Property Overview: 193 Stradford Street, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Buchanan presents a compelling blend of modern convenience and solid value. Its key characteristics include a renovated basement, an attached garage, and a notably newer construction date of 1996, which stands out as elite for both the immediate street and the wider neighbourhood. With 1,162 sqft of living space, it offers more room than many comparable homes in the area, situated on a standard-sized lot just under 6,000 sqft.
The appeal lies in its relative modernity and smart updates within a mature community. Buyers gain a home that likely requires fewer immediate repairs or updates compared to the neighbourhood's older average stock, while still benefiting from established streetscapes. Its strong assessed value and recent sale price performance—ranking among the top in Buchanan—signal a property that holds its worth. This home would suit first-time buyers or downsizers seeking a manageable, single-level layout with modern fundamentals, or an investor looking for a competitively positioned rental property in a stable area. It offers a practical "move-in-ready" foundation without the premium often attached to brand-new builds.
Section 2: Frequently Asked Questions
1. How does the 1996 build year compare to nearby homes?
It is significantly newer. On Stradford Street, it ranks #1 of 90 homes for its recent build year, with area averages dating to 1975. This suggests potentially newer major systems (like roofing, plumbing, or wiring) than most neighbours.
2. Is the living space larger than average for the area?
Yes. With 1,162 sqft, it is above average for both the street and the Buchanan neighbourhood, offering more interior space than many direct comparables.
3. What does the "renovated basement" typically include?
The listing confirms a renovated basement but does not specify finishes or layout. This should be verified during a viewing to understand the quality, permitted status, and whether it adds finished living space or simply updated utilities and storage.
4. How has the property's value held up?
Its assessed value is strong for the area, and its most recent sale price in 2022 placed it in the top 3% for the neighbourhood, indicating it has commanded a premium compared to similar Buchanan homes.
5. The lot size seems average. Is that a drawback?
Not necessarily. At 5,977 sqft, the lot is very typical for the street and neighbourhood. It balances usable outdoor space with lower maintenance demands, which can be a preferred feature for the target buyer profile.