502 Stella Avenue

Property Overview

502 Stella Avenue is a one-and-a-half storey home built in 1903, offering a blend of historic character and practical space on a generous lot. Its key appeal lies in its solid, above-average land size for the Dufferin neighbourhood and a living area that provides comfortable room for a small household or first-time buyers. The detached garage adds functional value. This home suits buyers looking for an authentic character property with the space to personalize it over time, particularly those who value a larger outdoor plot in an established central neighbourhood. It’s a home that presents a clear opportunity for someone willing to take on a basement that hasn't been renovated and to steward a piece of Winnipeg's architectural history.

Frequently Asked Questions

1. How does the assessed value compare?
The home’s assessed value is above average for Stella Avenue and typical for the Dufferin area, but it is significantly below the citywide average. This indicates a property that holds solid value within its immediate locale, which can be attractive for neighbourhood-specific investment.

2. What should I know about the basement?
The listing notes the basement exists but is "not renovated." Prospective buyers should budget for inspections and potential updates, as this area likely requires modernization and may present an opportunity to add future living or utility space.

3. Is the lot size a significant feature?
Yes. At nearly 5,905 sqft, the land area is above average for Dufferin. This is a less obvious but valuable asset, providing more private outdoor space, gardening potential, or future expansion options than many nearby properties.

4. How does the living space compare to nearby homes?
At 1,121 sqft, the living area is very close to the average for both the street and the wider city. It offers a practical footprint that is typical for the home's style and era, neither exceptionally large nor small for its class.

5. What does the 1903 build date mean for me?
Built over 120 years ago, this home is notably older than most in the city and area. This appeals to those seeking classic charm and sturdy construction, but it necessitates a thorough review of major systems (like plumbing, electrical, and the foundation) for modern functionality and upkeep.