Property Overview: 238 Stuart Avenue, Winnipeg
Key Characteristics & Appeal
This home on Stuart Avenue in River East presents a practical opportunity centered on its generous lot. At just over 8,100 sqft, the land area is notably larger than most comparable properties on the street, in the neighborhood, and across Winnipeg. This is the home's standout feature, offering clear potential for gardening, expansion, or simply more private outdoor space than is typical.
The house itself, built in 1953, is older than most in the immediate area. Its living space (1,036 sqft) and assessed value ($321k) are generally below the local averages, positioning it as a more accessible entry point into the neighborhood. The most recent sale price fell within the $300k-$350k range, aligning with this value proposition.
Its appeal lies in this balance: a sizable, above-average lot with a modest, manageable home on it. It would suit first-time buyers or downsizers looking for a foothold in a stable neighborhood without a premium price tag, particularly those who value outdoor space over a large interior. A thoughtful buyer might see the older home on a large lot not as a drawback, but as a canvas for renovation or a long-term hold in an area where land is a appreciating asset.
Frequently Asked Questions
How does the lot size compare to nearby homes?
The lot is a key advantage. At 8,169 sqft, it is larger than approximately 80% of lots in River East and nearly 90% of lots city-wide for comparable homes.
Is the home smaller than others in the area?
Yes. With 1,036 sqft of living area, it is below the neighborhood average. This is reflected in its assessed value, which is also below the local average, suggesting the price accounts for the more compact living space.
When was it last sold and for approximately how much?
The property sold in December 2023. The sold price range was between $300,000 and $350,000.
The home was built in 1953. Is it much older than its neighbors?
Yes. It is notably older than most homes on Stuart Avenue and in the wider River East area, where average build years are 1965 and 1976, respectively. This may indicate different architectural character or potential for older-home maintenance considerations.
How can I find out the exact historical sold prices?
The provided sold price data is presented as a range. To obtain fully verified and exact transaction figures, you must request a manual lookup via email through the listing site, as this information is not sourced from the MLS.