Property Overview: 167 Mcfarlane Street N, Winnipeg
Key Characteristics & Appeal
This home at 167 Mcfarlane Street N in North Point Douglas is a classic Winnipeg property with a story told through its data. Built in 1910, it’s one of the older homes on its street, offering historic character that stands out in its immediate area. With 1,169 sqft of living space and a 3,839 sqft lot, its size is very typical for the neighbourhood, fitting right in with the local housing fabric.
The primary appeal lies in its value proposition within the community. The assessed value of $172k is notably above the average for Mcfarlane Street N itself, suggesting it is a well-regarded property on its block. However, this value is significantly below the Winnipeg city-wide average, highlighting a substantial price differential between this established neighbourhood and the broader market. This creates an opportunity for entry into homeownership or investment at a relatively accessible price point for the city.
This property would suit a pragmatic, value-conscious buyer who appreciates older home charm and is focused on the North Point Douglas community. It’s a fit for someone who sees potential in a neighbourhood’s intrinsic value rather than chasing city-wide averages. The data suggests it’s a solid, average-sized home for the area that has maintained its condition well enough to command a strong assessed value relative to its immediate peers.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value ($172k) is for municipal tax purposes. The recent sold price range (CA$150k–200k) is a better indicator of market value, though the final sale price can be influenced by many factors not reflected in the assessment.
2. What does it mean that the home is "below average" compared to the city?
When compared to all Winnipeg homes, this property is smaller, on a smaller lot, older, and has a lower assessed value than the typical city home. This isn’t necessarily negative; it reflects the character and pricing of the established North Point Douglas area versus newer suburban developments.
3. As a 1910 home, what should I be concerned about?
Any home over a century old will require diligent inspection. Key focuses should be the foundation, roof, wiring, plumbing, and insulation. Its age is typical for the street, but modern updates and ongoing maintenance are crucial.
4. The lot size seems smaller than the street average. Is that a problem?
At 3,839 sqft, the lot is slightly smaller than the immediate street average but is actually very close to the average for the wider North Point Douglas area (3,816 sqft). It is a standard-sized city lot for this neighbourhood.
5. How can I find out the exact price it sold for?
The site provides sold price ranges for general research. Due to industry regulations, exact sale prices are not published online here. You can request the exact sold price history by emailing the site directly for a manual lookup.