Property Overview: 690 Stella Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1909, presents a straightforward opportunity in Winnipeg's Dufferin neighbourhood. With 897 square feet of living space and a full, unrenovated basement, it is a compact property on a roughly 3,700 sqft lot. The home lacks a garage or pool.
Its primary appeal lies in its position as an accessible entry point into the market. The assessed value is notably below averages for the street, neighbourhood, and city, suggesting a potentially lower cost of ownership. The lot size is fairly typical for the immediate area, offering standard outdoor space for a mature neighbourhood.
This property would best suit a pragmatic first-time buyer, an investor looking for a rental property, or a hands-on individual interested in a gradual renovation project. It's not a move-in-ready showhome, but a foundational property. A less obvious perspective is its historical context: as a home from 1909, it represents a piece of Winnipeg's early 20th-century housing stock, offering character that newer builds cannot replicate, albeit with the maintenance considerations that come with age.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than recent sale prices?
The most recent assessed value is $9,100, while the home sold for $100,000 in 2021 and $12,500 in 2022. Municipal assessments in Manitoba are for tax purposes and often lag behind market sale prices, which are influenced by current market conditions, the property's state, and buyer demand.
2. What does "one-and-a-half storey" mean for this home?
Typically, this style features a main floor with principal rooms and a second floor under sloping roof lines, which may have smaller or fewer rooms. For a 897 sqft home, it indicates efficient, compact living spaces, likely with characterful ceilings or layouts on the upper level.
3. The basement is noted as "not renovated." What should I expect?
You should anticipate a basement in original or utilitarian condition. It likely has concrete walls and floors, basic lighting, and is suited for storage or laundry. It presents both a blank canvas for future development and a potential area for necessary updates like moisture control or insulation.
4. How does this home compare to others on Stella Avenue?
The data shows this home is below the street's average for living area and assessed value, but around average for its lot size and age. This indicates you're considering a smaller, more value-priced home on a lot consistent with the block, rather than an outlier.
5. What is the significance of the provided "rankings" for each metric?
These rankings compare this specific property against similar homes on its street, in Dufferin, and city-wide. For example, being in the "Top 84%" for living area city-wide means 84% of comparable Winnipeg homes are larger. It's a quick, data-driven way to see where the property stands in various contexts.