Property Overview
163 Mcfarlane Street N is a 1,392 sqft home in Winnipeg's North Point Douglas neighbourhood, built in 1908 on a 3,839 sqft lot. With an assessed value of $166k, it presents a specific value proposition shaped by its context.
Key Characteristics & Appeal
This home’s primary appeal lies in its position as a competitively priced, character home in an established inner-city neighbourhood. Its living space is above average for both the immediate street and the wider area, offering more room than many comparable local properties. The lot size is also generous for North Point Douglas.
The most defining characteristic is its value profile. While its assessed value is typical for Mcfarlane Street and North Point Douglas, it sits significantly below the Winnipeg citywide average, highlighting the area's affordability within the broader market. Recent sale data suggests strong price appreciation, with the latest sale ranking in the top 13-16% for the street and area.
This property would suit practical, value-conscious buyers looking for character and space without a premium price tag. It’s a fit for those comfortable with a home from 1908, likely seeing potential in its established footprint and lot. It may also appeal to buyers interested in neighbourhoods with redevelopment potential, where acquiring a solid older home at a lower entry point is a strategic move.
Frequently Asked Questions
1. How does the assessed value compare to likely market value?
The assessed value is for municipal tax purposes. The recent sale price (Jan 2025) fell between $200k-$250k, indicating the market value is higher, a common scenario in appreciating areas.
2. What should I consider with a home built in 1908?
While offering classic character, a home of this age requires a thorough inspection. Focus on the foundation, structural integrity, wiring, plumbing, and insulation. Budgeting for ongoing maintenance and potential updates is essential.
3. Is the lot size a pro or a con?
It's a relative strength. At 3,839 sqft, the lot is larger than the area average, offering good outdoor space for the neighbourhood. However, it is below the citywide average, reflecting the denser, older nature of inner-city lots.
4. What does the sale history tell us?
The home sold previously in 2016 for between $150k-$200k. The 2025 sale price represents a notable increase, indicating a trend of rising values on this street and in the wider area over the past decade.
5. How can I get the exact past sale prices?
The site provides sold price ranges publicly. Due to data licensing rules, exact sale figures are not displayed online but can be requested directly from the site's team via email, which they provide manually.