Property Overview: 837 Stewart Street, Winnipeg
Key Characteristics & Appeal
This is a well-situated, one-storey home in Buchanan built in 1964, sitting on a slightly larger-than-average lot for the immediate street. Its key features include a renovated basement and a detached garage. The appeal lies in its solid, no-frills foundation: the property holds a balanced, average position in terms of assessed value and land size within its neighbourhood and city-wide, suggesting it's a stable and typical offering for the area without extreme premiums or drawbacks.
The home’s living space is compact at 960 sqft, which is below average for the street. This positions it as an efficient, manageable property rather than a spacious one. The renovated basement is a significant functional upgrade, adding valuable finished space. The detached garage offers flexibility for parking, storage, or workshop use.
This property would suit first-time buyers or downsizers looking for an entry point into a stable neighbourhood without a premium price tag. It’s a practical choice for someone who values a larger lot and the potential of a renovated basement over a large main-floor footprint. Investors may also see it as a straightforward rental property with recent updates below grade.
Frequently Asked Questions
1. Is the house small?
Yes, the main living area of 960 sqft is below the average for Stewart Street. However, the renovated basement significantly increases the usable living space, making the overall footprint more practical.
2. How does the lot size compare?
At just over 5,150 sqft, the lot is larger than many on Stewart Street itself (ranking in the top 49%), offering more outdoor space than the immediate neighbours, which is a key advantage.
3. What does "around average" for assessed value mean?
It means the city’s assessment of the property’s value is very typical for similar homes on the street, in Buchanan, and across Winnipeg. There’s no unusual high or low valuation that might signal unexpected taxes or pricing.
4. The home was last sold in 2021. Should I be concerned?
Not necessarily. The 2021 sale price was above average for the street, indicating a recent transaction where the market recognized its value. It suggests a motivated seller at that time, not a problem property.
5. Who would this home not suit?
It may not suit buyers looking for a modern, open-concept layout or extensive main-floor living space. The one-storey, 1960s layout with a smaller main footprint prioritizes lot size and basement functionality over contemporary flow.