Property Overview: 154 Stephens Street, Winnipeg
Key Characteristics & Appeal
This home at 154 Stephens Street in North Point Douglas presents a compelling mix of modern convenience and neighbourhood value. Built in 2006, it is a notably newer construction compared to most homes on its street and in the wider area, which are predominantly from the early 1900s. This suggests a property likely requiring less immediate upkeep than its century-old neighbours.
With 1,080 sqft of living space and a 3,277 sqft lot, the home offers practical, average-sized accommodations for the local context. Its primary appeal lies in its strong assessed value of $202,000, which ranks well above average for both Stephens Street and North Point Douglas. This indicates it is perceived as a higher-value asset within its immediate community. However, this value is significantly below the Winnipeg citywide average, highlighting the neighbourhood's more affordable price point.
This property would suit a pragmatic buyer looking for a relatively modern, low-maintenance home in an established inner-city neighbourhood. It’s ideal for someone who values being above the local curve in terms of home age and assessed value, while accepting that citywide metrics for lot size and value are more modest. It represents an opportunity to own a newer structure without paying the premium typical in newer suburban developments.
Frequently Asked Questions
1. How does the 2021 sale price compare to the current assessed value?
The home sold between $150,000 and $200,000 in July 2021. The current assessed value of $202k sits at the top end of or above that range, indicating a stable or increased municipal valuation since the last sale.
2. Is the lot size a limitation?
At 3,277 sqft, the lot is standard for Stephens Street and North Point Douglas but is below the citywide average. It provides adequate outdoor space for a home of this size but may not accommodate extensive additions or sprawling gardens.
3. What does the "Elite" ranking for Year Built mean?
Ranking in the top 3% for year built in North Point Douglas simply means it is one of the newest homes in a neighbourhood filled with houses often over 100 years old. It speaks to modern construction standards, not luxury finishes.
4. Why is the citywide assessed value ranking so low?
The "below average" citywide ranking (Top 92%) reflects Winnipeg's broad spectrum of housing. While this home is a higher-value property in North Point Douglas, assessments in many other city neighbourhoods are significantly higher, pulling the citywide average up.
5. What can the nearby similar-valued properties tell me?
The listed properties with similar assessed values are all condominium units in Varsity View, a different area. This underscores that this Stephens Street home offers a detached living experience at a price point comparable to condos in other parts of the city.