Property Overview: 285 Stradford Street, Winnipeg
Section 1: Key Characteristics & Appeal
This 1975-built, four-level split home sits on a notably large lot of over 7,250 sq ft in the Buchanan neighbourhood, placing it in the top 6% of properties on its street for land size. Its primary appeal lies in its generous scale, offering 1,720 sq ft of living space—a standout feature that ranks it in the top 1-3% of comparable homes locally. The property includes a detached garage and a basement that is present but not renovated.
The home is best suited for buyers who prioritize space and potential over turn-key perfection. It’s an ideal canvas for someone looking for a large lot for gardening, expansion, or outdoor living, combined with a spacious interior floor plan to customize over time. The value proposition is rooted in its above-average footprint both inside and out, appealing to those who see the underlying asset (the land and the square footage) as more important than updated finishes. Given the unrenovated basement, it also suits buyers comfortable with phased projects or those needing ample storage and utility space as-is.
A less obvious perspective is its statistical standing: while the assessed value is above average for the immediate area, the sale price from 2023 was relatively modest. This suggests an opportunity for value-conscious buyers seeking a property where the core metrics (lot size, living area) significantly outpace its recent selling price compared to peers.
Section 2: Frequently Asked Questions
Q1: How does the lot size compare to typical Winnipeg homes?
The 7,259 sq ft lot is above average citywide (top 15%) and is a particularly standout feature in its own neighbourhood and street, where it ranks in the top 6%.
Q2: Is the living space as large as it seems from the data?
Yes. With 1,720 sq ft, the living area is exceptionally large for comparable homes in Buchanan (top 3%) and on Stradford Street itself (top 1%), offering significantly more interior space than most direct peers.
Q3: What does "basement, not renovated" imply?
It confirms the home has a basement, but it has not been modernized or finished to contemporary standards. Buyers should budget for potential updates and anticipate it being in functional, but likely basic, condition.
Q4: The home sold in 2023. Is the current price significantly higher?
The provided data shows a 2023 sale price of $34.50k, while the assessed value is $38.60k. Any current listing price would be set by the seller, but these figures provide a recent transaction benchmark and a municipal assessment value for consideration.
Q5: Does the 1975 build year mean major systems need replacement?
While the build year is around average for the area, a home of this age warrants careful inspection of major components like the roof, windows, plumbing, and electrical systems to determine their condition and remaining lifespan.