497 Stella Avenue

Dufferin, Winnipeg

Property score

49.0

Below average

Overall 49.0 · Compared with neighbourhood average

Located in a average-income area with median household income of ~50k

Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 2 dining spots, 4 schools, 1 shop, and 1 park nearby

Living Area

No data

Compared with neighborhood avg.

Year Built

No data

Compared with neighborhood avg.

Mother tongue

English · 75%Tagalog · 7%

At the time of the last annual property tax assessment, this parcel was still vacant land, so we do not have related building information to show yet. A new home may exist by now—if you need accurate details, contact us using the option in the lower-right corner of the page and we will provide timely information.

Past 10 years Dufferin sales snapshot (~80% of all data)

Sold Count

160

Median price

168.5k

$/sqft

$100/sqft

Avg build year

1925

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Property score

49.0 is composed by the two sections below.

Property Score

54.8Fair
Living Area50
Fair
Year Built50
Fair
Lot Size88
7,356 sqftExcellent
Neighbourhood Sales Activity32
Low

Community Score

40.3Low
Household Income56
Fair
Education Level10
Low
Housing Stress63
Fair
Core Housing Need25
Low
Employment Health15
Low

Neighbourhood Sales

Dufferin

How to read: Share of sales in each ~$50k price band for “dufferin” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

1,196

sold

1,852

new listings

Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba

Sold Above Asking

65%

Majority sold above asking

68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026

With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110055

Community deep dive

$50K

Median household income

$68K

Average household income

26%

Low income (LIM-AT)

0.2

Income inequality (Gini)

3.5

P90 / P10 ratio

31%

Single-person households

10%

Families with children

Population, labour & age

Population (2021)494
Labour force participation rate40%
Median age33.2
Avg household size2.6
Unemployment rate24%
Population density851 / km²

Households & income

Low income (LIM-AT, % pop.)26%
Single-person households31%
Couple families with children10%
Median household income (2020)$50K

Housing

Renter households47%
Condominium dwellings0%
Median dwelling value (owners)$150K

Diversity, education & language

Immigrants (share of pop.)18%
Visible minority19%
Bachelor's or higher (25–64)9%
Mother tongue (1st)English · 74%
Mother tongue (2nd)Tagalog · 7%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

Tax-Assessed Value

below average
50k
0255075100
Same streetBottom 1%Same areaBottom 1%CitywideBottom 1%
Same street · Stella Avenue
#188 / 187
Bottom 1% · Avg 144.2k
Same area · Dufferin
#467 / 474
Bottom 1% · Avg 145.1k
Citywide · Winnipeg
#194,444 / 194,458
Bottom 1% · Avg 390.1k

Year Built

Lot Size

above average
7,356 sqft
0255075100
Same streetTop 17%Same areaTop 11%CitywideTop 14%

To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

497 Stella Avenue — 11 amenities found within 500 m, across 6 categories, including 2 dining (nearest 291 m), 4 education (nearest 151 m), 1 shopping (nearest 328 m).

Search radius
🍽️Dining2
🏫Education4
🛒Shopping1
🌳Parks1
Fuel Stations1
Worship2

Crime & Safety

Dufferin · WPS public data · 2026

Annual incidents

38

2026

vs. city avg

+29%

relative to avg

Year-over-year

-92%

vs. prior year

Primary type

Property

45%

Sales History

Sold 12/2020CA$150k–200k
Sold price

Same street

Top 27%

Same area

Top 30%

City-wide

Bottom 5%
Sold 10/2017CA$100k–150k
Sold price

Same street

Bottom 26%

Same area

Bottom 34%

City-wide

Bottom 1%

Related homes

Highlights & common questions: 497 Stella Avenue, Winnipeg

Property Overview

497 Stella Avenue is a unique property defined by its significant land size and very low municipal assessment. Its appeal is highly specific, centered on the potential of the land itself rather than the existing structure.

The standout feature is the 7,356 sqft lot, which is substantially larger than average for the street, neighborhood, and even city-wide. This presents a clear opportunity for expansion, redevelopment, or simply enjoying a larger-than-typical yard in the Dufferin area. The home itself, with a notably low assessed value that ranks at the very bottom of comparable properties, suggests it is likely a teardown, a major fixer-upper, or a very modest structure. It last sold in 2020 for $160k, which is significantly higher than its current assessed value, indicating the market price is driven by the land value.

This property would suit a specific type of buyer: developers or investors eyeing the lot for a future build, or hands-on owner-builders looking for a blank canvas project where the primary value is in the soil, not the existing house. It is not a move-in-ready home.

Frequently Asked Questions

1. Why is the assessed value so low compared to the sale price?
The assessed value is typically based on the property's state at a fixed point in time for tax purposes. The large discrepancy suggests the city's assessment reflects a very low value for the building itself. The market sale price captures the premium for the large, developable lot.

2. What can I actually do with such a large lot?
Beyond a spacious yard, the lot size may allow for additions, building a new primary residence, or potentially subdividing the lot, subject to all City of Winnipeg zoning bylaws, permits, and approvals. This is a key point for due diligence.

3. Is this a good investment?
As an investment, it's speculative and project-dependent. Its value is almost entirely in future potential. You are paying for land and opportunity, not a finished asset. Success depends on your plans, construction costs, and market timing.

4. What are the risks with a property like this?
The primary risks involve the condition of the existing structure, which may require demolition or significant remediation. Development costs, permit timelines, and potential hidden issues with the land (soil, services) must be thoroughly investigated.

5. How does the low assessment affect property taxes?
While taxes are based on the assessed value, a new construction or major improvement will trigger a reassessment, significantly increasing the tax burden. Budget for both current low taxes and future, higher taxes post-development.