Property Overview: 824 Stella Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Dufferin presents a straightforward opportunity centered on value and location. Its key characteristic is a modest 756 sqft living area, which is notably compact compared to most homes in the city, neighborhood, and even on its own street. This is balanced by a renovated basement, adding functional space, and a detached garage. Built in 1940, it is a newer construction compared to many of its immediate neighbors, potentially suggesting fewer concerns related to the very oldest home systems.
The primary appeal lies in its affordability and efficient footprint. With an assessed value that is average for Stella Avenue and Dufferin but significantly below the Winnipeg average, it represents an accessible entry point into the market. It suits first-time buyers, downsizers, or investors seeking a lower-maintenance property with renovation potential. A thoughtful perspective is that its smaller size and average lot (3,678 sqft) translate to lower utility costs and less upkeep, offering a simpler, more manageable lifestyle. Its appeal is practical rather than luxurious, ideal for someone who values financial efficiency and location over spaciousness.
Section 2: Frequently Asked Questions
1. Is the living space too small?
At 756 sqft, the above-ground living area is compact. The renovated basement provides crucial additional space, making the property more functional. It's best suited for individuals, couples, or those comfortable with efficient living.
2. How does the assessed value compare?
The assessed value is typical for the immediate area but is well below the Winnipeg city average. This indicates you are paying for the specific location and property type, not city-wide market trends, which can be an advantage for entry.
3. What does the 1940 build year mean?
While an older home, it is newer than many on the street. This could mean updated foundational materials or systems compared to neighboring century homes, but a thorough inspection is still essential.
4. Who might this property not suit?
It may not suit families needing multiple bedrooms or dedicated living areas, or buyers who prioritize large, modern open-concept spaces without renovation projects.
5. What is the context of the 2021 sale price?
The home sold for $12.4k in 2021. This historical price is useful for understanding past market activity but should be considered alongside current assessments, market conditions, and any improvements made since that sale.