Property Summary: 678 Stella Avenue, Winnipeg
Key Characteristics & Appeal
This home is a classic one-and-three-quarter storey house in the Dufferin neighbourhood, built in 1913. With 1,140 square feet of living space, it sits comfortably within the average range for its immediate street and area, offering a practical layout for daily life. The property features a standard-sized city lot of 3,678 sqft and includes a basement, though it is noted as not being renovated. There is no garage or pool.
Its primary appeal lies in its established location and its position as a straightforward, no-frills property. The assessed value is notably modest compared to the city-wide average, which could indicate a lower property tax burden and presents an accessible entry point into the Winnipeg market. This isn't a modernized showhome; its charm is in its simplicity and potential. It would suit a first-time buyer comfortable with a home that may require updates over time, an investor looking for a rental property in a central area, or someone seeking a manageable footprint without the premium of a recently renovated property. A thoughtful perspective is that its "average" metrics within the neighbourhood suggest it's a typical home for the area, offering a stable, predictable base rather than standing out as an exceptional value or a major project.
Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean?
This is a common architectural style for older Winnipeg homes. It typically means the second floor has slightly less full-height ceiling space than the main floor, often with dormer windows, creating cozy but character-filled bedrooms.
2. The assessed value seems very low compared to the city average. Why?
The assessed value is used for calculating property taxes and is based on a mass appraisal system. While it is significantly below the city-wide average, it is aligned with averages for Stella Avenue and the Dufferin area. This suggests the valuation reflects the local market conditions for similar, older homes.
3. What should I know about the unrenovated basement?
An unrenovated basement in a 1913 home often means original foundations, flooring, and mechanicals. It provides ample storage and workshop space but should be inspected for moisture control, insulation, and the condition of the furnace and wiring. It represents both a functional space as-is and a clear opportunity for future improvement.
4. How does the lack of a garage affect daily living?
On-street parking is the norm for this property. Buyers should consider their comfort with street parking year-round, including during Winnipeg winter parking bans. For some, this is a minor trade-off for the home's price and location.
5. The home sold in 2017 and 2020. What does that history suggest?
The two sales within a seven-year period could indicate a number of scenarios, such as a previous investor/flipper, a homeowner whose circumstances changed, or a property that has been a reliable rental. It's a point for your real estate agent to investigate further for context.