Property Overview: 508 Stewart Street, Winnipeg
Key Characteristics & Appeal
This well-situated one-storey home in Glendale presents a compelling blend of space, location, and value. Its key characteristic is the generous 9,004 sqft lot, which is exceptionally large for the area, placing it in the top 2% of properties on its street. This offers significant outdoor potential for gardening, recreation, or future expansion. The house itself, at 1,040 sqft with a renovated basement, provides practical living space. Notably, it features a detached garage and a pool, adding functional and leisure appeal.
The property’s primary appeal lies in its strong positional value within its immediate community. While its living area is average for Winnipeg, its assessed value ranks in the top 9% in Glendale and the top 2% on its own street, suggesting it is viewed as a premium holding in a desirable micro-location. Built in 1980, it is also a newer construction compared to many neighbourhood homes. This profile suits buyers looking for a established neighbourhood with room to breathe—perfect for those who prioritize a large yard over a massive house, or for families seeking space for kids and pets. It’s also a sensible option for someone looking for a manageable, single-level layout with modernized basics and unique amenities like a pool.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home was last sold in April 2022 for an estimated $37.5k-$40.5k. Its current assessed value is $42.40k. This increase aligns with broader market trends, but it’s important to note that assessed value is for municipal taxation and may differ from current market value.
2. What does the "Elite" ranking for land area mean practically?
Ranking in the top 2% for lot size on Stewart Street means this property has one of the largest yards in the immediate area. This provides more privacy, space for additions like a shed or deck, and fewer constraints from neighbouring homes compared to typical lots.
3. Is the pool a benefit or a liability?
This depends on the buyer. It’s a desirable private amenity for summer enjoyment and entertaining. However, prospective owners should budget for ongoing maintenance, insurance considerations, and utility costs associated with its operation.
4. The home is newer than most in Glendale. What are the implications?
Built in 1980, the home is roughly 20 years newer than the area average. This can suggest updated building materials, electrical, and plumbing systems from that era, potentially reducing immediate concerns about obsolete components common in mid-century builds.
5. Who might this property not suit?
Buyers seeking a very large interior living space or a brand-new, turn-key home may find the floor plan modest. Additionally, those unwilling to manage the upkeep of a large lot, a pool, and a detached garage might prefer a lower-maintenance property like a townhouse.