Property Overview: 23 Stillwell Street, Heritage Park, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in Heritage Park presents a compelling blend of space, value, and established neighbourhood charm. With 1,220 sqft of living space, it sits comfortably around the average for the area, offering a practical layout for daily life. A key feature is the renovated basement, adding valuable finished space. The property stands out for its generous 5,997 sqft lot, which is above average for its street, providing ample outdoor potential. It includes a detached garage.

The primary appeal lies in its strong value proposition within a mature community. Despite its average size, the home carries an assessed value that ranks it as elite on its own street and above average in Heritage Park, suggesting a solid investment in a desirable location. It’s a property for buyers who prioritize lot size and location over a brand-new build. It would suit first-time buyers looking for a move-in-ready home with a renovated basement, downsizers seeking a manageable single-level layout with outdoor space, or value-focused investors attracted by its strong assessment metrics in a stable neighbourhood.

A less obvious perspective is that its 1965 build date—one of the oldest on the street—may appeal to those who appreciate the character and construction quality of mid-century homes, while the recent basement renovation offers a modern touch without the premium of a fully rebuilt property.

Section 2: Frequently Asked Questions

1. How does the assessed value compare to recent sale prices?
The home was last sold in August 2024. While the exact sale price is not publicly listed, available data indicates it sold within a range that placed it in the top 13-23% for value in the broader area, consistent with its above-average assessed value.

2. What does the "elite" ranking for assessed value on the street mean?
This means that among the 26 comparable homes on Stillwell Street, 23 Stillwell Street has the highest assessed value (ranked 1st). This typically indicates the municipality views it as one of the most valuable properties on the block, which can be influenced by lot size, improvements like the renovated basement, and overall condition.

3. Is the living space sufficient for a growing family?
At 1,220 sqft plus a renovated basement, the home offers functional space. It is slightly below the city-wide average for living area, so families should consider if the main-floor layout and basement configuration meet their specific needs for bedrooms and common areas.

4. What are the implications of the larger-than-average lot?
The nearly 6,000 sqft lot is a significant asset. It provides more privacy, yard space for gardening or recreation, and future potential for additions like a deck, shed, or even an extension, subject to local zoning bylaws.

5. Why is the year built (1965) considered "elite" on the street?
In this context, "elite" refers to its rank, not modern quality. It is ranked 1st because it is the oldest home on the street. For some buyers, this denotes established character and mature landscaping. Buyers should ensure a thorough inspection to understand the condition of original components like the roof, windows, and foundation, balanced against the updated basement.