Property Overview: 176 Mcfarlane Street N, Winnipeg
Key Characteristics & Appeal
This home is a compact, historic property built in 1896, offering a unique entry point into Winnipeg’s North Point Douglas neighbourhood. Its primary appeal lies in its value proposition and lot size. With a living area of 774 sq ft, the house itself is notably smaller than most in the city, but it sits on a 4,079 sq ft lot that is larger than many in the immediate area. This presents a classic "value in the land" scenario.
The assessed value of $139k is very close to the average for both its street and neighbourhood, yet it sits significantly below the city-wide average, highlighting its affordability within the broader Winnipeg market. Its last known sale was between 2016-2025 for an estimated $100k-$150k.
This property would best suit a specific type of buyer: a hands-on individual or investor looking for an affordable footprint in a central neighbourhood. It’s a potential candidate for a live-in renovation, with the generous lot size offering room for expansion, a garden, or future development. It’s less suited for those seeking a move-in-ready, spacious home without renovation plans.
Frequently Asked Questions
1. Is this a small house?
Yes. At 774 sq ft, the living space is well below average for Winnipeg. This indicates a cozy, likely character-filled home that requires efficient use of space.
2. Why is the assessed value so much lower than the city average?
The assessed value reflects local market conditions in North Point Douglas, which differ from the city-wide average. It aligns closely with values on its street and in the neighbourhood, indicating the assessment is consistent with the area rather than an outlier.
3. What does the lot size mean for me?
At over 4,000 sq ft, the lot is a key feature. It’s larger than many in the neighbourhood, offering valuable outdoor space, potential for additions, or simply more breathing room than newer, denser developments.
4. How old is the house, and what should I consider?
Built in 1896, the home is over 130 years old. Prospective buyers should budget for and prioritize a thorough inspection. Historic charm comes with the responsibility of understanding and maintaining older electrical, plumbing, and structural systems.
5. How can I find out the exact past sale price?
The site provides sold price ranges for general research. To obtain the exact sale price and full transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS system.