Property Overview
This well-situated one-storey home at 748 Buchanan Boulevard presents a solid opportunity in Winnipeg's Buchanan neighbourhood. Its primary appeal lies in the combination of a generous, above-average lot and a recently renovated basement, offering a balance of outdoor space and updated living areas. The detached garage adds practical utility. With a 1962 build date, the house itself is of average age for the area, suggesting a neighbourhood with established character. The living space is modest at 1,000 sqft, positioning this as a efficient, manageable home rather than a sprawling one.
The property is particularly suited to first-time buyers or downsizers seeking a lower-maintenance, single-level layout without sacrificing yard size. It also appeals to value-oriented buyers looking for a home with a key renovation (the basement) already completed. The lot size is a standout feature, offering potential for gardening, expansion, or simply more private outdoor space than many comparable properties. A thoughtful perspective is that the above-average assessed value for the street and neighbourhood indicates the property is already recognized as a strong performer in its immediate market, which can be a stabilizing factor.
Frequently Asked Questions
Q: How does the lot size compare to other homes?
A: The land area of 6,655 sqft is a key asset. It places in the top 10% for size on Buchanan Boulevard and the top 24% within the wider Buchanan neighbourhood, meaning you get significantly more outdoor space than many nearby properties.
Q: What is the condition of the basement?
A: The basement has been renovated. This is a notable advantage, as it means lower immediate costs for finishing or updating a below-ground space, adding to the home's usable square footage.
Q: Is the living area small for the neighbourhood?
A: At 1,000 sqft, the living area is around average for both the street and Buchanan neighbourhood. It is, however, below the city-wide average. This suggests the home prioritizes efficient layout and lot size over a large interior footprint.
Q: What does the assessed value tell us?
A: The assessed value is above average for both the street and the neighbourhood. This typically reflects the property's desirable lot size and recent improvements, and suggests it is viewed as a higher-value asset within its local context.
Q: How old is the home, and what might that mean?
A: Built in 1962, the home is of average age for its street and the city. Buyers should anticipate maintenance consistent with a home of this era, but can also appreciate the mature landscaping and established community feel that comes with it.