Property Overview: 865 Stewart Street, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home at 865 Stewart Street in the Buchanan neighbourhood presents a compelling blend of space, value, and established character. Built in 1969, it stands out on its street as a newer construction compared to its immediate peers. Its primary appeal lies in its generous 1,400 sqft of living area, which ranks in the top 3% on its street and top 9% in Buchanan, offering significantly more interior space than many comparable local homes. The property sits on a 5,150 sqft lot, providing ample outdoor space that is typical for the area. Key features include a renovated basement and a detached garage.
The home’s assessed value positions it above average for both the street and the neighbourhood, suggesting a solid perceived value. Its last sale in March 2021 was at $38,100, a price point that ranked in the top 5% for the street at that time.
This property would suit a buyer looking for a move-in-ready home with more interior room than is commonly found in the immediate vicinity, without necessarily requiring a premium lot size. It’s ideal for someone who values a renovated basement for extra living space and appreciates the stability and maturity of a well-established neighbourhood like Buchanan. The data suggests it offers a "more house for your money" proposition within its local context.
Section 2: Frequently Asked Questions
1. How does the living space compare to nearby homes?
The 1,400 sqft of living area is a standout feature. It is notably larger than the average for both Stewart Street (approx. 1,070 sqft) and the wider Buchanan neighbourhood (approx. 1,092 sqft).
2. What is the condition of the home given its age?
The home was built in 1969, which is newer than many on its street. The listing specifically notes the basement has been renovated, indicating some updates have been made.
3. Is the lot size a pro or a con?
The 5,150 sqft lot is around the local average. It provides good outdoor space but isn't an exceptionally large plot. The appeal here is more focused on the interior square footage.
4. How does the assessed value relate to the last sale price?
The current assessed value is $35,900. The home last sold in March 2021 for $38,100, which was considered well above average for the street at that time.
5. What type of neighbourhood is Buchanan?
The data indicates Buchanan is a stable, established area. The home's rankings show its key metrics (like living area and assessed value) often perform better within Buchanan than they do citywide, suggesting it's a solid asset within its specific community.