Property Overview: 761 Stella Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in Dufferin is a classic Winnipeg character property, built in 1911. With 1,224 sqft of living space, it offers a practical footprint that is consistently average-to-above-average for its immediate street and neighborhood, suggesting a comfortable size for the area. The lot is a manageable 3,682 sqft. Key features include a basement (not renovated) and no garage, indicating a home that presents a straightforward canvas for its next owner.
The primary appeal lies in its established location and value proposition. It suits a practical buyer—perhaps a first-time homeowner, an investor, or someone seeking a lower-entry point into a mature neighborhood without a massive renovation project already completed. The home’s assessed value is significantly below the citywide average, which can mean a more accessible price point but also hints that updates may be needed. Its long history and consistent sales record suggest a solid, no-frills property. A thoughtful perspective for the right buyer is the opportunity to add value through selective, thoughtful updates over time, rather than facing the premium of a fully modernized home.
Frequently Asked Questions
1. What does "basement, not renovated" typically mean?
It indicates the basement is functional and usable but retains its original or older finishes and systems. Buyers should budget for potential updates to flooring, lighting, or moisture management, and consider it a space with potential rather than a finished living area.
2. How does the assessed value relate to the likely sale price?
The assessed value ($13.30k) is for municipal tax purposes and is not a market valuation. Sale prices in the area are more relevant; this home last sold for $13.80k in 2021. Market conditions will determine the final sale price, which is expected to be significantly higher than the assessed figure.
3. Is the lack of a garage a major drawback in this neighborhood?
On-street parking is common in older Winnipeg neighborhoods like Dufferin. While a garage is convenient, its absence is not unusual here and is reflected in the property's value. Buyers should assess on-street parking availability directly.
4. The home is over 110 years old. What should I be most concerned about?
While the structure has proven its durability, priority inspections should focus on the age and condition of major systems: the roof, foundation, plumbing, and electrical wiring. The unrenovated basement is a key area to check for signs of past water issues.
5. How does this home compare to others on Stella Avenue?
The data shows this home is consistently around the average for the street in terms of living space, assessed value, and year built. This suggests it is a very typical property for the block, neither the largest nor the smallest, offering a standard benchmark for the area.