Property Overview & Key Characteristics

This one-storey home at 813 Stella Avenue in Winnipeg's Dufferin neighbourhood is a compact, historically grounded property. Its key appeal lies in being an affordable entry point into the market with a recently renovated basement, offering immediate livability without a major project. At 721 sq ft, the living space is notably smaller than most area homes, positioning it for buyers comfortable with efficient living or those seeking a minimalist footprint.

The home sits on a roughly 3,683 sq ft lot, which is average for the immediate street but offers potential for outdoor space or future expansion relative to the home's size. Built in 1942, it is newer than many neighbouring houses, which can be an advantage for foundational integrity. A detached garage provides additional storage or workshop space. The recent sale in September 2024 suggests a current and active market valuation.

This property would best suit first-time buyers, downsizers, or investors looking for a straightforward, lower-maintenance holding. Its scale makes it manageable, while the renovated basement adds functional space. It’s a practical choice for someone prioritizing location and lot potential over interior square footage, in a neighbourhood filled with character homes.

Frequently Asked Questions

1. Is the house too small?
At 721 sq ft, the main floor living area is significantly below the neighbourhood average. However, the renovated basement effectively doubles the usable space, making it more functional than the initial square footage suggests. It suits those who value efficient design.

2. What does the assessed value indicate?
The city's assessed value is consistently average for Stella Avenue and Dufferin, but very low citywide. This typically reflects the home's modest size and the neighbourhood's overall affordability rather than condition, especially with a recent renovation noted.

3. How does the lot size impact value?
The lot is average for the street but smaller than the city average. For the right buyer, this is a positive: it provides outdoor space without being burdensome to maintain and holds potential for a future addition, given the smaller existing structure.

4. Are older homes a concern?
Built in 1942, this home is actually newer than many on its street. While still an older property requiring diligent maintenance, its age ranks favorably in the immediate context, potentially meaning fewer antiquated features than some neighbours.

5. Who are the typical buyers in this area?
Dufferin attracts a mix of first-time homeowners, long-term residents, and investors due to its central location and classic Winnipeg character. This particular home, with its recent sale and manageable scale, likely appeals to those seeking an entry point or a low-maintenance property.