Property Overview: 146 Mcfarlane Street N, Winnipeg
Section 1: Key Characteristics & Appeal
This North Point Douglas home stands out for its generous proportions, both in the house and on the lot. Built in 1900, it offers 1,674 sqft of living space, which is notably larger than most homes on its street and in the immediate area. Its most significant feature is the 8,188 sqft land area, placing it in the top 2% of lots in North Point Douglas—an exceptionally large canvas for a city property.
The appeal lies in this rare combination of a spacious, character-filled home on a vast lot, all at an assessed value ($186k) that is modest relative to the Winnipeg city-wide average. This creates a compelling value proposition for the right buyer. It suits hands-on buyers looking for a project with ample outdoor space, investors or homeowners interested in the long-term potential of a large lot in an evolving neighborhood, or those simply seeking more square footage for their budget than is typically available elsewhere in the city. A thoughtful perspective is recognizing that while the home is older and may require updates, the land itself represents a substantial and appreciating asset that newer constructions in outlying areas often cannot match.
Section 2: Frequently Asked Questions
1. Is the sold price shown the exact price it last sold for?
No, the displayed sold price is a range (CA$150k–200k for 8/2019). To obtain the exact historical sale figure, you must request a manual lookup via email from the site.
2. How does the assessed value compare to other homes?
The $186k assessment is above average for Mcfarlane Street and North Point Douglas. However, it is below average city-wide, where the typical assessed value is significantly higher. This indicates the property may offer more house and land per dollar within the city limits.
3. What does the "Elite" ranking for Land Area mean?
It means this property's lot size of 8,188 sqft is larger than 98% of the 631 comparable properties in North Point Douglas. It is a standout feature of this listing.
4. The home was built in 1900. What should I consider?
While the structure has historical character, it is older than most homes in the area and city. Prospective buyers should budget for a thorough inspection to understand the condition of major systems (plumbing, electrical, foundation) and potential needs for modernization or heritage-sensitive maintenance.
5. Why is the city-wide assessed value average so much higher?
The city-wide average of $390.1k includes many newer homes and properties in higher-value neighborhoods across Winnipeg. The data highlights that this home provides a different value profile—prioritizing lot size and interior space over a newer build or specific location premium.