Property Overview
52 Stinson Avenue is a compact, single-family home in Winnipeg's Lord Roberts neighbourhood. Built in 1976, it offers 812 square feet of living space on a 1,163 square foot lot. The home stands out for its very recent construction relative to its immediate area, yet it presents a notably low assessed value compared to other homes on its street and across the city.
Key Characteristics & Appeal
This property’s primary appeal lies in its position as a modern outlier in an older, established neighbourhood. While its living space and lot size are below average for the area, it is the newest home on Stinson Avenue, which could mean fewer immediate concerns with aging infrastructure. Its extremely low assessed value suggests it is likely a fixer-upper or a very modestly finished home, representing a potential entry point into the market.
It would best suit a first-time buyer, an investor looking for a rental property, or a hands-on owner willing to update the home. Its size and value make it a practical, no-frills option for someone prioritizing location and the bones of a relatively newer structure over square footage or turn-key condition. A thoughtful perspective is that this home offers the chance to add value through renovations in a neighbourhood where newer builds are rare, allowing an owner to potentially customize a space to modern tastes over time.
Frequently Asked Questions
1. Why is the assessed value so much lower than other homes?
The assessed value is typically based on factors like size, condition, and market trends. Given this home’s below-average living area and lot size, along with its ranking as the lowest-valued property on its street, the assessment likely reflects a more basic condition or finish level compared to neighbours.
2. What does it mean that it’s the newest home on the street?
Built in 1976, this home is newer than the average house in Lord Roberts. This can be an advantage, potentially indicating updates to core systems like wiring or plumbing that align with more modern standards, though a specific inspection would be needed to confirm its current state.
3. Is the lot size a significant drawback?
At 1,163 sq ft, the lot is smaller than most in the area. This means minimal outdoor maintenance but also limited space for expansions, large gardens, or extensive outdoor recreation. It suits those seeking a low-maintenance yard.
4. How does the sold price history help?
The home sold between $150k-$200k in 2017. This historical range provides a benchmark, but the current market value will depend on present condition, market trends, and any changes made since that sale.
5. Who should consider requesting the exact sold price history?
Serious buyers or investors who are comparing this property’s past sale to current listings would benefit from the precise figure. It helps in formulating a data-informed offer and understanding the property’s financial trajectory.