Property Overview: 426 Stella Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a classic one-and-three-quarter storey character property built in 1898, situated in the Dufferin neighbourhood. Its key appeal lies in its generous 6,845 sqft lot, which is notably larger than most in the area and across Winnipeg, offering significant outdoor space and potential. With 1,088 sqft of living space, the house itself is modest and typical for the street, featuring a basement that is present but not renovated. There is no garage or pool.
The property suits buyers looking for a historic home with land, who are prepared for the realities of an older structure. It is a prime candidate for those with a vision for renovation or expansion, where the value is anchored in the land and heritage charm rather than modern finishes. The assessed value is significantly below the citywide average, suggesting it may be an accessible entry point into homeownership or a strategic investment for the long-term, patient buyer. Its recent sale history indicates a stable, modest value within its immediate locale.
Section 2: Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean?
This is a traditional architectural style where the second floor has slightly less full-height ceiling space than the main floor, often featuring dormer windows. It's characteristic of many of Winnipeg's older homes and offers a unique layout compared to a standard two-storey.
2. How significant is the large lot size?
The lot is a major feature. It's above average for both the neighbourhood and the city, providing rare space for gardens, recreation, or future additions like a garage, workshop, or expanded living areas, subject to zoning.
3. Should the 1898 build date be a concern?
It indicates a heritage-era home with inherent character but also requires careful attention. Buyers should prioritize a thorough inspection for the foundation, wiring, plumbing, and insulation to understand the scope of any needed updates or repairs.
4. Why is the citywide assessed value so much lower than the average?
The assessed value is based on the property's value relative to similar homes. This figure reflects its age, condition, and location within the broader Winnipeg market. It's more meaningful to compare it to the local Dufferin and Stella Avenue averages, where it aligns more closely.
5. What is the neighbourhood like?
Dufferin is an established, central neighbourhood with a mix of historic homes. Being close to similar properties on Stella Avenue suggests a consistent streetscape. Prospective buyers should visit at different times to gauge traffic, noise, and community feel personally.