Property Overview: 856 Stella Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey character home built in 1910, situated on a standard city lot in the Dufferin neighbourhood. Its key characteristic is its modest scale, with a living area of 808 sqft that is notably smaller than most comparable homes in the area. The home features a detached garage and a basement that is present but not renovated.
The primary appeal lies in its position as an accessible entry point into the Winnipeg market. With a relatively low assessed value and a recent sale price of $80k, it represents a rare opportunity for budget-conscious buyers seeking homeownership. It suits a specific type of buyer: first-time purchasers, investors looking for a rental property, or hands-on individuals willing to live in a project. The home’s smaller size and vintage also mean lower utility costs and a manageable footprint for a single person or couple. A less obvious perspective is that its smaller-than-average lot, while not expansive, translates to less exterior maintenance—a practical consideration for those with limited time or resources.
Section 2: Frequently Asked Questions
1. What is the condition of the basement?
The listing explicitly states the basement is "not renovated." Buyers should anticipate it being in original or utility condition, likely requiring significant work to become finished living space.
2. How does the home's size compare to others?
At 808 sqft, the living area is below average for the street, neighbourhood, and city-wide. It ranks in the bottom 15-20% for size among homes on Stella Avenue itself.
3. Is the $80k sale price from 2023 reflective of its value?
That sale establishes a recent benchmark. The home's assessed value is significantly lower, which may influence property taxes, but the sale price is the most current market indicator.
4. What are the implications of the home's age?
Built in 1910, the home is older than the city-wide average. This can mean character and established neighbourhood roots, but also warrants thorough inspections for aging infrastructure like plumbing, wiring, and the foundation.
5. Who might this property not be suitable for?
It is likely not a fit for families needing multiple bedrooms or ample living space, or for buyers seeking a move-in-ready home without immediate renovation projects, particularly concerning the basement.