Property Overview
529 Stella Avenue is a one-and-a-half storey home in Winnipeg's Dufferin neighbourhood. Built in 1951, it offers 1,140 sqft of living space and sits on a 3,149 sqft lot. The home features a basement but has not been renovated, and includes no garage or pool. Its most recent sale was in May 2023 for $170,000, with an assessed value of $160,000.
Key Characteristics & Appeal
This home presents a practical, no-frills entry point into the Winnipeg market. Its core appeal lies in its relative modernity for the area—it's notably newer than many neighbouring homes, which can mean fewer concerns about outdated systems. The living space is compact but functional, ranking around average for its immediate locale. The assessed value is strong for the street, suggesting it is viewed favorably compared to its direct peers.
The property would suit first-time buyers or practical investors seeking a straightforward, lower-maintenance asset in an established neighbourhood. The smaller lot size, while below average, translates to less yard work and upkeep. It’s not a fixer-upper project, but the unrenovated basement presents a clear, defined opportunity for future customization to add value. This is a home for those who prioritize location and a solid foundation over square footage or move-in-ready perfection.
Frequently Asked Questions
1. How does the home's age compare to others nearby?
At 75 years old (built in 1951), this home is significantly newer than many in the Dufferin area, where comparable homes average nearly 100 years old. This can be a distinct advantage for maintenance and system longevity.
2. Is the lot size a concern?
The lot is smaller than average for the street, neighbourhood, and city. This means less outdoor space but also reduced maintenance responsibility, which some buyers may prefer.
3. What does the "above average" assessed value on the street indicate?
While the assessed value is modest citywide, it ranks in the top 26% on Stella Avenue itself. This suggests the property is considered more valuable than most on its specific block, which can be a positive signal for stability.
4. The basement is noted as "not renovated." What should I expect?
This indicates the basement is in original or functional condition, not updated with modern finishes. It provides usable space but offers the opportunity for a future renovation to suit your needs and add value.
5. Who might this property not suit?
It may not suit buyers looking for extensive outdoor space, a garage, a modernized turn-key home, or a large-scale renovation project. It's best for those comfortable with a compact, efficient layout and a property offering basic, functional condition.