Property Overview
143 Stradford Street is a well-situated bi-level home in Winnipeg's Buchanan neighbourhood, built in 1972. Its primary appeal lies in its generous 6,597 sqft lot, which is notably larger than most properties on its street and in the surrounding area. The home itself, with 924 sqft of living space and a renovated basement, is a practical and efficient layout. Recent sales data indicates its market value aligns with broader area trends. This property suits first-time buyers, downsizers, or investors looking for a manageable home with above-average outdoor space and the value-add of a finished basement, without the maintenance of a large interior.
Key Details & Suitability
- Key Characteristics: The home is defined by its substantial lot size, efficient bi-level layout, and updated basement. It is a classic, no-frills property where the land is a standout feature.
- Primary Appeal: The appeal is grounded in space and practicality. The large lot offers rare potential for gardening, expansion, or simply more private outdoor living compared to nearby homes. The renovated basement adds immediate functional living space.
- Ideal Buyer: This home is a strong match for pragmatic buyers who prioritize yard space over square footage. It would suit a first-time buyer wanting room to grow outdoors, a downsizer seeking a manageable home without sacrificing yard size, or an investor looking for a solid, rentable property with curb appeal from its landscaped lot.
Frequently Asked Questions
1. How does the lot size compare to others?
The 6,597 sqft lot is a key asset, placing it in the top 17% for size on Stradford Street itself and the top 27% within the Buchanan neighbourhood. It offers more outdoor space than is typical for the area.
2. Is the living space small for a family?
At 924 sqft, the main living area is compact. However, the renovated basement effectively doubles the usable space, creating a functional layout that can work for a small family or couple, especially with the large yard as an extension of the living area.
3. What does the "around average" assessed value mean?
The municipal assessed value of $32.5k is typical for similar homes on the street and in Buchanan. It's important to note that the recent sale price of $340k reflects the current market value, which is influenced by factors beyond the assessment.
4. What is the neighbourhood like?
Buchanan is an established, mature neighbourhood. The property's rankings show its metrics (year built, value) are very consistent with its immediate surroundings, indicating a stable and uniform area without extreme outliers in property size or age.
5. Are there any obvious drawbacks?
The home has no garage, which is a consideration for vehicle storage or workshop space. The living area is also below the city-wide average, so buyers seeking abundant above-ground square footage may find it cozy. The value here is in the land and finished basement, not a sprawling main floor.