Property Overview
This 1965 one-storey home at 851 Stewart Street in Winnipeg's Buchanan neighbourhood presents a practical and value-oriented opportunity. Its key appeal lies in a renovated basement and a detached garage on a manageable 3,864 sqft lot. The home itself is modest in size at 1,016 sqft of living space, which is fairly typical for the immediate area. The data suggests a property that is older than many on its street but well-maintained, with an assessed value that sits below average for the city, indicating a potentially accessible entry point into the market.
It would suit first-time buyers seeking a solid starter home with some updates already complete, or an investor looking for a manageable rental property. Its straightforward layout and smaller scale also appeal to those looking to downsize without leaving the neighbourhood. A less obvious perspective is that the below-average lot size, while not offering expansive yard space, translates to lower maintenance costs and less time spent on upkeep—a practical advantage for busy owners.
Frequently Asked Questions
Q: How does the lot size compare to others?
A: The lot is 3,864 sqft, which is smaller than the average for both the street and the wider Buchanan area. This means less yard maintenance but also less private outdoor space.
Q: What does the "renovated basement" include?
A: The listing confirms the basement is renovated but does not specify the scope. This is a key detail to clarify with the selling agent, as it could range from updated finishes to added living space or amenities.
Q: Is the home older than others nearby?
A: Built in 1965, it is actually newer than the average home on Stewart Street, but slightly older than the average for the broader Buchanan neighbourhood. This suggests it's in a pocket of older, established homes.
Q: The assessed value seems low. Why?
A: The assessed value is below average for the area. This typically reflects the home's modest size, smaller lot, and the broader market conditions at the time of assessment. It's important to remember that assessed value is for tax purposes and can differ from market value.
Q: What is the typical home like in this immediate area?
A: Based on the data, comparable homes on Stewart Street are similar in living space (around 1,070 sqft) but on larger lots. The area consists primarily of one-storey homes from the 1960s, offering a consistent, established streetscape.