Property Overview: 769 Stewart Street, Winnipeg
Key Characteristics & Appeal
This well-situated one-storey home in Buchanan presents a practical opportunity. Built in 1969, it is notably newer than many on its street, suggesting potentially fewer immediate updates compared to older peers. The living space is a comfortable 1,065 sqft, fitting squarely within the average for the immediate area, making it a manageable size for smaller households. A key feature is the renovated basement, which adds valuable finished space and modern convenience. The property sits on a 5,154 sqft lot, which is above average for Stewart Street, offering more outdoor space than many nearby homes.
Its primary appeal lies in its balance and readiness. The combination of a renovated basement, a newer build date (for the street), and a larger-than-street-average lot creates a low-hassle package. It would suit first-time buyers seeking a move-in-ready home without a massive footprint, downsizers looking for single-level living with a manageable yard, or practical investors attracted by the recent renovation and stable neighborhood metrics. The detached garage adds functional storage or workshop space.
Frequently Asked Questions
1. How does the assessed value relate to the recent sale price?
The home was assessed at $32.30k and sold for $33.50k in January 2022. The close alignment suggests the sale was in line with municipal valuation at that time, indicating a stable, market-supported price point.
2. Is the lot size a significant advantage?
Yes, particularly in a local context. While the lot is around the city and neighborhood average, it ranks in the top 30% on Stewart Street itself. This means more private outdoor space than most direct neighbors, which is a less obvious but tangible perk.
3. What does "newer than street average" practically mean?
Built in 1969, this home is newer than the typical home on its block (average year built ~1963). This can sometimes correlate with updated building materials, electrical systems, or floorplans, potentially reducing the need for major foundational or systemic upgrades common in older homes.
4. Who might this home not suit?
It may not suit buyers seeking a large, modern open-concept layout, as the living area is average for its area and the design is characteristic of its era. Those prioritizing a massive yard or a brand-new build would also likely look elsewhere.
5. How does the living space compare to the broader city?
At 1,065 sqft, the home's living area is smaller than the Winnipeg average (~1,342 sqft). This highlights its efficiency and positions it as a more compact, easier-to-maintain option within the city, rather than a sprawling family home.