Property Overview
This one-storey home at 777 Stewart Street in Winnipeg's Buchanan neighborhood presents a practical opportunity centered on space and value. Built in 1962, its key appeal lies in offering more living area than many comparable homes in the immediate area, paired with a fully renovated basement. The detached garage and a land size that is above average for the street add to its functional character. It’s a property that suits first-time buyers looking for move-in-ready space, or investors seeking a solid rental property with recent updates. The data suggests it’s a home that stands out on its own street for livable square footage, while representing a fairly typical value proposition for the wider city.
Key Characteristics & Appeal
- Above-Average Living Space: With 1,285 sqft of living area, this home ranks in the top 6% on its own street and top 14% in the Buchanan neighborhood for size, meaning it offers more interior room than most direct peers. This is its most distinguishing feature.
- Modernized Lower Level: The home includes a renovated basement, which immediately adds usable space without the need for a future project.
- Land & Layout: The 5,154 sqft lot is above average for Stewart Street. The one-storey design with a detached garage may appeal to those seeking single-level living or flexible outdoor space.
- Value Profile: Historically, its sale price and assessed value have consistently performed above average on its street and in the neighborhood, suggesting it is perceived as a good value within its local context. It appeals to buyers who prioritize practical space and updates over a newer build date.
Frequently Asked Questions
1. How does the lot size compare to others?
The land area of 5,154 sqft is in the top 30% for Stewart Street, meaning it's larger than most lots directly around it. It is close to the average size for both the Buchanan neighborhood and Winnipeg overall.
2. Is the home older than others in the area?
Built in 1962, its age is very typical for Stewart Street. It is actually newer than many homes in the wider Buchanan neighborhood, where it ranks in the top 82% (newer than 82% of comparable properties).
3. What does the "above average" living area ranking mean?
This is a key point. Compared to similar homes on Stewart Street, this house's living area is in the top 6%—significantly larger than most. It also ranks above average for the Buchanan area. City-wide, its living space is close to the median.
4. How does the assessed value inform the asking price?
The assessed value of $34.20k is above the street and neighborhood averages for comparable homes. The last known sale was for $32.60k in June 2020. A buyer should use this as a baseline, understanding that market conditions, the renovated basement, and the desirable living area will influence the final price.
5. Who would this property suit best?
It's an excellent fit for first-time buyers or downsizers looking for single-level living with ample, updated space. The data also suggests it could be a strong candidate for an investor, as its value metrics are consistently solid within its local market, and the renovation reduces immediate upkeep needs.