Property Overview: 257 Stuart Avenue, Winnipeg
Key Characteristics & Appeal
This home at 257 Stuart Avenue in River East presents as a solid, middle-of-the-road property in Winnipeg’s market. Built in 1967, its 1,129 sqft living space and $357k assessed value consistently rank as "around average" when compared to its immediate street, the wider neighborhood, and the city overall. The lot size of 5,512 sqft is slightly below the neighborhood average, which may suggest a more manageable yard with less maintenance.
The primary appeal lies in its stability and predictability. It’s not an outlier in any category—it’s a representative example of a well-established neighborhood. This makes it a straightforward property to evaluate without surprises. It would suit first-time buyers or downsizers looking for an honest, no-fuss home in a mature area, or an investor seeking a property with values that closely track the broader market trends. A thoughtful perspective is that its consistent "average" rankings can be a strength, indicating a lower risk of being over-improved or under-valued compared to its immediate peers.
Frequently Asked Questions
1. How does the sold price compare to the assessed value?
The home sold in July 2021 for between $350,000 and $400,000. The current assessed value of $357,000 falls squarely within that recent sale price range, suggesting the assessment is closely aligned with its market value.
2. Is the lot size a disadvantage?
While the lot is below the River East neighborhood average, it is closer to the city-wide average. This typically means a smaller yard to maintain, which could be a benefit for those seeking less outdoor work, but may limit expansion possibilities compared to larger lots on the same street.
3. How does this home compare to others on Stuart Avenue?
It is very typical for the street. Its living area, year built, and assessed value are all within the middle range of the 68 comparable homes on Stuart Avenue, meaning it fits right into the existing character of the block.
4. The home is older than many in River East. Should I be concerned?
The 1967 build date is older than about 90% of homes in the wider River East area, which has an average build year of 1976. However, it is perfectly average for its specific street and for Winnipeg overall. This suggests the immediate area consists of similarly aged homes, and a thorough inspection for updates to major systems (roof, wiring, plumbing) would be standard.
5. Where can I get verified sale history data?
The provided sold price is an estimated range from public data. For fully verified figures and a complete transaction history, you must request a manual lookup via email from the site, as they do not have access to or display MLS sales records.