281 Stuart Avenue

Property Summary: 281 Stuart Avenue, Winnipeg

Key Characteristics & Appeal

This 1,031 sqft bungalow, built in 1968 on a 5,447 sqft lot, presents a straightforward, mid-century home in Winnipeg's River East neighborhood. Its primary appeal lies in its position as a competitively priced entry point into a stable area. The assessed value of $330k sits comfortably below the neighborhood average, suggesting potential value relative to the broader market. While the living space is modest compared to many area homes, this translates to lower maintenance and utility costs. The lot size is near the city average, offering decent outdoor space.

The property suits first-time buyers or practical downsizers seeking an affordable, no-frills home in a well-established community. It’s a pragmatic choice for those who prioritize location and lot potential over immediate square footage, as the home offers a canvas for future updates. A thoughtful perspective is that its "below average" size and value rankings within River East might actually be an advantage, providing a more accessible footprint and tax assessment in a desirable neighborhood, rather than competing with its larger, newer counterparts.

Frequently Asked Questions

1. Is the home’s smaller living area a concern?
At 1,031 sqft, the home is cozier than many in River East. This is ideal for efficient living but means storage and layout should be carefully considered. It reflects in its below-average rankings for living area within both the neighborhood and city.

2. How does the assessed value compare to recent sales?
The last recorded sale was between $250k-$300k in early 2016. The current $330k assessment is near the average for its street but below the River East average, indicating it may be valued conservatively within its immediate area.

3. What does the year built (1968) imply?
The home is of a typical age for its street and the city overall. Buyers should anticipate maintenance or updates consistent with a home from this era, such as original windows, plumbing, or electrical systems.

4. How does the lot size compare?
At 5,447 sqft, the lot is smaller than most on Stuart Avenue but close to the Winnipeg average. It provides adequate private outdoor space without the extensive upkeep of a larger yard.

5. Where can I get verified, exact sold price data for this home?
The site provides sold price ranges based on public data. For fully verified figures and a complete transaction history, you must request a manual lookup via email, as MLS data is not displayed due to industry rules.