Property Overview: 218 Stuart Avenue, River East, Winnipeg
Key Characteristics & Appeal
This 1,300 sqft home, built in 1976, presents a compelling opportunity in Winnipeg's River East neighborhood. Its primary appeal lies in its strong positioning relative to its immediate surroundings. While the home is generally average in size and value for the wider area, it stands out on its own street. It boasts an above-average living area, a newer construction date, a higher assessed value, and a significantly larger lot (8,665 sqft) compared to its Stuart Avenue peers. This suggests a property that offers more space and a more modern foundation than many of its neighbors.
The generous lot size is a consistent advantage, ranking well above average not just on the street, but throughout the entire neighborhood and city. This offers substantial potential for outdoor living, gardening, or future expansion. The home would suit practical buyers looking for a solid, well-sized property in an established community, particularly those who value a larger yard. It’s a home that offers more than what is typical for its specific block, providing a sense of space and a relatively newer structure without necessarily commanding a premium at the city-wide level.
Frequently Asked Questions
1. How does this home really compare to others nearby?
The data shows it is a standout on Stuart Avenue itself, being newer, larger, and on a bigger lot than the street average. Compared to the broader River East neighborhood and Winnipeg overall, it aligns more closely with typical averages for size and value.
2. What does the assessed value tell me?
The assessed value of $404k is for municipal tax purposes. It indicates the city’s estimate of the property’s value relative to others, and here it ranks well above the street average. It is not a market price, but a benchmark used for calculating property taxes.
3. The sold price shows a range from 2020. Can I get the exact figure?
The site provides sold price ranges for context. To obtain the exact, verified historical sale price, you must request it directly via email through the provided link, as per the data provider's rules.
4. Is the larger lot a significant advantage?
Yes. The lot size of 8,665 sqft is a key feature, placing it in the top 17% in River East and the top 9% city-wide for comparable homes. This offers more privacy, recreational space, and potential than most properties.
5. The home was built in 1976. What should I consider?
A 1976 build is newer than many on the street. This can mean updated building standards and potentially fewer issues with aging components than older homes, but it still warrants a thorough inspection of major systems like roof, plumbing, and electrical, which may be nearing the end of their typical lifespans.