Property Overview
This single-storey home at 800 Stewart Street in Winnipeg's Buchanan neighbourhood presents a practical and well-situated opportunity. Built in 1963, it sits on a standard-sized lot just over 5,000 sqft. The home's key updated feature is a renovated basement, adding valuable finished space to its 1,104 sqft main-floor living area. A detached garage provides additional storage or parking.
Its primary appeal lies in its solid positioning within its immediate context. The data shows the property consistently performs at or above average for its street and neighbourhood in categories like living area and sale price, suggesting it's a competitively sized home in its local market. The recent sale in late 2024 indicates a stable, known value. The renovated basement is a clear functional advantage, offering potential for a family room, home office, or extra bedrooms without the need for immediate work.
This home would suit a first-time buyer or practical investor looking for a move-in-ready base in a mature neighbourhood, particularly one who values usable interior space over a massive yard. It’s also a sensible fit for someone who prefers the simplicity and accessibility of a single-storey layout. A less obvious point of appeal is its "average" metrics; in a stable area, this can represent a lower-risk purchase less prone to the volatility sometimes seen in properties that are outliers.
Frequently Asked Questions
Q: How does the property's size compare to nearby homes?
A: The living space is above average for Stewart Street itself and on par with the Buchanan neighbourhood average, making it a competitively sized home in its immediate area.
Q: What does the "renovated basement" entail?
A: The listing confirms the basement has been renovated, but specifics on finish quality, permits, or the nature of the renovation (e.g., drywalled, flooring, ceiling) should be verified with the seller or a viewing.
Q: Is the assessed value the same as the sale price?
A: No. The 2024 assessed value was $31.40k, but the home sold for $32.50k in November 2024. The sale price is the actual market value paid at that time.
Q: What is the significance of the lot size rankings?
A: The lot is around the average size for the street, neighbourhood, and city. This means it offers standard outdoor space for the area, but isn't unusually large or small compared to most peers.
Q: The home was built in 1963. Should I be concerned about major updates?
A: While the basement renovation is noted, the age of major systems like roof, plumbing, electrical, and the foundation should be investigated. A professional home inspection is recommended to understand the condition and any potential upcoming investments.