Property Overview: 149 Annabella Street, Winnipeg
Key Characteristics & Appeal
This home at 149 Annabella Street in North Point Douglas is a compact, historic property built in 1893, offering a unique value proposition. Its key characteristic is a significant contrast: the 1,008 sqft house sits on a notably generous 4,467 sqft lot for the neighbourhood, ranking in the top 18% locally for land area. This presents a classic "land value" scenario where the lot itself is a substantial asset.
The appeal lies in its affordability and potential. With an assessed value of $146,000—significantly below the Winnipeg city average—it represents a lower barrier to entry into homeownership. The property suits two primary buyer types: first-time buyers or investors seeking a straightforward, lower-cost property with the possibility for future expansion or redevelopment, given the lot size. It also suits those with a practical vision who are comfortable with a smaller, older home and see value in the land itself. A less obvious perspective is that this property, as one of the oldest on the street, holds a tangible piece of the area's history, which may appeal to a buyer interested in character and authenticity over modern finishes.
Frequently Asked Questions
1. Is the house in livable condition?
The data provided does not detail the interior condition, renovations, or required repairs. The year built (1893) and below-average living area suggest a very classic, potentially unrenovated home. A professional inspection is essential to understand the true state of the structure and systems.
2. Why is the assessed value so much lower than the city average?
The assessed value is aligned with the North Point Douglas area average ($157k) but is far below the Winnipeg city average ($390k). This reflects the neighbourhood's market values and the property's smaller, older dwelling. The assessment is based on market trends and physical attributes, not the potential value of the large lot.
3. What does the large lot size mean for me?
The lot size of 4,467 sqft is above average for North Point Douglas. This offers more outdoor space than typical local properties and provides flexibility for gardening, adding a garage, or future expansion, subject to local zoning and permit regulations.
4. What is the property's sales history?
Public records indicate it sold in January 2019 for an estimated $150k-$200k and previously in August 2017 for an estimated $100k-$150k. For verified, exact sale prices, you must request a manual lookup from the site via email.
5. How does this home compare to others nearby?
On its street, it has the smallest living area and is one of the oldest homes. However, its lot size is around the street average, and its assessed value is mid-range among the nine comparable properties on Annabella Street. It is a more compact option in a neighbourhood of similarly valued homes.