Property Overview: 246 Stuart Avenue, Winnipeg
Key Characteristics & Appeal
This home stands out on its street and within the River East neighborhood for its modern build and premium valuation. Built in 2003, it is notably newer than most surrounding homes, ranking in the top 1% for its year of construction both on Stuart Avenue and in the broader area. This suggests a property with likely fewer immediate maintenance concerns and more contemporary building standards.
Its primary appeal lies in its combination of space, a generous lot, and a strong market position. The 1,444 sqft living area is comfortably above average for the street, and the 8,109 sqft lot size offers ample outdoor space, ranking well above the city average. The assessed value of $513k is elite for the street (top 3%) and above average for the neighborhood and city, indicating a property that is highly valued relative to its peers.
This home would suit buyers looking for a move-in-ready property in a mature neighborhood without the typical age-related issues of older homes. It’s ideal for those who value both indoor living space and substantial outdoor room, and for buyers who see value in a home that already holds a top-tier assessed value on its block, potentially signaling a sound long-term investment.
Frequently Asked Questions
1. Why is the assessed value so much higher than neighboring homes?
The assessed value reflects the property's relative advantages, primarily its much newer construction date (2003 vs. a 1965 street average) and its above-average living area and lot size. These factors combine to place it in an elite valuation tier on this specific street.
2. How does the lot size compare to newer subdivisions?
At over 8,100 sqft, the lot is significantly larger than the Winnipeg average of 6,570 sqft for comparable homes. This offers more private outdoor space than is typically found in many modern developments.
3. What does the "Sold Price" data from 2016 tell us?
The 2016 sale price placed in the top 8% for the street at the time, showing a history of premium valuation. This provides context for the current high assessment, suggesting a consistent market position.
4. Is the living area considered large for Winnipeg?
At 1,444 sqft, it is slightly above the citywide average. Its strength is more pronounced on its own street, where it ranks in the top 12%, offering more space than most direct neighbors.
5. How can I verify the exact historical sold prices?
The site provides sold price ranges for reference. Due to data licensing rules, exact sold prices are not displayed publicly. You can request the full, verified transaction history directly via email through the provided site function.