Property Overview
This single-storey home at 1086 Stardust Avenue presents a distinct value proposition centered on its generous lot. Built in 1965, the 1,186 sqft house is modest in size compared to neighbors, but it sits on a significantly larger-than-average 9,600 sqft parcel of land. Key features include a renovated basement and a detached garage. Recent sale history and a current assessed value near $35,800 indicate it has been a lower-priced entry point in the Leila-Mcphillips Triangle area.
Key Characteristics & Appeal
The primary appeal of this property is its land. The lot size is in the top 10% for the street and neighborhood, offering substantial outdoor space that is uncommon for homes in this price range. This makes it ideal for buyers seeking room for gardens, play areas, future expansions, or simply more privacy. The renovated basement adds functional living space. Its appeal is practical rather than luxurious, suited for first-time homebuyers, investors, or downsizers who prioritize land size over a large or modern house. It’s a property where the value is more in the ground it sits on and its potential, rather than in the existing structure. A thoughtful perspective is that while the home itself is below average in size and age for the immediate area, it offers a chance to own a sizable lot in an established neighborhood without the premium price of a larger home.
Frequently Asked Questions
1. Is the low assessed value a concern?
Not necessarily. It reflects the home’s older age and modest size relative to the neighborhood. It typically results in lower property taxes, which is an ongoing cost savings for the owner.
2. What does the "renovated basement" include?
The listing does not specify the scope. It is essential to verify the permits, quality of finish, and whether it includes moisture-proofing, as basements in older homes can be prone to dampness.
3. How does the lot size compare to a typical city lot?
The 9,600 sqft lot is approximately 50% larger than the Winnipeg city-wide average of about 6,570 sqft, representing a significant amount of extra yard space.
4. Who would this property not suit?
Buyers looking for a move-in-ready, modern home with ample above-grade square footage may find it limiting. It’s better suited for those comfortable with a compact layout or who see value in the land for future projects.
5. Why have there been two sales since 2016?
The sales history (2016 and 2019) could indicate investor activity, homeowner turnover, or estate sales. It does not inherently signal a problem but warrants asking about the reasons for sale and what changes were made between transactions.