Property Overview

This one-and-a-half storey home on Stella Avenue in Winnipeg's Dufferin neighbourhood presents a specific and practical value proposition. Its key appeal lies in a renovated basement and a notably generous lot for the area, offering space and potential on a solid foundation. Built in 1948, it is a newer construction compared to many of its immediate neighbours. The living space, at 797 sqft, is compact, placing the home's value more in its land and location than in its interior square footage. This is reflected in its assessed value, which is consistent with the local area average but well below the citywide benchmark.

The property would suit a first-time buyer or an investor looking for an entry point into the market with a manageable footprint and clear, immediate utility. It's also a candidate for someone with a vision for gradual improvement, where the large lot could eventually accommodate additions or landscaping projects not possible on a standard city parcel. Its practicality outweighs grandeur, making it a home for those who prioritize location, lot size, and a renovated core space over expansive living areas.

Frequently Asked Questions

1. How does the home's size compare to others in the area?
The living area is below average for the street, neighbourhood, and city. This indicates a more compact, efficient layout rather than a sprawling home, which can mean lower utility costs and less maintenance.

2. What does the assessed value tell me about this property?
Its assessed value is very typical for Dufferin and Stella Avenue, but ranks in the top 3% lowest citywide. This highlights that property values in this specific area are significantly more affordable than the Winnipeg average, representing a distinct value segment.

3. The lot size is mentioned as a key feature. How significant is it?
At nearly 6,000 sqft, the lot is above average for the Dufferin neighbourhood. This is a substantial differentiator, offering more outdoor space, privacy, and potential for gardening, recreation, or future expansion than most nearby properties.

4. The home is noted as being "newer" than many neighbours. Is that an advantage?
Built in 1948, it is newer than the historic average for the street (1922). This can sometimes suggest updated core systems or construction methods compared to much older homes, though a full inspection is always necessary.

5. What is the immediate neighbourhood context like?
The listing shows several nearby properties on the same street with similar assessed values, suggesting a consistent and stable character for this block. The "For Reference" listing at 776 Stella Avenue, however, has a much larger living area and higher assessment, indicating a mix of property types and values within close proximity.