Property Overview: 317 Stuart Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 317 Stuart Avenue in River East presents a straightforward, mid-century property built in 1969. With 1,057 sqft of living space and an assessed value of $350k, it sits comfortably in the middle range for Winnipeg, offering a balanced entry point into the market. Its appeal lies in its established neighborhood setting and its position as a statistically average property in several key areas, which can mean fewer surprises and predictable long-term value.
The lot size of 5,446 sqft is notably smaller than many others on Stuart Avenue and in River East, which could be a drawback for those wanting expansive outdoor space, but also suggests lower maintenance. The home was built slightly newer than many on its street, a subtle plus. It last sold between $250k-$300k in late 2019.
This property would best suit first-time buyers or practical downsizers looking for a stable, no-frills home in an established area. It’s for someone who prioritizes neighborhood character over a large lot or above-average square footage, and who sees value in a home that aligns closely with city-wide averages for its type.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to its neighbors?
The assessed value of $350k is very close to the street average ($356.1k) but below the broader River East neighborhood average ($401.1k). This suggests you’re getting a home that is typical for Stuart Avenue itself, potentially offering better value within the wider, more expensive area.
2. Is the lot size a significant concern?
The land area is smaller than most on the street and in the neighborhood. This limits potential for large additions or sprawling gardens but likely translates to less yard work and lower property tax implications relative to land value.
3. What does the "around average" ranking for living area mean?
At 1,057 sqft, the living space is very close to the Winnipeg average for comparable homes. It provides a standard amount of room for a smaller household. The rankings indicate it’s more spacious than many in River East but slightly smaller than the immediate street’s average.
4. The home sold in 2019. What can that price tell me?
It last sold for an estimated $250k-$300k. Comparing that to the current $350k assessment indicates market appreciation, but for exact figures and a professional valuation of its current market price, you should request the verified sale history or consult a real estate agent.
5. Who might this property not suit?
Buyers seeking a large, modern home with a big yard or those looking for a property that significantly outperforms neighborhood averages may want to look elsewhere. Its profile is one of reliable consistency rather than standout features.