Property Overview
144 Stephens Street is a compact, character home in Winnipeg's North Point Douglas neighbourhood. Built in 1933, it offers 620 square feet of living space on a 3,276 square foot lot, with a municipal assessed value of $125,000. The home last sold in early 2016.
Key Characteristics & Appeal
This property presents a specific value proposition. Its primary appeal lies in its affordability and lot size within an established inner-city neighbourhood. The home itself is notably smaller than average, ranking in the bottom quarter for living area even on its own street. However, its assessed value is around the median for the immediate area, suggesting the value is anchored more in the land than the structure.
It would suit a very specific type of buyer: a minimalist, an investor looking for a land-hold or redevelopment opportunity (subject to zoning), or a first-time buyer seeking the most accessible entry point into homeownership who is comfortable with a compact footprint. Its older age means potential for character, but also implies a need for diligence regarding updates and maintenance. A thoughtful perspective is that this isn't a typical "starter home" in the modern sense, but rather a pragmatic base for someone prioritizing location and land over interior space.
Frequently Asked Questions
1. Why is the living area so much smaller than nearby homes?
At 620 sq ft, the home is significantly smaller than most in the area. This is characteristic of older, working-class housing from its era and indicates a very efficient or compact layout, which may appeal to those seeking minimal upkeep.
2. How does the assessed value compare?
At $125,000, the assessment is very close to the average for Stephens Street ($137k) and North Point Douglas ($157k). However, it is far below the Winnipeg city-wide average, highlighting the neighbourhood's relative affordability.
3. What does the lot size offer?
The 3,276 sq ft lot is slightly above average for the street. This provides a decent outdoor space for a home of this size and could be a factor for future expansion or landscaping, depending on local zoning regulations.
4. What should I consider given the home's age?
Built in 1933, the home is older than most in the city. Prospective buyers should budget for potential updates to major aging systems like plumbing, electrical, or the roof, and consider an inspection to understand the home's condition.
5. How can I find out the exact past sale price?
The site provides sold price ranges for non-members. To obtain the exact sale price from its last transaction in early 2016, you must request a manual lookup via email through the provided site function.