Property Overview: 552 Stella Avenue, Winnipeg
Key Characteristics & Appeal
This is a classic, one-storey home built in 1948, situated on a notably generous lot in the Dufferin area. Its key features include a renovated basement and a detached garage. The 910 sqft living space is modest and below the city average, suggesting a cozy, efficient layout. The true standout is the 7,056 sqft land area, which is significantly larger than most lots in both the neighbourhood and city-wide, offering ample outdoor potential.
The appeal lies in a balance of established character and practical updates, anchored by exceptional outdoor space. It suits first-time buyers or downsizers looking for a manageable single-level home without sacrificing yard size. It’s also a fit for those with a vision for gardens, outdoor living, or future expansion, where the land itself is a primary asset. A thoughtful perspective is that while the home’s size is unassuming, its lot size and newer-than-average construction for the street offer a unique value proposition: a relatively younger post-war home on a parcel of land that is now rare to find.
Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its compliance with local regulations if considering rental income.
2. How does the assessed value relate to the expected sale price?
The municipal assessed value is $15,100, which is typical for the street. However, sale prices are determined by the market. The last recorded sale was in 2019 for $14,900, so a current market evaluation is essential.
3. What does the lot size practically allow for?
At over 7,000 sqft, the lot is substantially larger than the standard Winnipeg lot (~5,000 sqft). This could allow for extensive landscaping, a large garden, adding a shed or workshop, or providing significant distance from neighbours.
4. What are the implications of the home’s below-average living area?
The 910 sqft layout will be compact. It emphasizes efficient use of space and likely lower utility costs, but may require creative storage solutions. It’s ideal for those prioritizing low-maintenance living indoors with ample space outdoors.
5. How does this home compare to others on the street?
Data shows this home is newer than most on Stella Avenue and sits on a larger-than-average lot for the street. Its living area is smaller than many neighbours, but its assessed value is consistent with the local norm, suggesting the lot and condition contribute to its value.