225 Stuart Avenue

Property Summary: 225 Stuart Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This 1,074 sqft bungalow, built in 1957 on a 6,238 sqft lot in River East, presents a straightforward, mid-century home with a practical layout. Its primary appeal lies in its solid positioning within the city—offering a manageable size and lot that are very close to Winnipeg-wide averages for similar homes. The assessed value of $324k is notably below the neighborhood average, which could indicate a value opportunity in a well-established area, especially for a buyer comfortable with a home of this vintage.

The property would suit first-time buyers or downsizers looking for a functional, no-frills home in a mature neighborhood without a premium price tag. Its below-average size and value for the River East area suggest it’s a more accessible entry point into the community. A thoughtful perspective is that the lot size ranks above average city-wide, offering good outdoor space potential relative to many Winnipeg homes, which is a less obvious asset for gardeners or those seeking room to expand.

Section 2: Frequently Asked Questions

1. How does this home’s size compare to others nearby?
At 1,074 sqft, the living area is slightly below the average for both the immediate street (1,163 sqft) and the broader River East neighborhood (1,399 sqft), but is very close to the Winnipeg city-wide average.

2. Is the assessed value typical for the area?
No, the $324k assessment is below the local averages for both Stuart Avenue ($356.1k) and the River East neighborhood ($401.1k). This suggests the property may be valued more conservatively, which can influence property taxes and perceived value.

3. When was it last sold and for roughly how much?
Records show it sold between July 2017 for a price in the range of CA$250,000–$300,000. Exact sold prices require a manual lookup request through the site.

4. What is the significance of the 1957 build year?
The home is older than most in its immediate area and neighborhood. This typically means potential for character and mature landscaping, but also suggests buyers should pay particular attention to the condition of major aging components like the roof, plumbing, and electrical systems.

5. How does the lot size compare?
The 6,238 sqft lot is a key feature. It’s close to the neighborhood average and is actually above the average lot size for the entire city of Winnipeg, providing more outdoor space than many comparable properties.