Property Overview: 790 Stella Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey character home built in 1904, situated on a standard city lot in the Dufferin neighbourhood. Its primary appeal lies in its position as an accessible entry point into the Winnipeg market. With a living area of 846 sqft, it is notably smaller than most comparable homes in the area, suggesting a simpler layout that is easier to maintain. The home has an unfinished basement and no garage, indicating a project-ready canvas for a buyer.
The property’s assessed value is modest and aligns with the local area average, but it sits well below the city-wide average, highlighting its affordability. This isn't a modern or expansive home; its appeal is grounded in practicality and potential. It would suit a first-time buyer comfortable with a "blank slate," an investor looking for a straightforward rental property, or someone seeking a minimalist footprint without the premium of a newer build. A thoughtful perspective is that its smaller size and lower operating costs could offer financial flexibility, and its established age in a neighbourhood of similar vintage provides a sense of authentic, unpretentious character.
Section 2: Frequently Asked Questions
1. How does the size of this home compare to others nearby?
At 846 sqft, the living area is below average for homes on Stella Avenue and within the Dufferin neighbourhood. This means it is more compact than many surrounding properties.
2. What does the assessed value tell me about this property?
The assessed value is around the average for its immediate street and neighbourhood, but it is significantly lower than the average for the entire city. This typically indicates a more affordable price point within Winnipeg.
3. Is the basement usable?
The listing specifies the basement exists but is "not renovated." It is unfinished, meaning it offers raw space for storage or future development but is not currently a finished living area.
4. What should I consider about the age of the home?
Built in 1904, the home is older than most in the city. This can mean charming character but also suggests that systems like wiring, plumbing, and the foundation may require inspection and potential updates.
5. Are there similar properties for comparison?
The listing provides examples like 776 Stella Avenue (larger, higher value) and 1315 Arlington Street (smaller, lower value). This shows a range of options in Dufferin, with 790 Stella Avenue sitting in a middle ground of assessed value on a per-property basis.