161 Meade Street N

Property Overview: 161 Meade Street N, Winnipeg

Section 1: Key Characteristics & Appeal

This home is a piece of Winnipeg’s history, built in 1893, offering character and a practical entry point into the North Point Douglas neighbourhood. With 1,239 sqft of living space, it provides a comfortably sized layout that is typical for the area. Its standout feature is the assessed value of $126k, which is notably below the Winnipeg city average. This creates a significant opportunity for budget-conscious buyers, first-time homeowners, or investors seeking a lower entry cost with potential for value addition.

The appeal lies in its positioning. While the lot size is smaller than others on its street, it is average for North Point Douglas, suggesting a manageable outdoor space. The home last sold in 2016, and its current assessed value sits well below city-wide averages, indicating a property that may allow for equity growth as the neighbourhood continues to develop. It would suit a practical buyer who values character over new construction, is comfortable with a home that requires personalization, and is strategically entering the market with a focus on affordability and long-term potential rather than immediate luxury.

Section 2: Frequently Asked Questions

1. How does the assessed value compare to likely market value?
The assessed value of $126k is for municipal tax purposes and is typically below market value. However, its ranking in the bottom 1% city-wide for assessments strongly suggests a sale price significantly lower than the Winnipeg average, making it a notably affordable option.

2. What should I consider with a home built in 1893?
While full of character, a home of this age will likely have older systems (like plumbing, wiring, and heating). A thorough inspection is essential to understand the condition and budget for any necessary updates or repairs to modernize functionality while preserving its historic charm.

3. The lot is smaller than others on the street. Is this a major drawback?
It depends on your priorities. The lot is still a decent size for the neighbourhood and city overall. It means less yard maintenance but may also limit expansion possibilities. For those seeking a lower-maintenance exterior, this could be an advantage.

4. What is the neighbourhood like?
North Point Douglas is a central, historic neighbourhood undergoing change. It offers proximity to downtown, the Red River, and local amenities. Prospective buyers should visit at different times to get a feel for the community and its dynamics to ensure it aligns with their lifestyle.

5. Where can I get exact historical sale prices?
The provided data shows a sale range from 2016. For fully verified and exact sale figures, you must request a manual lookup from the site via email, as they do not publish MLS records directly due to industry regulations.