Property Overview & Key Characteristics
784 Stella Avenue is a two-storey home built in 1905, offering a blend of historic character and modern updates. With 1,168 sqft of living space and a renovated basement, it provides functional space on a standard 3,678 sqft lot in the Dufferin neighbourhood. The home’s assessed value is notably above average for its immediate area, suggesting it may be in better condition or have more desirable features than many neighbouring properties. Its appeal lies in being a solid, updated home within a well-established community, offering the charm of an older house without a massive, high-maintenance yard.
This property would suit first-time buyers or downsizers looking for a manageable home with character in a central Winnipeg neighbourhood. It’s also a practical fit for an investor seeking a rental property with recent renovations, particularly given the updated basement which adds flexible living space. A thoughtful perspective is that while the home is older than the vast majority of the city, its above-average assessment for the street indicates it has likely been cared for and is seen as a relative standout on the block.
Frequently Asked Questions
1. How does the assessed value compare to the last sale price?
The home was last sold in April 2022 for $170,000. Its current assessed value is $16,900 (or $169,000, as typical Winnipeg assessment notices show values in thousands). This indicates the assessment is closely aligned with its recent market price.
2. Is the lot size typical for the area?
At 3,678 sqft, the lot is slightly below the average for both Stella Avenue and the wider Dufferin area. This means the yard is manageable but not expansive, which can be a positive for those seeking lower outdoor maintenance.
3. What does "renovated basement" typically imply here?
While specifics would require a viewing, in a 1905 home this often means foundational updates like moisture control, insulation, and modern finishes to create a comfortable, usable living or recreational space, adding significant value.
4. How does the living space compare to nearby homes?
At 1,168 sqft, the living area is very close to the average for both the street and the neighbourhood. It offers a standard amount of space for the area, neither unusually small nor particularly large.
5. The home is over a century old. What should I consider?
While the basement renovation is a major plus, a home from 1905 will have an older core structure. Prospective buyers should prioritize a thorough inspection focusing on the foundation, original plumbing and electrical updates, and roof condition to understand any future maintenance priorities.