Property Overview: 233 Stuart Avenue, Winnipeg
Key Characteristics & Buyer Appeal
This 960 sqft bungalow, built in 1958 on a 5,765 sqft lot in River East, presents as a practical and competitively priced entry point into the Winnipeg market. Its core appeal lies in its value proposition: the home’s assessed value of $351k is very close to the average for its own street and sits below the averages for both the neighborhood and city. This suggests an opportunity for buyers seeking a lower entry price in a stable area without overpaying relative to immediate neighbors.
The home is notably compact, with living space below local and city averages, which points to a efficient, low-maintenance footprint. This characteristic, combined with the lot size being closer to the citywide average, suits first-time buyers, downsizers, or investors looking for a manageable property with a decent outdoor space. A thoughtful perspective is that its older vintage (1958) on a street with slightly newer average homes could indicate well-established infrastructure and mature landscaping, but it also warrants a close look at updates and systems. The data shows it last sold between $300k-$350k in 2019, positioning it as a stable asset without dramatic price inflation, appealing to those seeking a grounded, long-term holding.
Frequently Asked Questions
1. Is the house significantly smaller than others nearby?
Yes. At 960 sqft, the living area is below the average for Stuart Avenue, the wider River East neighborhood, and Winnipeg overall. This indicates a more compact, efficient layout.
2. How does the assessed value compare, and what does it mean for property taxes?
The $351k assessment is very typical for Stuart Avenue but below the River East average. This generally suggests property taxes may be somewhat lower than for larger, higher-valued homes in the broader neighborhood, but you should confirm the exact tax amount.
3. What can the lot size tell me?
At 5,765 sqft, the lot is slightly smaller than others on Stuart Avenue but is around the Winnipeg average. It provides a decent outdoor space relative to the home's size, which is a positive for a home of this vintage and square footage.
4. The home was built in 1958. Should I be concerned?
It is older than most homes in River East. While this isn't unusual for Winnipeg, a thorough inspection of major systems (roof, plumbing, electrical, foundation) is essential to understand the condition and any needed updates.
5. How can I find out the exact past sale price?
The provided sold price is a range from public records. For fully verified and exact transaction history, you must request a manual lookup from the site via email, as MLS data is not displayed here.