Property Overview & Key Characteristics
This one-storey home at 47 Russenholt Street in Winnipeg's Buchanan neighbourhood presents a practical and low-maintenance living option. Its key appeal lies in its balance of a renovated basement, a detached garage, and a very manageable lot size of just over 5,000 sqft. Built in 1973, the home is notably newer than many on its street and in the wider area, which can be an advantage for systems and upkeep. With a living area of 1,108 sqft, it offers a comfortable footprint for individuals, couples, or small families.
The property’s value proposition is grounded in its data: while its physical footprint is average for the area, its newer build year stands out locally. The assessed value is modest compared to city-wide averages, suggesting a potentially accessible entry point into the market. This home would suit first-time buyers, downsizers looking for a single-level layout without a large yard to maintain, or investors seeking a straightforward rental property with recent basement updates.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement has been renovated, but specifics on finish quality, layout, and whether it includes a separate entrance or suite potential are not provided. This would be a key point for further inquiry with the seller or agent.
2. How does the low sale price from 2016 relate to today's value?
The home sold for $28,600 in 2016. The current assessed value is $33,100. This history indicates a stable, modest valuation, but the actual market price will be determined by current conditions, the renovated basement, and buyer demand.
3. Is the lot size a pro or a con?
At 5,170 sqft, the lot is smaller than the Winnipeg average. This is a pro for those seeking lower yard maintenance, but a con for buyers wanting extensive outdoor space, gardens, or future expansion. It's efficiently sized for its neighbourhood.
4. What are the implications of the home being "newer" than most on the street?
A 1973 build date is newer than many comparable homes locally. This can suggest more modern construction standards for its era and potentially less immediate concern for major age-related replacements, though a full inspection is always recommended.
5. Who are the most likely buyers for this property?
Given its single-level design, modest size, and manageable lot, it is particularly well-suited to first-time homeowners, empty-nesters downsizing, or practical buyers who prioritize function and recent updates (like the basement) over sheer square footage.