Property Overview: 750 Stella Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 750 Stella Avenue in Dufferin stands out primarily for its modern age in a neighbourhood of much older properties. Built in 2018, it is among the newest homes on its street and in the wider area, offering contemporary construction and systems that require less immediate upkeep than its century-old neighbours. With 961 sqft of living space and a standard city lot, its footprint is modest but efficient.
The appeal lies in this balance of new-build convenience within an established, central Winnipeg community. The home’s assessed value is notably high for Stella Avenue and Dufferin, reflecting its relative newness, but remains below the city-wide average, suggesting a value proposition within its immediate locale. It features a basement (unrenovated) but no garage or pool.
This property would best suit first-time buyers or downsizers seeking a low-maintenance, modern home without leaving the city core. It’s also a practical choice for investors or buyers who prioritize newer mechanical systems (like plumbing, wiring, and insulation) over larger square footage or extensive lot size. The unrenovated basement presents a clear, blank-canvas project for future expansion.
Section 2: Frequently Asked Questions
1. Why is the assessed value so high compared to other homes on the street?
The assessed value is driven significantly by the home’s year of construction (2018). Compared to the neighbourhood average home built around 1922, this property benefits from modern materials, design standards, and systems, which are reflected in its valuation.
2. What does the "bi-level" design mean for daily living?
A bi-level typically features a short flight of stairs leading to the main living area, with another short flight down to a lower-level entry and basement space. This can offer good separation of living and sleeping areas but involves more stairs than a bungalow. The unrenovated basement here provides storage or future living space.
3. How does the lot size compare, and what does that mean for me?
At 3,678 sqft, the lot is slightly smaller than the average for both Stella Avenue and Dufferin. This means a manageable yard for maintenance but may limit options for large additions, decks, or detached garages. It aligns with a low-maintenance lifestyle.
4. The home sold in 2019 for $200k. How does that relate to today’s value?
The 2019 sale price is a historical data point. Current value is influenced by market conditions, changes to the property, and updated assessments. The significant difference between that sale price and the current assessed value highlights strong appreciation, likely due to its new construction in a historic area.
5. Are there any obvious drawbacks to such a new house in an old neighbourhood?
While the home itself is modern, the surrounding infrastructure and community character are mature. This can mean older trees and established neighbours, but also potentially narrower streets, older utility connections at the lot line, and a architectural style that may differ from nearby houses. It’s a blend of new and old.