Property Overview: 111 Stradford Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1976 on a standard city lot in the Buchanan neighbourhood. Its key appeal lies in its value proposition and low carrying costs. With a notably low assessed value and recent sale price, it represents one of the most accessible entry points into the Winnipeg market. The home is modest in size at 924 sqft of living space and features an unrenovated basement, presenting a straightforward, no-frills canvas.
The property would suit specific buyer profiles: first-time buyers seeking minimal financial barrier to entry, investors looking for a rental property with a low initial investment, or downsizers prioritizing low property taxes and simplicity. A thoughtful perspective is that while the home's metrics are below area averages, its lot size is still generous for its price point, offering potential for future expansion or outdoor space in a mature neighbourhood. Its above-average ranking for year built on its street suggests it is among the newer homes in the immediate vicinity, which can be a relative advantage.
Section 2: Frequently Asked Questions
1. What does "below average" for land area mean in practical terms?
The lot is 3,518 sqft, which is smaller than many in Buchanan and on Stradford Street itself. However, it is still a standard urban lot, providing adequate yard space without the maintenance demands of a larger property.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the home's modest size, basic condition (including an unrenovated basement), and its specific market position. It indicates lower municipal property taxes, which is a key ongoing cost saving for the owner.
3. Who might this property not be suitable for?
It may not suit buyers looking for a move-in-ready home with modern finishes, those who need significant space for a growing family, or anyone unwilling to take on potential cosmetic or functional updates over time.
4. The data shows it sold recently in 2022. What does that indicate?
The 2022 sale provides a very recent, transparent market price for comparison. It demonstrates active market interest at this price level and can help anchor current value expectations.
5. Are the nearby comparison homes similar?
The listed nearby properties on Stradford Street confirm this is a consistent, established street of homes. The "similar assessed value" examples from other neighbourhoods highlight that this price point exists across Winnipeg, but this property offers it within the specific context of Buchanan.