Property Overview: 159 Stephens Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 159 Stephens Street in North Point Douglas is a classic Winnipeg character property, built in 1910. Its key appeal lies in offering a substantial city lot and a historically significant home at a very accessible price point, especially when viewed against wider city averages.
The 810 sqft house sits on a 3,280 sqft lot, which is notably larger than most on its street. This presents a valuable opportunity for expansion, gardening, or outdoor space that is uncommon for homes in this price range. With an assessed value of $104,000, it stands well below the city's average, positioning it as one of the most affordable entry points into homeownership in Winnipeg.
Its appeal is pragmatic and potential-focused. It suits first-time buyers seeking to build equity, investors looking for a character property with a stable tenant base, or hands-on individuals interested in a gradual renovation project. The neighbourhood itself, North Point Douglas, offers a strong sense of community and is close to the downtown core. A thoughtful perspective for a buyer here is to value the lot size as much as the home itself—the land represents a significant portion of the asset's value and future potential. This isn't a move-in-ready showcase; its charm is rooted in its history, its foundational value, and the opportunity it provides for a buyer to shape its next chapter.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to likely market value?
The assessed value of $104k is for municipal tax purposes. Market value is determined by recent sales of similar properties. Given its last recorded sale was between $50k-$100k in early 2021, and its assessed value is below area averages, it suggests a competitively priced entry point, but a current market evaluation is essential.
2. What should I consider with a 116-year-old home?
While full of character, a home from 1910 will require diligent attention to its aging infrastructure. Key priorities for an inspection would include the foundation, roof, wiring, plumbing, and heating systems. Budgeting for ongoing maintenance and potential updates is a fundamental part of ownership.
3. Is the lot size a significant advantage?
Yes. At 3,280 sqft, the lot is larger than most on Stephens Street. This provides more private outdoor space and is a tangible asset. For the right buyer, it allows for future possibilities like an addition, a large garage, or a mature garden, which are often not feasible on standard city lots.
4. What does the sold price data tell me?
The data shows the home sold in early 2021 within a broad range. This historical data is a reference point, but the market has evolved since then. To understand its current value, you need to look at the sale prices of similar, recently sold homes in North Point Douglas.
5. How do I find out the exact past sale prices?
The provided data comes from public records, not the MLS, and is shown in ranges. For fully verified and exact sale figures from the MLS system, you must request a manual lookup from the site, which they provide via email upon request.