Property Overview: 127 Stradford Street, Winnipeg
Key Characteristics & Appeal
This 1973-built, one-storey home in Buchanan presents a straightforward opportunity centered on value and potential. Its key characteristic is a renovated basement, adding functional living space to the 924 sqft main floor. The lot size of 4,178 sqft is notably smaller than most in the immediate area and across Winnipeg, which is a defining factor.
The primary appeal lies in its position as an accessible entry point. With a historically low sale price and an assessed value consistently below area averages, it stands out for budget-conscious buyers. It suits first-time purchasers seeking a foothold in the market, investors looking for a rental property with a renovated lower level, or downsizers wanting a manageable, single-level layout without a large yard to maintain. A less obvious perspective is that a smaller, more efficient lot can mean lower maintenance costs and less time spent on upkeep, which can be a significant lifestyle benefit for the right owner.
Frequently Asked Questions
1. Is the smaller lot size a disadvantage?
While the land area is below average for the street and neighbourhood, it translates to less exterior maintenance. For those not wanting extensive gardening or yard work, this can be a practical benefit.
2. What does "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to determine the finish quality, permits, and the nature of the renovations (e.g., cosmetic vs. structural).
3. Who might this property not suit?
Buyers prioritizing ample indoor space, a large yard for recreation or gardening, or those seeking a home with values consistently at or above neighbourhood averages may find this property too compact.
4. How does the assessed value compare to the last sale price?
The property was last sold in February 2016 for $21,400. The current assessed value is $26,800. This difference highlights the importance of a current market evaluation to determine its true listing and sale value.
5. There's no garage. What are the parking options?
The listing specifies no garage. Prospective buyers should verify on-site parking availability, such as a driveway, and review any municipal street parking regulations.