Property Overview & Key Characteristics

This single-storey home at 233 Stradford Street in Winnipeg's Buchanan neighbourhood presents a practical and value-conscious opportunity. Built in 1983, its key appeal lies in a combination of a renovated basement and a notably large, 5,498 sqft lot, which is significantly above average for the street. The home itself offers 1,040 sqft of living space, positioning it solidly in the middle range for the area. Its assessed value is competitive, ranking higher than most on its street and in the neighbourhood, suggesting a well-regarded property from a municipal perspective.

The property would suit first-time buyers or downsizers looking for a manageable single-level layout with immediate move-in readiness due to the basement renovation. Its substantial lot is a standout feature for those prioritizing outdoor space for gardening, pets, or future expansion over a large interior footprint. A thoughtful perspective is that while the house is newer than 97% of its immediate neighbours, the overall neighbourhood has many older homes, indicating a stable, established community where this property is one of the more modern offerings.

Frequently Asked Questions

1. How does the lot size compare to typical properties?
The 5,498 sqft lot is a key feature, ranking in the top 29% on Stradford Street. It is substantially larger than many nearby properties, offering more private outdoor space.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the seller or agent to understand the quality and functionality of the space.

3. Is the lack of a garage a common feature in the area?
The property has no garage. While this is not uncommon for older Winnipeg neighbourhoods, buyers should consider on-street parking or the potential cost of adding a garage or carport to the large lot.

4. How does the assessed value relate to the likely selling price?
The assessed value of $33,400 is for municipal tax purposes. Market value is determined by current sale prices of comparable homes, which can be higher or lower. The provided comparable listings can serve as a starting point for market comparison.

5. The home is newer than most on the street. Does that mean fewer major repairs?
While a 1983 build is newer than many neighbouring homes, it is still over 40 years old. Key systems like the roof, windows, furnace, and plumbing should be evaluated for their age and condition, as they may be nearing or past their typical lifespan.