Property Overview: 237 Stuart Avenue, Winnipeg
Key Characteristics & Buyer Appeal
This 1957-built home in River East presents a practical, lower-priced entry point into the Winnipeg market. Its key characteristic is its modest scale: at 895 sqft on a 5,227 sqft lot, it is notably smaller than most homes on its street and in the wider neighborhood. This is reflected in its assessed value of $287k, which sits below area averages.
The appeal lies in its affordability and efficiency. For a buyer comfortable with a compact living space, it offers a chance to own a detached home on a decent-sized lot at a price point that is competitive city-wide. It suits first-time buyers, downsizers, or investors seeking a manageable property. A thoughtful perspective is that its smaller size and older vintage could mean lower utility costs and property taxes compared to larger, newer homes in the area, positioning it as a cost-conscious choice. The sales history shows steady appreciation, last selling between $300k-$350k in 2022, suggesting it has held value as an affordable option.
Frequently Asked Questions
1. Is this house significantly smaller than its neighbors?
Yes. The living area is below average for the street, neighborhood, and city. It ranks in the bottom 10% on Stuart Avenue for size, making it one of the more compact detached homes in the immediate area.
2. How does the assessed value compare?
The assessed value of $287k is below the local averages. On Stuart Avenue, it ranks in the bottom 10%, and it is also below the typical assessed value for both River East and Winnipeg as a whole.
3. What is the lot size like?
At just over 5,200 sqft, the lot is smaller than most on the street but is close to the citywide average. It offers a standard outdoor space for the city, though it is more compact than many direct neighbors.
4. Can I get the exact past sale prices?
The site provides sold price ranges. To receive verified, exact historical sale figures, you must request them via email from the service, as they are not sourced from the MLS.
5. What are the comparable nearby properties like?
The listed nearby and referenced properties, such as those on Gilmore Avenue, generally have larger living areas (ranging from 1,053 to 1,641 sqft) and higher assessed values (from $311k to $476k), highlighting this home's position as a more compact and affordable alternative in the area.