value that has remained relatively stable or seen modest appreciation in a neighbourhood with lower-than-city-average price points.

3. How does the lot size impact potential?
At 3,270 sqft, the lot is adequate for a home of this size but offers less expansion room than many city lots. This isn’t uncommon for the neighbourhood. It’s suitable for a garden or patio space but may limit possibilities for large additions or detached garages, focusing the value on the existing modern structure.

4. Is the modern build an advantage for insurance or financing?
Potentially, yes. A 23-year-old home typically faces fewer hurdles with insurance providers and lenders than a 100+ year-old home, which may require specific inspections for knob-and-tube wiring or aged plumbing. Its newer systems can be seen as a lower-risk asset.

5. Where can I get verified sale history for this property?
The provided data is compiled from public records, not the MLS. For a complete and verified transaction history, you must request a manual lookup from the site via email, as industry rules prevent the direct display of MLS sold records here.