Property Overview: 245 Stuart Avenue, River East, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,076 sqft bungalow, built in 1960, presents a straightforward opportunity in Winnipeg's River East neighborhood. Its primary appeal lies in its solid positional value. The home sits on a modest, manageable lot (5,261 sqft) that is smaller than most on its street, which can mean less maintenance. With an assessed value of $333k, it is priced below the neighborhood average, offering a relatively accessible entry point into the area.
The data suggests a home that is unexceptional in size or assessed value but consistently average or better when compared city-wide. This positions it as a practical, no-surprises property. It would suit first-time buyers seeking a stable foothold in a mature community, or downsizers looking for a manageable space without leaving a familiar neighborhood type. A thoughtful perspective is that its smaller lot and "around average" metrics city-wide could indicate less competition and more negotiation room compared to standout properties, appealing to the value-conscious buyer who prioritizes location over lot size.
Section 2: Frequently Asked Questions
1. How does the lot size impact this property?
The lot is notably smaller than others on Stuart Avenue and in River East. This typically translates to less yard maintenance, which can be a benefit, but may limit expansion possibilities or outdoor space compared to neighbors.
2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $333k is a municipal calculation for tax purposes, not a market appraisal. It serves as a useful benchmark, showing the home is valued below the neighborhood average. The final sale price will be determined by current market conditions, the home's state, and buyer demand.
3. What does the sold price history from 2016 tell us?
The home sold for between $250k-$300k in late 2016. This historical data provides context for its appreciation but does not predict the current market value, as significant time has passed and market conditions have changed.
4. How does this home compare to others in the area?
The home is slightly older and smaller than the River East neighborhood average. However, its assessed value ranks in the top 82% for the area, meaning it is considered more affordable than most homes here, offering value within the community.
5. Where can I get verified sale history and exact figures?
The provided data is compiled from public sources. For a full transaction history and exact sold prices, you must request a manual lookup from the site via email, as MLS data is not displayed due to industry rules.