Property Overview: 197 Stradford Street, Winnipeg
Key Characteristics & Appeal
This is a well-situated, single-storey home in Buchanan built in 1979, offering a practical and efficient layout. Its key feature is a renovated basement, adding valuable finished space to the 953 sqft main floor plan. The property sits on a just-under-average 5,498 sqft lot with a detached garage.
The appeal here is grounded in value and potential. For its area, the home is newer than many of its neighbours, which can suggest fewer immediate concerns with major aging components. The lot size, while not the largest on the street, is very manageable and typical for the Buchanan neighbourhood. This isn’t a sprawling property; it’s a straightforward home that prioritizes function over excess space. It would suit first-time buyers, downsizers, or practical investors looking for an entry into a stable area without a premium price tag. The renovated basement is a significant plus, offering flexibility for a family room, home office, or additional storage.
Frequently Asked Questions
Q: How does the property's size compare to the area?
A: The living space is comfortably average for Stradford Street and the Buchanan neighbourhood, though below the Winnipeg city average. The lot size is slightly below average for the street but aligns well with the broader area, representing a standard urban parcel.
Q: What does the assessed value indicate?
A: The assessed value is consistently around the median when compared to the street, neighbourhood, and city. This suggests the property is viewed as a typical, mid-range home for the area, not an outlier on either the high or low end.
Q: The home was built in 1979. What should I consider?
A: While newer than many Winnipeg homes, a 47-year-old house will still require due diligence. Key systems like roofing, windows, plumbing, and electrical may be original or nearing the end of their service life. The renovated basement is a positive, but the quality and permits for that work should be verified.
Q: Who might this property not suit?
A: Buyers seeking a move-in-ready home with modern, open-concept living may find the layout and era of this property less ideal. It may also be too compact for those needing multiple large bedrooms or extensive main-floor living space.
Q: What is the context of the last sale price?
A: The home sold for $30,500 in late 2017. The current assessed value is slightly higher, which is common. This sale provides a historical benchmark, but market conditions have likely evolved since then, so a current market evaluation is essential.