Property Overview: 268 Stradford Street, Winnipeg
Key Characteristics & Appeal
This well-situated one-storey home in Buchanan presents a practical opportunity. Built in 1976, it is newer than many homes on its street and in the wider neighbourhood, which can be an advantage for systems and maintenance. The 1,180 sqft living area is notably spacious for a home of its type in the immediate area, offering comfortable room for daily life. A key feature is the renovated basement, adding valuable finished space. The lot is a standard size for the locale, providing manageable outdoor space without excessive upkeep.
The appeal here is grounded in value and proportion. You get a home that is above average in size and age for its specific community, paired with the modernized utility of a finished basement. It suits first-time buyers seeking a move-in-ready foundation without a premium price, downsizers looking for single-level living with ample room, or practical investors attracted to a stable, updated property in an established area. Its metrics suggest a home that performs well within its peer group rather than standing out as an outlier, representing a solid, conscientious choice.
Frequently Asked Questions
1. How does the assessed value relate to the likely sale price?
The home last sold for $33,700 in 2020 and currently has an assessed value of $36,500. The sale price will be determined by the current market, but these figures provide a recent benchmark for value in the area.
2. What does "renovated basement" typically include?
While specifics should be verified, this generally means the basement space has been finished into livable rooms, such as a recreation room, additional bedrooms, or a family area. It significantly increases the usable square footage of the home.
3. Is the lack of a garage a major concern?
Many homes in older Winnipeg neighbourhoods do not have garages. The property does have a decent-sized lot, which may allow for the addition of a parking pad or future garage, subject to local bylaws. On-street parking is common in such areas.
4. How does the age of the home (1976) affect it?
A home from the 1970s is past its original construction issues but is now at an age where some major components (like the roof, windows, or furnace) may have been updated or could require attention. Its newer age compared to neighbourhood averages is a positive point.
5. Who would this property not suit?
It may not suit buyers seeking a brand-new build, those who require an attached garage as a necessity, or anyone looking for a very large or estate-sized lot. Its strengths are in its community positioning and practical living space.