Property Overview: 835 Stella Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home in Winnipeg's Dufferin neighbourhood, built in 1924. With 848 sqft of living space and a recently renovated basement, it offers efficient, low-maintenance living. The property stands out for its very low municipal assessed value of $160k, which is notably above average for its immediate street and area, suggesting a favourable tax assessment relative to nearby homes. The lot size is modest at 3,648 sqft, typical for the core neighbourhood.
The primary appeal lies in its affordability and entry-point positioning in the market. It suits first-time buyers seeking a pragmatic foothold in homeownership, or investors looking for a character home with a solid baseline value and rental potential (basement suite). A less obvious perspective is its appeal to those who value predictability in carrying costs; the assessed value being proportionally higher than the physical size may indicate stability, but it also means the value is already recognized in the tax roll, not waiting to be "discovered." It’s a home for those who prioritize financial pragmatism and a simpler layout over spaciousness or modern builds.
Frequently Asked Questions
1. Is the home smaller than average?
Yes. At 848 sqft, the living area is below the average for both the local area and the city overall. This contributes to its affordability and manageable scale.
2. What does the "above average" assessed value mean for me?
While a higher assessment compared to neighbours can indicate the municipality sees solid value, it primarily influences your property tax bill. It's a key data point to compare against the sale price to understand the municipal valuation versus market value.
3. What is the neighbourhood like?
The home is in the established Dufferin area, characterized by older homes and mature streetscapes. The listing shows nearby properties of similar vintage, suggesting a consistent, long-developed community feel.
4. Is the land size a limitation?
The lot is under 4,000 sqft, which is smaller than many in the city. This means lower outdoor maintenance but also limited space for expansions, large gardens, or additions. It's a practical urban lot.
5. How does the 2016 sale price compare to the current assessment?
The home sold for $145,000 in 2016. The current assessed value of $160k is moderately higher, reflecting municipal value adjustments over the intervening years. This history provides context for the current price trajectory.