Property Overview: 753 Stewart Street, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated Buchanan home is a one-and-a-half storey property built in 1961, sitting on a generous 5,154 sqft lot. Its primary appeal lies in its efficient and spacious layout, offering 1,298 sqft of living space—a standout feature that ranks it in the top 5% for size among similar homes on its street. The home includes a renovated basement and a detached garage.
The property’s value proposition is one of solid, above-average space on a good-sized lot in an established neighbourhood. While the building itself is of average age for the area, the renovated basement adds modern functionality. The lot size is above average for the immediate street, offering more outdoor space than many direct comparables.
This home would best suit practical buyers looking for move-in-ready space without the footprint of a larger, newer property. It’s ideal for first-time homeowners, small families, or downsizers who prioritize indoor living area and a low-maintenance yard over a brand-new build. The recent renovation suggests major systems have been addressed, appealing to those wary of immediate, large-scale projects.
Section 2: Frequently Asked Questions
1. How does the property’s value compare to the area?
Based on its last sale price and current assessed value, this home has historically been priced around the average for Buchanan and Winnipeg overall. Its sale price in 2021 was around the city-wide average, indicating it is competitively positioned in the market.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, the permits for the work, and whether it includes added bedrooms, a legal suite, or simply updated living space.
3. Is the lot size a significant advantage?
The lot is above average for Stewart Street itself, offering more private outdoor space than many neighbours. However, it is closer to the average when compared to the broader Buchanan area. The appeal is relative: it’s a notable plus on its specific block.
4. The home was built in 1961. What should I consider?
While the structure is of average age for the street, key components like the roof, windows, and major mechanical systems (furnace, electrical, plumbing) may be nearing or past their typical lifespan. The renovated basement is a positive, but a thorough inspection of the original house systems is recommended.
5. Who are the typical neighbours?
The nearby properties on Stewart Street and Buchanan Boulevard consist of similar one-and-a-half storey and single-family homes, suggesting a stable, established community of long-term residents and homeowners.