Property Overview
This 1974 one-storey home at 1066 Isbister Street in Winnipeg's Buchanan neighbourhood presents a practical opportunity centred on its land and recent updates. Its primary appeal lies in the combination of a larger-than-average lot (over 6,900 sq ft) and a renovated basement, offering a solid foundation for both immediate living and future potential. The home itself is of a modest, manageable size at just over 1,100 sq ft, suitable for a small family, a couple, or an investor. Key features include a detached garage and the absence of a pool, emphasizing low-maintenance, utilitarian living.
The property's data reveals a thoughtful perspective: while the home's living space is average for the city, it sits on a parcel of land that ranks in the top 20% for size within its own neighbourhood. This suggests the value is weighted more toward the property itself rather than the structure. It would suit a buyer looking for a foothold in a stable area who prioritizes outdoor space or sees long-term value in land. It's also a candidate for those comfortable with a home whose major living spaces are on one level, possibly seeking to tailor the renovated basement to their specific needs.
Frequently Asked Questions
1. How does the assessed value relate to the last sale price?
The home was last sold in 2016 for $280,000, which was below the average for the street and neighbourhood at that time. The current assessed value is significantly lower at $37,500, which is typical for municipal tax assessments in the area and not an indicator of current market value.
2. What does the "renovated basement" entail?
The listing confirms the basement has been renovated, but the specific scope, quality, and permits for this work are not detailed. A buyer should investigate this further to understand the finish, any moisture control measures, and whether it added legal living space.
3. Is the large lot a benefit or a burden?
The nearly 7,000 sq ft lot is a standout feature, offering ample space for gardening, recreation, or future expansion like an addition or a new garage. However, it also means more yard maintenance. The ranking data shows this lot size is well above average for Buchanan, which can be a key differentiator.
4. What is the typical home like in this immediate area?
Based on the data, comparable homes on Isbister Street and in Buchanan were typically built in the early 1970s, have lots around 6,000-6,300 sq ft, and living areas just under 1,100 sq ft. This property is slightly newer and larger in both land and living area than its immediate peers.
5. Who might this property not suit?
This home may not suit buyers seeking a modern, open-concept layout or substantial above-ground square footage, as it is a more compact one-storey design from the 1970s. Those wanting a turn-key property with a finished main floor may need to budget for updates, as the appeal here is grounded in the lot and the basement renovation.