Property Overview
This 2019-built bi-level home at 681 Isbister Street in Winnipeg's Buchanan neighbourhood offers a modern, low-maintenance living opportunity. Its key appeal lies in its combination of a newer build, a renovated basement, and a detached garage on a standard city lot. The home is notably newer than almost all properties in its immediate area, ranking in the top 1% for year built on its street and in the neighbourhood. With 1,182 sqft of living space, it is above average in size for the local area. The property suits first-time homebuyers seeking a move-in-ready, modern home without the premium of a brand-new build, or investors looking for a newer property with strong rental appeal due to its contemporary features and finished basement.
Frequently Asked Questions
1. How does the lot size compare to others?
The land area of 4,382 sqft is below average for both Isbister Street and the wider Buchanan neighbourhood, but is typical when compared to the Winnipeg city-wide average. This indicates a standard, manageable lot for the area.
2. Why is the assessed value significantly lower than the recent sale price?
The 2024 assessed value is $43.3k, while the home sold for $47.5k in August 2024. This is common, as assessed values for property tax purposes often lag behind current market sale prices, especially in a rising market. The sale price ranks in the top 4% for the street, showing strong market demand.
3. What does the "Elite" ranking for year built mean?
Built in 2019, this home is newer than 99% of homes on Isbister Street and in the Buchanan neighbourhood. This is a standout feature, suggesting modern construction standards, newer major systems (like plumbing and electrical), and less immediate need for costly updates compared to the area's older housing stock.
4. Is the detached garage a standard feature here?
The presence of a detached garage is a valuable asset, though the data does not specify how common this is in the area. It provides secure parking and additional storage.
5. How has the property's value changed over time?
The home previously sold in May 2019 for $36.2k. The August 2024 sale at $47.5k represents a significant increase, indicating substantial appreciation over a five-year period.