Property Overview: 265 Stradford Street, Winnipeg
Key Characteristics & Appeal
This 1975-built, four-level split home in Buchanan sits on a generously sized lot of over 6,800 sqft, placing it well above average for both the street and the neighbourhood. Its primary standout feature is its living space: at 1,720 sqft, it ranks in the top 1-3% of comparable homes locally, offering significantly more interior room than is typical for the area. This creates a compelling value proposition—a home with ample space on a large lot, without a premium price tag, as reflected in its last sale price being around the city-wide average.
The appeal lies in this balance of space, land, and value. It suits practical buyers looking for room to grow, whether for a family, home office, or hobbies, and who prioritize interior square footage and yard space over a recently renovated state (the basement is noted as not renovated). The detached garage and the established, mature neighbourhood add to its functional charm. A thoughtful perspective is that this property represents a "blank canvas" opportunity on a desirable scale; the investment can be directed toward modernizing the home to the owner's taste, rather than paying upfront for finishes that may not suit them.
Frequently Asked Questions
1. How does the lot size compare to others?
The 6,816 sqft lot is notably larger than most, ranking in the top 14% on its own street and the top 22% within the Buchanan neighbourhood.
2. Is the living area as large as it seems?
Yes. With 1,720 sqft of living area, this home is exceptionally spacious for its locale, ranking in the elite top 3% or better compared to immediate neighbours and similar homes in Buchanan.
3. What is the condition of the basement?
The listing specifically notes the basement exists but has not been renovated. Buyers should budget for potential updates or finishing to suit their needs.
4. How does the last sale price relate to its assessed value?
The home sold for $350,000 in 2017, while its current assessed value is $42,500. It's important to understand that in Manitoba, the assessed value is for municipal tax purposes only and is not an indicator of market value. The sale price from 2017 is a more relevant, though dated, market reference.
5. What does the "four-level split" design mean for daily living?
This popular 1970s design often features multiple short flights of stairs separating living, sleeping, and utility areas. It offers good separation of spaces but may be less suitable for those seeking single-level living or who have significant mobility concerns.