Property Overview: 1062 Stardust Avenue, Winnipeg
Key Characteristics & Appeal
This is a well-situated, one-storey home built in 1958, offering a compelling blend of space, land, and value. Its most standout feature is the exceptionally large lot—over 12,700 square feet—which places it in the top 3-4% of properties citywide for land area. This presents a rare opportunity for gardening, expansion, or simply enjoying generous outdoor space in the city. The living area is also notably spacious, ranking above average for its neighborhood and Winnipeg overall.
The home includes a renovated basement and an attached garage. Its assessed value is around the average for the immediate area, which, combined with the lot size, suggests a solid value proposition. The appeal here is grounded in practicality and potential: you get a comfortable, updated living space on a lot that is increasingly hard to find. It would suit buyers looking for a long-term family home with room to grow outdoors, or those who value the potential that a large, flat parcel offers for future projects, without the premium price tag of a newer build. It’s a property for someone who sees the enduring value in land and space over a modern facade.
Frequently Asked Questions
1. Is the large lot a benefit or a burden?
While it offers fantastic potential for recreation, gardening, or future additions, a lot of this size also requires more maintenance (like lawn care and snow clearing) than a standard city parcel. It’s a significant asset, but one that comes with ongoing responsibility.
2. How does the 1958 build year affect the home?
The home is older than most on its street. This typically means character and solid construction, but buyers should pay particular attention to the condition of major aging components like the roof, plumbing, and electrical systems, even with a renovated basement.
3. The assessed value seems modest for such a large lot. Why?
Property assessment is based on many factors, including the size and condition of the home itself. The large lot is a major asset, but the assessed value suggests the dwelling portion may be modest relative to the land. This can be attractive for property taxes but indicates the home may need updates.
4. What does the "renovated basement" include?
The listing notes it is renovated but does not specify the scope. It’s essential to clarify if this was a cosmetic update or included critical improvements like moisture proofing, insulation, and legal egress windows to ensure it’s comfortable and safe living space.
5. The last sale was in late 2022. What does that mean for the current price?
The sold price from 2022 provides a historical benchmark, but the current market value will be influenced by conditions today, any changes made to the property since then, and the unique premium that its elite-sized lot now commands.