Property Overview: 142 Stephens Street, Winnipeg
Key Characteristics & Buyer Appeal
This home presents a compelling value proposition centered on space and location within North Point Douglas. Its most significant feature is its generous 1,564 sqft living area, which ranks in the top 10% on its street and well above average for the neighborhood. This offers substantial interior space compared to many local options. With an assessed value of $194,000, it sits above the average for both Stephens Street and North Point Douglas, suggesting a perception of solid value within its immediate context, though it is notably below the city-wide average home value.
The appeal lies in this combination of ample living space at a price point that is competitive for the area. It’s a 1921 character home, typical for the neighborhood, on a standard city lot. A thoughtful perspective is that while the lot size is modest city-wide, it is consistent with the local streetscape, potentially reducing yard maintenance. This property would suit a practical buyer looking for more room than is typically available in the area without a premium city-wide price tag. It's ideal for someone prioritizing interior space over a large yard or a newer build, and who sees potential in a well-established, evolving community close to downtown.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home was sold between $150,000-$200,000 in July 2016. Its current assessed value of $194,000 is above the average for the street and area, aligning with the upper end of that last sale range. This indicates assessed value growth in line with or slightly exceeding local trends.
2. Is the living space efficiently laid out for a home of this era?
Built in 1921, the floor plan may differ from modern open-concept designs. The above-average square footage suggests good overall space, but viewing the layout in person is recommended to assess room flow and functionality for your needs.
3. What does the "below average" city-wide land area ranking mean practically?
While the lot is smaller than the Winnipeg average, it is around average for North Point Douglas. This typically means a standard city lot for the neighborhood, adequate for a patio or small garden but not for extensive outdoor features.
4. Are there any insights from the neighborhood comparison data?
The data shows this home is a standout on its street for living space. However, its age and lot size are very typical for the area. This suggests you are paying primarily for the larger interior footprint within a familiar neighborhood context.
5. How can I verify the exact historical sale price?
The site provides sold price ranges for general research. Due to industry rules, exact MLS sale figures are not published online here. You can request the exact sale history via email through the site’s provided service for fully verified figures.