Property Overview: 812 Stewart Street, Winnipeg
Key Characteristics & Appeal
This is a well-situated, single-storey home in Buchanan built in 1962. Its primary appeal lies in its balance of space, value, and established location. The home sits on a just-over-5,000 sqft lot, which is typical for the street and neighbourhood, offering a manageable yard. Inside, the 1,136 sqft living area is notably above average for both the immediate street and the wider Buchanan area, providing more interior space than many comparable properties. A key feature is the renovated basement, adding functional living space. The home is complemented by a detached garage.
The property’s data tells a story of consistent, above-local-average value. Its assessed value ranks highly within its immediate peer group, and its most recent sale price was well above the street average. This suggests it is perceived as a solid asset within its specific context.
This home would suit a practical buyer looking for a move-in-ready foundation in an established neighbourhood. It’s ideal for someone who values more interior square footage over a massive lot, and who appreciates the low-maintenance benefits of a renovated basement and a manageable property size. It represents a sensible entry into the market or a downsize that doesn’t compromise on living space.
Frequently Asked Questions
1. How does the lot size compare?
At 5,147 sqft, the lot is very typical for Stewart Street and the Buchanan neighbourhood, ranking right around the average. It offers a standard urban yard size.
2. Is the living space a good size for the area?
Yes. The 1,136 sqft of living area is a standout feature, ranking in the top 23% on its own street and the top 29% in Buchanan—meaning it offers more interior space than most direct comparable homes.
3. What does the sale history indicate?
The home sold recently in December 2023 for $36,300. This sale price ranked in the top 9% on Stewart Street, indicating it commanded a premium price compared to neighbouring sales at that time, which can reflect its updated condition or desirable attributes.
4. What type of neighbourhood is Buchanan?
Buchanan is an established, mature neighbourhood in Winnipeg. The property data shows home ages and lot sizes are consistently similar, pointing to a stable, developed area without extreme variation between properties.
5. How does the assessed value relate to the sale price?
The current assessed value is $35,200. The home sold for $36,300 in late 2023, meaning the sale price was very close to the assessment, suggesting the city’s valuation is closely aligned with recent market activity for this specific property.