Property Overview
This home at 170 Mcfarlane Street N in Winnipeg's North Point Douglas presents a distinct profile. Built in 2005, it is a notably modern property within a neighbourhood of much older homes. With 1,056 sqft of living space on a 4,092 sqft lot, it offers a manageable size. Its assessed value of $220k stands significantly above the local area averages, reflecting its newer construction, while being well below the city-wide average, highlighting the area's affordability.
Key Characteristics & Appeal
The primary appeal of this property lies in its relative newness and its position as a modern, low-maintenance home in an established, affordable neighbourhood. Its 2005 build date means it likely avoids many of the major system updates or structural concerns common with century-old homes. The lot size is generous for the area, offering good outdoor space compared to nearby properties.
It would suit a first-time homebuyer or an investor looking for a turnkey property without the premium of a brand-new build. It’s also a practical choice for those who want to be in a central, historic neighbourhood but prioritize the convenience and efficiency of a 21st-century home. A less obvious perspective is that its above-average assessment for the street and area could signal either a solid investment in an improving locale or a price point that is premium for the immediate surroundings, depending on future neighbourhood development.
Frequently Asked Questions
1. Why is the assessed value so much higher than neighbouring properties?
The assessed value is primarily driven by the home's age. Being built in 2005, it is decades newer than most homes on the street and in North Point Douglas, which translates to a higher valuation due to modern construction standards, materials, and systems.
2. How does the home's size compare?
At 1,056 sqft, the living area is moderately sized. It is slightly below the average for Mcfarlane Street N but is very close to the average for both the wider North Point Douglas area and the city of Winnipeg as a whole, indicating a standard, efficient footprint.
3. What does the sold price history indicate?
Records show it last sold between $150k-$200k in March 2018. The current $220k assessment suggests a significant increase in value over that period, though market conditions and improvements would affect the actual listing price.
4. Is the lot size typical?
The 4,092 sqft lot is slightly smaller than the average on its specific street but is actually above average for the larger North Point Douglas area. City-wide, lots are typically larger, making this a standard urban parcel.
5. How can I get the exact historical sold prices?
The site provides estimated price ranges. For fully verified and exact sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS system.