Property Overview: 757 Stella Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home in the Dufferin neighbourhood, built in 1911. With 810 sqft of living space and a 3,682 sqft lot, it sits below the city averages for size but is fairly typical for its immediate area. The home features a detached garage and an unrenovated basement. It last sold in June 2024.
Its primary appeal lies in its position as an affordable, no-frills entry point into homeownership. The assessed value is modest, especially compared to the city-wide average, suggesting a lower property tax burden. It suits a specific buyer: a handy first-time purchaser, an investor looking for a rental property, or someone seeking to minimize housing costs. The lot size, while not large, offers potential for outdoor space or future expansion relative to the home's footprint. A thoughtful perspective is that this property represents the "bones" of a home—its value is in the land and the structure, leaving the new owner to create equity through personalization and updates over time.
Section 2: Frequently Asked Questions
1. How does the home's size compare to the neighbourhood?
At 810 sqft, the living area is below average for both Stella Avenue and the wider Dufferin area, placing it in the smaller third of homes locally. This indicates a cozy, efficient layout.
2. What does the assessed value tell me?
The assessed value is significantly below the Winnipeg city average, but is around the typical mark for Stella Avenue and Dufferin. This generally points to a more affordable purchase price and correspondingly lower property taxes.
3. Is the basement usable?
The listing notes the basement exists but is "not renovated." Buyers should budget for potential upgrades and investigate its current condition, moisture levels, and ceiling height to determine suitability for living or storage space.
4. What are the implications of the home's age?
Built in 1911, the home is older than most in Winnipeg. While this can add character, it necessitates a thorough inspection for foundational integrity, wiring, plumbing, and insulation to understand any needed maintenance or updates.
5. Who might the nearby "similar assessed value" properties be relevant for?
These listings are useful for investors or buyers focused primarily on tax and valuation comparisons. They are not similar in style or location, but indicate what price point you might expect in other Winnipeg neighbourhoods.