Property Overview: 303 Austin Street N, North Point Douglas, Winnipeg

Section 1: Key Characteristics & Appeal

This is a compact, historically grounded home built in 1940, offering an entry point into Winnipeg’s North Point Douglas neighborhood. With 956 square feet of living space and a 2,794 square foot lot, its physical footprint is modest, ranking below average in size for both the immediate street and the wider city. This translates to a home suited for efficient living rather than expansive space.

Its primary appeal lies in its value proposition. The home’s assessed value of $122,000 is notably below the Winnipeg city average, positioning it as one of the more accessible priced properties in the broader market. It last sold between $100,000-$150,000 in early 2022. For its neighborhood, however, its value is around the typical range, suggesting it represents the local market norm rather than an outlier.

This property would best suit first-time buyers, investors, or downsizers seeking an affordable foothold in an established central neighborhood. Its smaller scale means lower maintenance costs and utility bills, which can be a significant draw. A less obvious perspective is that, while the home is smaller than many on its street, it is actually newer than most in the immediate area, potentially implying updates or construction methods from a later era compared to its older neighbors. It’s a practical choice for those prioritizing location and affordability over square footage.

Section 2: Frequently Asked Questions

1. How does this home’s value compare to others in Winnipeg?
The assessed value of $122,000 is significantly below the Winnipeg city-wide average for homes, placing it within the top 1% of most affordable properties citywide. This indicates a strong value-for-location proposition.

2. Is the living space smaller than typical?
Yes. At 956 sqft, the living area is below the average for the street, the North Point Douglas area, and the city as a whole. It is a compact home ideal for individuals, couples, or small families.

3. What does the "Year Built" ranking mean?
Built in 1940, this home is newer than about 78% of homes on its street and 76% in its neighborhood. While 86 years old, it is a relatively newer structure in a historic area, which may have implications for its condition and style.

4. How reliable is the sold price information shown?
The listed sold price range (CA$100k–150k for January 2022) is based on publicly available data, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup from the site via email.

5. Is the lot size a constraint?
The 2,794 sqft lot is below average for the street, area, and especially the city. This means smaller outdoor space but also less yard maintenance. It’s a trade-off that contributes to the home’s affordability.