Property Overview: 509 Stewart Street, Winnipeg
Key Characteristics & Appeal
This one-storey home in Glendale presents a distinct profile centered on its generous 6,004 sqft lot, which is notably larger than most on its street. The house itself is more modest in size at 944 sqft of living space and is a character home from 1910, offering historic charm but also implying a need for ongoing maintenance typical of its age. A key modern update is the renovated basement, adding functional living space. The property includes a detached garage.
Its primary appeal lies in its land value and potential. The large lot is a significant asset in a mature neighborhood, offering ample outdoor space, garden potential, or future expansion possibilities rare for the area. With a consistently below-average assessed value, it represents a more accessible entry point into the market. This property would best suit a practical buyer or investor who values land over a large existing footprint. It’s ideal for someone comfortable with the upkeep of an older home, who sees potential in the renovated basement and the opportunity a large lot provides, whether for personal use or as a long-term asset.
Frequently Asked Questions
1. Is the low assessed value a red flag?
Not necessarily. It primarily reflects the home's smaller size and older age compared to modern builds. It can indicate a more manageable property tax burden and an opportunity for value growth through updates.
2. What does "below average" for living area really mean for daily life?
With 944 sqft plus a renovated basement, the home is compact but functional. It favors efficient living and may feel cozy for a large family, but it could be well-suited for a couple, small family, or someone looking to minimize excess space.
3. How significant is the large lot?
Very. In a mature neighborhood like Glendale, a lot of this size (over 6,000 sqft) is a standout feature. It offers privacy, room for recreation, gardening, or even future additions like a shed or deck that wouldn't be possible on a standard lot.
4. As a 1910 home, what should I be prepared for?
While the renovated basement is a plus, you should budget for and expect ongoing maintenance typical of a century-old home. This could include updates to original windows, insulation, or mechanical systems. A thorough inspection is essential.
5. Why have the past sold prices seemed so low?
The figures shown are broad ranges from public data. For accurate, precise historical sale prices, you need to request the exact data from the listing service. The ranges suggest a history of stable, value-conscious transactions in line with the home's assessment.