Property Overview: 347 Risbey Crescent, Winnipeg
Key Characteristics & Appeal
This well-situated one-storey home in Buchanan is defined by its exceptional, oversized lot. At nearly 19,400 square feet, the property offers a rare amount of private outdoor space, ranking in the top 2% locally. The home itself is a manageable 1,120 sqft bungalow built in 1976, featuring a renovated basement and a detached garage. Its appeal lies in a unique combination: a home with standard living space on a lot with extraordinary potential. The recent sale history and assessed value suggest it is a solid, established property in the market.
This property would suit a specific buyer. It's ideal for someone who prioritizes land over square footage—think gardeners, hobbyists, or those dreaming of a future addition, pool, or secondary suite (subject to approvals). It also suits buyers seeking a simpler, single-level layout with a finished basement for extra space, who are willing to take on a home of its era for the benefit of a truly generous yard.
Frequently Asked Questions
1. What is the true standout feature of this property?
Without question, it's the land size. The lot is nearly three times the average for Winnipeg, offering unparalleled privacy and space for outdoor activities, expansion, or landscaping projects that wouldn't be possible on a standard parcel.
2. Is the house itself outdated?
The home is from 1976, so some original elements may remain. However, the basement has been renovated, indicating updates have begun. Buyers should budget for modernizing other areas to their taste, which is a typical consideration for homes of this age.
3. Who would this property NOT suit well?
It may not suit buyers seeking a large, modern living area immediately, as the interior space is average for the city. Those wanting a move-in-ready home with no projects, or who prefer a low-maintenance, small yard, might find the lot more responsibility than advantage.
4. How does the detached garage impact use?
A detached garage offers flexibility—it can be used for vehicle storage, a workshop, or extra storage without impacting the home's layout. However, it means accessing your vehicle from the house in Winnipeg winters.
5. What does the "Elite" ranking for the land actually mean?
It means this property's lot size is larger than 98% of comparable homes on its street and in Buchanan, and larger than 98% of homes citywide. It's a quantifiable way of showing just how uncommon a lot of this size is in Winnipeg.