Property Overview: 464 Stella Avenue, Winnipeg

Key Characteristics, Appeal & Ideal Buyer

This home is defined by its generous proportions and historic roots. Built in 1904, it offers substantial living space (2,100 sq ft) that ranks well above average for both its immediate street and the Dufferin neighbourhood. The lot size is also notably above average for the area. This creates a rare combination in an older community: a spacious interior on a sizeable parcel of land. The house is a classic Two & 1/2 Storey style with a basement, but it has not been renovated, and there is no garage or pool.

Its primary appeal lies in its potential. The above-average square footage and lot size provide an excellent canvas for a buyer looking to customize a character home to their own taste. It suits a practical buyer who values space and location over move-in-ready finishes—think renovators, investors looking for a value-add project, or families seeking a long-term home they can shape over time. A thoughtful perspective is that its assessed value is very modest compared to the city-wide average, which may indicate a favourable tax situation or a unique value proposition for the square footage offered, albeit with the understanding that updates are needed.

Frequently Asked Questions

1. What does "not renovated" typically mean for a house of this age?
It generally indicates that core systems (like plumbing, electrical, heating) and major finishes (like kitchens and bathrooms) likely retain much of their original character and may require updating to meet modern standards and preferences.

2. The assessed value seems low. Does that reflect the sale price?
Not directly. Municipal assessed value is used for calculating property taxes and often lags behind market value. The home’s previous sale prices and current market conditions are better indicators of its likely selling price.

3. How significant is the lack of a garage?
This is a common feature in older neighbourhoods. Buyers should consider the cost and feasibility of adding a garage or relying on street parking, which is typical for the area.

4. The home ranks very low city-wide for year built. Is that a concern?
It highlights that the home is among the oldest in Winnipeg. This isn’t inherently a problem, but it underscores the importance of a thorough inspection to understand the condition of the foundation, structure, and historical systems.

5. The living space is large for the area. How might that affect the layout?
While offering more room, the floor plan in a 1904 home may be compartmentalized with smaller, distinct rooms compared to an open-concept modern build. This appeals to those who appreciate defined spaces but may require planning for any desired layout changes.