Property Overview: 254 Stuart Avenue, Winnipeg
Key Characteristics & Appeal
This home at 254 Stuart Avenue in River East presents a compelling case based on its space and land. With 1,791 sqft of living area, it offers significantly more interior space than most homes on its street and in the wider neighborhood. The standout feature, however, is the 10,578 sqft lot, which places it in the top 5% city-wide for land size. This combination of a spacious house on a very large lot is uncommon, especially in this area.
Its appeal lies in this generous footprint, offering room to grow, garden, or simply enjoy outdoor privacy. The assessed value of $423k is above average for the immediate street but aligns with broader area averages, suggesting the price reflects the substantial lot. Built in 1969, it is typical for the street but slightly older than many homes in the wider River East neighborhood.
This property would suit buyers prioritizing yard space over a newer build—ideal for families, gardening enthusiasts, or those looking for long-term expansion potential. It’s a home for someone who values the inherent value of land and is comfortable with the maintenance and potential updates that come with a solidly built, mid-century house.
Frequently Asked Questions
1. How does the lot size compare to a typical Winnipeg property?
The lot is exceptionally large by city standards, ranking in the top 5%. At over 10,500 sqft, it is nearly 60% larger than the Winnipeg average for comparable homes.
2. Is the assessed value a good indicator of the likely selling price?
The assessed value ($423k) is a municipal estimate for tax purposes. While it provides a benchmark, market conditions ultimately determine sale price. It sits above the street average but is around the neighborhood average, reflecting the valuable lot.
3. The home was last sold in 2017. What did it sell for then?
Public records show it sold for between $300,000 and $350,000 in May 2017. For verified, exact historical sale prices, you can request a manual lookup via the site.
4. How does the living space compare to nearby homes?
With 1,791 sqft, it has well above average living space for Stuart Avenue (top 6%) and the River East neighborhood (top 19%), offering more room than most direct comparables.
5. The home is older than many in River East. Should I be concerned?
Built in 1969, it is actually newer than the average home on Stuart Avenue. While the wider neighborhood has newer homes on average, the build year is typical for the city. A thorough inspection is always recommended to understand the condition of major systems and any updates.