Property Overview: 243 Stuart Avenue, Winnipeg
Key Characteristics & Appeal
This well-situated home at 243 Stuart Avenue in River East presents a solid, above-average offering on its specific street. Built in 1974, it is newer than most homes on Stuart Avenue, and its 1,246 sqft living area and $393k assessed value both rank notably above the immediate street averages. This suggests a property that has been maintained or updated relative to its closest neighbors. The appeal lies in this relative standout quality on a street of older, slightly smaller homes, offering modern comforts within an established community.
However, the perspective shifts when looking at the lot size. The 5,205 sqft land area is significantly smaller than most lots on the street and in the wider River East neighborhood. This creates a specific dynamic: you get a home that is physically larger and newer than many nearby, but with a more compact yard. This trade-off will suit buyers who prioritize interior space and a more modern build over expansive outdoor space. It’s an ideal match for small families, professionals, or downsizers seeking a manageable property without sacrificing living area, in a location with proven long-term value as evidenced by its stable assessment and recent sale history.
Frequently Asked Questions
1. How does this home really compare to others in the area?
While its living space and assessed value are strong on its own street, they are much closer to the average for the broader River East neighborhood and Winnipeg overall. Its most distinctive feature is its smaller lot size compared to neighboring properties.
2. What does the sold price history indicate?
Records show it sold between $350k-$400k in July 2022. This placed it in the top 16% of sales on Stuart Avenue at that time, aligning with its above-street-average assessment and suggesting a history of commanding a slight premium on its block.
3. Is the smaller lot size a major drawback?
It depends on your lifestyle. The lot is below average for the street but near the citywide average. It means less yard maintenance but also less private outdoor space. It’s a practical choice for those not needing a large garden, but worth considering if outdoor privacy or space is a priority.
4. What is the likely condition given its age and value?
Being built in 1974 and having an assessed value above its street average often indicates updates or well-maintained core systems (like roof, furnace, windows). A thorough inspection is always recommended, but the data suggests it is not a fixer-upper compared to its immediate peers.
5. Where can I get verified sale price details?
The provided sold price is an estimated range from public records. For the exact sale history and verified figures, you must request a manual lookup from the site, as they do not have access to MLS sales data.