Property Overview: 714 Stewart Street, Winnipeg
Key Characteristics & Appeal
This is a well-situated, single-storey home in the Buchanan neighbourhood, built in 1961. Its key features include a renovated basement and a detached garage. The property presents a classic, grounded opportunity with several distinct points of appeal.
The home sits on a just-under-average 5,146 sqft lot for the area, offering manageable outdoor space without excessive upkeep. With 1,056 sqft of living space, the floor plan is practical for smaller households. A significant highlight is the renovated basement, which adds valuable finished space and modern convenience to an older home.
Its primary appeal lies in its established neighbourhood setting and its position as a solid, average contender across most metrics—from lot size to assessed value—when compared to nearby and city-wide homes. This suggests a property that is neither over-improved nor lagging behind its immediate peers, offering a sense of stability. It would suit first-time buyers looking for a move-in-ready foundation with a modernized basement, or downsizers seeking a manageable single-level layout in a mature community. The detached garage is a notable asset for hobbyists, extra storage, or those preferring a separate workshop space.
Frequently Asked Questions
1. How does the lot size compare to others nearby?
At 5,146 sqft, the lot is slightly smaller than the immediate street average (5,325 sqft) but is very typical for the broader Buchanan area. It offers a balanced yard space that is easier to maintain than many larger lots.
2. What does the "renovated basement" entail?
The listing confirms the basement has been renovated, but the specific scope, quality, and permits should be verified. A professional inspection is recommended to detail the finishes, any moisture management, and the suitability of the space for your needs.
3. Is the assessed value a good indicator of the listing price?
Not directly. The assessed value of $31,600 is for municipal tax purposes and is typically much lower than market value. Market price is determined by current buyer demand, the home's condition, and recent sales of comparable properties.
4. What are the implications of the home's age (1961)?
While the home is older, its key systems (roof, wiring, plumbing, furnace) may have been updated over time. An inspection is crucial to understand the condition and remaining lifespan of these components. The renovated basement is a positive sign of recent investment.
5. How does this home rank for "value" in the area?
The data shows its assessed value ranks around average for the street, neighbourhood, and city. This suggests it's not an outlier, but a typical property for the area, which can be an advantage for consistent long-term value and easier future comparables when selling.