Property Overview: 138 Stephens Street, Winnipeg
Key Characteristics & Appeal
This is a compact, historic home built in 1895, offering a unique entry point into Winnipeg’s North Point Douglas neighbourhood. With 650 sqft of living space, it is notably smaller than most homes in the city, positioning it as a minimalist or starter option. Its assessed value of $132k is very close to the average for its immediate street and area, but stands significantly below the Winnipeg citywide average, highlighting its relative affordability within the urban core.
The appeal lies in its efficient footprint and its piece of land—at 3,275 sqft, the lot is slightly larger than others on Stephens Street, offering outdoor potential rare for such an affordable property. It suits a specific buyer: a first-time purchaser, an investor looking for a character rental, or someone seeking a low-maintenance base in a central, evolving neighbourhood. Its age and size mean it is not for everyone, but for the right person, it represents a chance to own a character home with a manageable footprint and taxes, in a location where property values are a fraction of the city’s broader market.
Frequently Asked Questions
1. Is this a tiny home?
While not marketed as such, at 650 sqft it is significantly smaller than the average Winnipeg home (over 1,300 sqft). It fits the practical description of a very compact, efficient living space.
2. How does the assessed value compare for taxes?
At $132k, the assessment is typical for North Point Douglas but is in the bottom 2% citywide. This typically translates to proportionally lower property taxes compared to most of Winnipeg.
3. What does the 1895 build year mean for me?
It signifies considerable character and history, but also necessitates a thorough inspection. Potential concerns could include outdated wiring, plumbing, insulation, and the need for ongoing maintenance consistent with a 131-year-old structure.
4. The last sale was in 2021. What was the price?
Public data indicates a sold price between CA$100,000 and $150,000. For verified, exact sale figures, you must request a manual lookup from the site via email.
5. Is the lot size a pro or a con?
It’s a relative strength. The lot is larger than others on the same street, offering more private outdoor space than the house’s small footprint might suggest. However, it is still below the citywide average for lot size.