Property Overview
This bi-level home at 713 Stella Avenue in Winnipeg's Dufferin neighbourhood presents a distinct profile. Built in 2018, it is a modern outlier on a street and in an area dominated by century-old homes. With 961 sqft of living space, a detached garage, and an unrenovated basement, it offers a practical, low-maintenance footprint. Its standout characteristic is its very recent construction, placing it in the top 2% of homes on its street by age. This is coupled with an assessed value that ranks significantly above average for the immediate area, suggesting a premium for its newness in a historic context.
Key Characteristics & Appeal
The primary appeal of this property lies in its modern build within an established, character-rich neighbourhood. Buyers gain the benefits of contemporary construction—likely newer systems, insulation, and building codes—without the typical upkeep of a heritage home. Its bi-level design and modest square footage make it efficient and manageable.
This home would suit a specific buyer: perhaps a first-time homeowner or downsizer seeking a modern, "lock-and-leave" property who values the mature trees and settled feel of Dufferin over a newer suburban subdivision. It’s also a pragmatic choice for an investor looking for a relatively new rental property in a central location with lower maintenance demands. A thoughtful perspective is that this house offers a compromise—it allows one to enjoy the neighbourhood ambiance without the renovation projects and potential surprises common to its older neighbours.
Frequently Asked Questions
1. Why is the assessed value so high compared to other homes on the street?
The assessed value ($23.5k) ranks in the top 9% for Stella Avenue, which is directly attributable to its 2018 construction year. Assessed values factor in the age and condition of a property, so a nearly new home commands a premium compared to the much older average home on the block.
2. What does "basement yes, not renovated" imply?
This indicates the home has a basement, but it is in a basic, unfinished state. It provides valuable utility and storage space but would require investment to be converted into livable recreational or rental space.
3. How does the living space compare to the area?
At 961 sqft, it is slightly below the average for the Dufferin area (avg. 1,112 sqft) and the city. This reinforces the home's efficient, compact design, which may appeal to those seeking easier maintenance and lower utility costs.
4. The home sold in 2019 for a very similar price to its current assessed value. What does that indicate?
The sale price in October 2019 was $23.4k, virtually identical to the current assessed value. This suggests a stable valuation in its micro-market, with the assessed value closely reflecting its recent sale price in a relatively short timeframe.
5. Is the land size a limitation?
The lot is 3,681 sqft, which is average for Stella Avenue but below the citywide average. It provides adequate outdoor space for a small yard or garden. For this type of home, the land size is typical and proportionate, not a standout limitation or feature.