Property Overview: 135 Stephens Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 135 Stephens Street in North Point Douglas presents a distinct value proposition centered on space and potential. Its key characteristic is a generous 1,412 sqft of living area, which is notably larger than most homes on its street and in line with the citywide average, offering more room than typical for the area. Built in 1915, it is a character home with a history, sitting on a standard city lot.
The primary appeal lies in its affordability and the opportunity it represents. With a modest assessed value significantly below the Winnipeg average, it offers entry into the market with a footprint usually found at a higher price point. This creates a canvas for a buyer willing to invest in updates or renovations. Its appeal is practical rather than luxurious, suited for hands-on buyers, investors looking for a value-add property, or those prioritizing interior space over a newer build or premium location. A thoughtful perspective is that its below-average valuation for the area might reflect the need for modernization, but also provides a buffer for renovation budgets without immediately overcapitalizing for the neighbourhood.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
Assessed value is for municipal tax purposes and is influenced by factors like the home’s age, condition, and recent sales in the immediate area. A value this far below the city median often indicates a property that may require significant updates or is in a neighbourhood with lower average property values.
2. How recent is the sold price data, and how accurate is it?
The sold price range shown (CA$150k–200k) is from December 2023. This data is gathered from public sources, not the MLS, and is presented as a reliable range for general reference. For fully verified and exact historical sale figures, you must request them directly via email from the site.
3. What does the "Top 14%" ranking for living area on its street mean?
It means this home’s interior square footage is larger than 86% of the 29 comparable properties on Stephens Street. Essentially, it is one of the most spacious homes on the block.
4. As a 111-year-old home, what should I be prepared for?
Buyers should budget for and expect the maintenance needs common to century-old homes. This includes potential updates to electrical, plumbing, and insulation systems, and investigating the condition of the foundation and roof. A thorough pre-purchase inspection is essential.
5. Is the lot size typical for Winnipeg?
At 3,277 sqft, the lot is fairly standard for its immediate neighbourhood and street but is below the Winnipeg citywide average. This means outdoor space is adequate but not expansive, aligning with the older, inner-city community layout.