Property Overview
47 Dundurand Avenue is a well-maintained, one-storey home built in 1955, situated on a generous, approximately 6,000 sqft lot in Winnipeg's Buchanan neighbourhood. Its key appeal lies in its balance of established character and practical updates, notably a renovated basement. The home offers a comfortable 952 sqft of living space. With a recently modest sale price and an assessed value that sits below the neighbourhood average, it presents a grounded entry point into the market.
Key Characteristics & Ideal Buyer
This property is defined by its solid lot size, which is above average for the immediate street and provides valuable outdoor space or future potential. The renovated basement adds functional living area without the need for immediate investment. Its assessed value being lower than many area comparables can suggest a favourable property tax position.
The home’s appeal is primarily practical and value-oriented. It suits first-time buyers looking for a manageable, single-level layout with move-in-ready fundamentals, or investors seeking a stable rental property with a proven history of value appreciation, as indicated by its increase in sale price between 2017 and 2021. It would also attract buyers who prioritize land size over a large interior footprint, seeing the lot itself as a long-term asset.
Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value is below the average for both the Buchanan neighbourhood and Winnipeg citywide, which often correlates with lower property taxes. Its last sale price was around average for the street itself, indicating it is competitively positioned within its immediate locale.
2. Is the house small for a family?
With 952 sqft of living space, it is compact. It would best suit a small family, a couple, or a single buyer. The renovated basement effectively expands the usable space, offering flexibility for a family room, office, or additional bedroom.
3. What does the lot size offer?
At nearly 6,000 sqft, the lot is a standout feature. It provides ample yard space for gardening, recreation, or pets. For the future, it also offers potential for expansions like a garage, shed, or deck, subject to local bylaws.
4. How old are the major systems, given the home’s age?
The home was built in 1955. While specific details on the roof, wiring, and plumbing are not provided here, a key feature is the renovated basement, which suggests some modernization. A thorough inspection would be essential to determine the condition and age of the core structure and systems.
5. What is the neighbourhood like?
Located in Buchanan, the property is part of an established community. The listing shows nearby sales and similar homes, indicating a stable, mature area without extreme fluctuations in property values.