Property Overview: 728 Stella Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated two-storey home in Dufferin is defined by its generous scale and substantial lot. Its primary appeal lies in offering above-average space both inside and out. With 2,246 sqft of living area, it ranks within the top 5% of homes on its street and top 6% city-wide for size. This is complemented by a large 7,356 sqft lot, placing it in the top 17% locally for land area. The home features a detached garage and a full, unrenovated basement, presenting a canvas for customization.
Built in 1907, the property carries the character and solid construction of its era, appealing to those who appreciate classic architecture and are prepared for the maintenance or updates an older home may require. Its recent sale price significantly exceeds its assessed value, indicating strong market demand for homes with these attributes in this location.
This property would best suit buyers looking for a project-ready home with ample room to grow, garden, or entertain. It’s ideal for a family seeking space over modern finishes, an investor or homeowner with renovation plans, or anyone valuing a larger urban lot—a rarer find in the city. The numbers suggest it’s a standout property on its street and in the Dufferin area, offering relative value compared to the wider city market.
Section 2: Frequently Asked Questions
Q: How does the home’s age impact its value and condition?
A: Built in 1907, the home is typical for its neighbourhood. While it may require updates to systems like wiring or plumbing, this era often features durable construction and desirable architectural details. The unrenovated basement confirms the home is largely in original condition.
Q: The assessed value is much lower than the recent sale price. Why?
A: Municipal assessments for tax purposes often lag behind current market values, especially in active markets or for unique properties. The sale price reflects what buyers are currently willing to pay for this home’s specific combination of size, lot, and location.
Q: What does the "top percentile" ranking actually mean for a buyer?
A: It provides context. For example, ranking in the top 6% city-wide for living area means this home is significantly larger than 94% of Winnipeg homes. This highlights its standout feature: abundant interior and exterior space relative to most listings.
Q: Is the neighbourhood trending?
A: The recent sale, coupled with the home’s high rankings within its immediate area for size and value, suggest strong local demand. Properties that are leaders in their micro-market, like this one on Stella Avenue, often drive and reflect neighbourhood desirability.
Q: What are the immediate considerations regarding the basement and lot?
A: The basement is noted as unrenovated, which should be factored into inspection and budgeting plans. The very large lot is a major asset but also implies greater responsibility for maintenance, landscaping, and potential updates like fencing or driveways.