Property Overview: 679 Stewart Street, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Buchanan presents a practical opportunity. Built in 1963, its key strength lies in its efficient use of space on a generous lot. With 1,104 sqft of living area, it offers above-average space for its immediate street and is on par with the neighbourhood average, making it a comfortable size for a small family or couple. The 5,155 sqft lot is notably larger than most on Stewart Street, providing valuable outdoor space and potential.
The home’s appeal is grounded in its renovated basement and the practicality of a detached garage. The assessed value is positioned below average for both the street and city-wide, which may indicate an entry point for buyers mindful of property taxes. This property would suit first-time buyers seeking a move-in-ready home with a low-maintenance footprint, or practical investors looking for a stable rental property in an established neighbourhood. Its balanced metrics—neither the newest nor the largest, but consistently above or near average for its direct vicinity—suggest a home that holds its own in the local context without premium pricing.
Section 2: Frequently Asked Questions
1. How does the lot size compare practically?
While the lot is in the top 27% for size on Stewart Street, it’s closer to the city-wide average. This means you get a notably larger yard than your immediate neighbours, but it’s a fairly standard size overall for Winnipeg.
2. The home was built in 1963. What should I consider?
The year built is average for the street but older than most in the broader Buchanan area. This typically means well-established infrastructure and mature landscaping, but a thorough inspection of major systems (roof, plumbing, electrical) for updates is advisable.
3. The last sale was in 2020 for $26,500. Is the current price justified?
The 2020 sale price was significantly below average at that time. The current assessed value has risen slightly but remains below local averages. This history may reflect past condition or market timing, and it’s crucial to evaluate what renovations and market changes have occurred since.
4. Who would this property not suit?
It may not suit buyers seeking a modern, newly built home or those requiring extensive main-floor living space without using the basement. The detached garage, while a benefit, also means navigating outdoors in winter.
5. What do the rankings actually tell me?
They show the property’s position relative to specific groups. For example, ranking 43 out of 145 for living area on its street (Top 30%) is a strong local standing. However, city-wide (Top 60%), it’s just above the middle. This highlights that its strengths are most pronounced in its immediate context.