Property Overview: 660 Stewart Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1959, situated on a standard-sized lot in the Buchanan neighbourhood. Its primary appeal lies in value and potential. The home features a renovated basement, adding functional living space to its 954 sqft main floor. The data presents a compelling picture: while the house itself is modest in size and age compared to its immediate street, it holds an above-average assessed value for the block, suggesting the renovations or specific lot attributes are recognized. For the wider Buchanan area and city, its metrics are generally around average, indicating it’s a typical home for Winnipeg.
It would best suit a first-time buyer, an investor, or a downsizer looking for an affordable entry into the market with some of the renovation work already completed. The property offers a chance to own a standalone house with a good lot size, where future value may be driven more by the land and the owner's ability to gradually update the older main floor. It’s a practical choice for those comfortable with a home that has functional updates but may still carry the character and maintenance considerations of its 1959 construction.
Frequently Asked Questions
1. What does "above-average assessed value for the street" indicate?
This suggests the city’s assessment recognizes positive attributes, likely the renovated basement, that set this property apart from its direct neighbours. It can signal good underlying value, but it's always wise to understand why.
2. Is the living space sufficient for a small family?
With 954 sqft on the main floor plus a renovated basement, it could work for a very small or young family, but the layout and room sizes will be crucial. The living area is below the city average, prioritizing efficient use of space over spaciousness.
3. The home sold for $220k in 2021. How does that inform the current price?
That recent sale price, which was high relative to the area at the time, establishes a strong benchmark. It indicates the market has recently valued this property highly, possibly due to the renovations, which sets a floor for current expectations.
4. What are the implications of no garage?
This is common for older Winnipeg homes. It means lower maintenance costs but requires planning for street parking, which can be a consideration during winter. The lot size may allow for the future addition of a garage or shed, subject to bylaws.
5. How significant is the 67-year-old building age?
While the renovated basement addresses a major system, the main floor structure, plumbing, electrical, and windows will be original or of varying ages. A thorough inspection is essential to budget for updates, but the older construction also often comes with solid materials and simpler repair profiles.