Property Overview: 760 Stewart Street, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Buchanan presents a practical and value-conscious opportunity. Built in 1962, its key features include a renovated basement, a detached garage, and a notably above-average living area for its immediate area and neighbourhood. The lot size is consistent with local expectations.
The primary appeal lies in its move-in ready foundation with the basement work already completed, offering flexible space without immediate project demands. Its assessed value positions it solidly within the market averages for Winnipeg, suggesting a stable, fair-market entry point. The home’s standout characteristic is its efficient use of space; it offers more interior square footage than many comparable homes on the street and in Buchanan, providing a sense of spaciousness on a standard-sized lot.
This property would suit first-time buyers seeking a manageable home without a dated basement project, or downsizers looking for single-level living with ample room and a low-maintenance footprint. It’s a pragmatic choice for those who value interior space over an exceptionally large yard and prefer a home that has already addressed a major renovation area.
Section 2: Frequently Asked Questions
1. How does the home’s value compare to the area?
The assessed value is around the average for the street, neighbourhood, and city. The 2017 sale price was notably below average at the time, but the current assessment reflects updated market valuations.
2. What does "above average" living area mean for this home?
While the home’s total living area is near the city average, it ranks in the top 25-30% compared to similar homes on Stewart Street and in the Buchanan neighbourhood. This means it likely feels more spacious inside than many nearby properties.
3. Is the age of the home (1962) a concern?
The year built is typical for the street and slightly older than the neighbourhood average. A key consideration is that major systems (roof, wiring, plumbing) may be at or beyond their typical lifespan, so a thorough inspection is advised. The renovated basement is a positive update.
4. What is the potential for future expansion or renovation?
The lot size is standard for the area. While not oversized, it provides typical yard space and may allow for additions like a deck or expanded parking, subject to local zoning regulations. The existing renovated basement may limit the need for major interior structural changes.
5. How does the detached garage impact utility?
A detached garage offers flexibility for use as a workshop or storage space separate from the house. The trade-off is convenience, as you will need to go outside to access your vehicle, which can be a factor during Winnipeg winters.