Property Summary: 237 Stradford Street, Winnipeg
Key Characteristics & Appeal
This well-situated one-storey home in Buchanan presents a practical and value-conscious opportunity. Built in 1983, it is notably newer than most homes on its street and in the wider neighbourhood, which can be a significant advantage for maintenance and systems. The 1,180 sqft living area is comfortably above average for the immediate area, offering more interior space than many comparable properties. A key feature is the renovated basement, adding valuable finished living space. The property sits on a standard 5,608 sqft lot with a detached garage.
Its primary appeal lies in its balanced, move-in-ready profile within a mature community. The home avoids the common challenges of much older properties while providing solid interior space and a modernized lower level. It would suit first-time buyers seeking a manageable, updated home without a premium price tag, or downsizers looking for a single-level layout with the bonus of a finished basement for family visits or hobbies. A thoughtful perspective is that its "above average" rankings for year built and living area in its direct vicinity suggest a property that stands out positively in its own peer group, rather than just the city at large, offering a relative quality advantage on its own street.
Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should confirm the permits and compliance with local zoning regulations if considering rental income.
2. How does the assessed value relate to the likely sale price?
The home's assessed value is approximately $34.6k. However, its last sale was in 2017 for $28.7k. Market conditions have changed, so the current sale price will be determined by today's market, not these historical figures. The assessment is primarily for municipal tax purposes.
3. What does the "above average" year built mean for maintenance?
Built in 1983, the home's major components (roof, windows, furnace) are likely newer than those in many neighbouring houses built in the 1970s or earlier. This can mean fewer imminent large replacements, but a 40-year-old home will still require routine upkeep and eventual updates.
4. The lot size is listed as "around average." Is that a drawback?
Not necessarily. At over 5,600 sqft, the lot is standard for the area and provides typical backyard space and detachment. It indicates the property is in line with neighbourhood norms, not compromised on size.
5. Who are the most likely competing buyers for this home?
Given its single-storey layout, updated basement, and practical size, it will likely attract interest from both entry-level buyers and empty-nesters or retirees seeking accessibility and minimal stairs, potentially creating cross-generational demand.