Property Summary: 38 Stack Street, Winnipeg
Section 1: Key Characteristics & Appeal
This 1974-built home in River West Park presents a specific value proposition. At 1,066 sqft, its living space is modest, ranking below average for its immediate neighborhood, but it sits on a well-sized lot of nearly 6,000 sqft. The assessed value of $416k is above average for its street but below the broader neighborhood average, suggesting it may offer relative value within its most direct locale.
The primary appeal lies in its positioning as a competitively priced entry point into the neighborhood. It suits practical buyers—first-time homeowners, downsizers, or investors—who prioritize lot size and location over a large interior footprint. A thoughtful perspective is that while the home is smaller than many in River West Park, its lot offers potential for expansion or outdoor living, a trade-off that can be attractive. Its city-wide metrics are generally around average, indicating it represents a solid, middle-of-the-market Winnipeg property rather than an outlier.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to nearby properties?
The living area is below the neighborhood average. However, on its own street, it is only slightly smaller than the average home, and it is close to the city-wide average for Winnipeg.
2. Is the assessed value reasonable for the area?
The assessed value is above the average for Stack Street itself but below the average for the wider River West Park neighborhood. This suggests the property is valued higher than its immediate neighbors but may still be priced below many larger homes in the area.
3. What is the potential based on lot size?
The lot is larger than many city-wide and is a standout feature relative to the home's size. This could be appealing for those interested in gardening, outdoor space, or future additions, subject to local zoning.
4. How stable has the property’s value been?
Based on available sold price ranges, the property sold between $350k-$400k in both 2020 and 2022, indicating a period of relative price stability during those years.
5. Where can I get exact historical sale prices?
The site provides sold price ranges. For fully verified and exact transaction figures, you must request a manual lookup via email, as this data is not sourced from the MLS system.