Property Summary: 729 Stella Avenue, Winnipeg

Key Characteristics & Appeal

This two-storey home on Stella Avenue in Dufferin is defined by its generous living space. At 2,244 sqft, it offers significantly more room than most comparable homes in its immediate area and ranks within the top 6% citywide for size. This is the property's standout feature, providing ample space for a growing family, dedicated work-from-home areas, or comfortable multi-generational living. The home includes a renovated basement and a detached garage.

Built in 1911, it carries the character and solid construction of its era, with a lot size that is typical for the neighbourhood. Its assessed value is notably modest compared to the Winnipeg city average, which may present an appealing value proposition for the right buyer. The appeal here is rooted in space and location over modern luxury. It would best suit practical buyers who prioritize square footage and established neighbourhood character, and who are comfortable with the maintenance considerations of a century-old home. It's a candidate for those looking to get more house for their dollar in a central community, possibly including value-conscious families or investors interested in the area's fundamentals.

Frequently Asked Questions

1. Why is the assessed value so much lower than the citywide average?
Assessed value for property tax purposes is not the same as market value. This lower assessment is common in older, established neighbourhoods like Dufferin and can result in relatively lower property taxes compared to homes of similar size in newer suburbs.

2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to determine the finish quality, ceiling height, moisture control, and whether it is a legal suite or simply improved living space.

3. Are there any concerns with a home built in 1911?
While offering charm, a home of this age requires diligent attention. Key points for investigation include the condition of the foundation, plumbing and electrical systems (which may have been updated), insulation, and the roof. A thorough pre-purchase inspection is essential.

4. How does the detached garage impact utility?
A detached garage provides secure storage and parking but means dealing with the elements when going between your car and house. It also occupies a portion of the yard, which at 3,681 sqft is a standard city lot size for the area.

5. The home sold recently in late 2022. What should I consider?
The previous sale was at a price point consistent with its assessed value. This recent transaction provides a clear, modern price benchmark, but it's important to understand why it was sold after a relatively short period and what changes, if any, have been made since.