Property Overview: 164 Stephens Street, Winnipeg
Key Characteristics & Appeal
This home at 164 Stephens Street in North Point Douglas is a property of contrasts defined by its context. Built in 1908, it is a character home that is older than most in Winnipeg, yet it offers more living space (1,262 sq ft) than many immediate neighbors. Its assessed value of $123K is modest and typical for the local area, but it stands significantly below the citywide average, highlighting the neighborhood's affordability within the broader market.
The primary appeal lies in its value proposition. It offers above-average interior space for the street on a standard city lot (3,278 sq ft), presenting a solid opportunity for buyers seeking a lower entry point into homeownership. Its recent sale history suggests a stable, slow-appreciating market. This property would suit pragmatic first-time buyers, investors looking for a rental property with a manageable cost basis, or individuals interested in the evolving character of North Point Douglas who are prepared for the upkeep of an older home. A less obvious perspective is that its "below average" citywide metrics are actually its key advantage, allowing for equity building in a established neighborhood without the premium price tag of newer or more central areas.
Frequently Asked Questions
1. Why is the assessed value so much lower than the Winnipeg average?
Property assessments are heavily influenced by local market conditions. This value is consistent with North Point Douglas and reflects the area's more affordable price point compared to the city as a whole, not necessarily the condition of this specific home.
2. What should I know about owning a home built in 1908?
While offering classic charm, a home of this age will likely require diligent maintenance. Prospective buyers should prioritize a thorough inspection focusing on foundational integrity, updates to electrical/plumbing systems, and energy efficiency, as modern standards have changed significantly.
3. How does the living area compare to nearby homes?
The home offers more interior space than most on its street (ranking in the top 28%) and is on par with the neighborhood average. This means you're getting a relatively spacious layout for the immediate area.
4. What can past sale prices tell me?
The home sold within the $100K-$150K range in both 2017 and 2021. This indicates a history of stable, modest value in its market segment, without volatile price swings.
5. How can I find out the exact past sale prices?
The site provides sold price ranges. To obtain the exact figures, you must request a manual lookup via email, as this data is not sourced from the MLS system.