Property Overview & Key Characteristics
This 1970-built, one-storey home at 796 Isbister Street presents a specific and compelling opportunity. Its primary appeal lies in the land itself—a 6,477 sqft lot that is above average citywide. The existing 816 sqft living area is modest, placing it well below average for size in the Buchanan neighbourhood and across Winnipeg. The home features a basement (not renovated) and a detached garage.
The property’s value proposition is grounded in its potential. With a below-average assessed value and a recent 2020 sale price of $26.5k, it represents an accessible entry point. This setup is ideally suited for a buyer with a vision for renovation or expansion, looking to add value to a solid parcel of land. It could also appeal to an investor seeking a land-hold opportunity in a stable, established area, or to someone comfortable with a smaller, simpler footprint who appreciates the generous outdoor space. The data suggests you are purchasing a lot with a house on it, rather than a finished home, making it a project for a hands-on buyer or a long-term play.
Frequently Asked Questions
1. Is the home livable in its current state?
While livability depends on personal standards, the listing notes the basement is "not renovated." Prospective buyers should budget for updates and plan for a thorough inspection to understand the full scope of work needed for modern comfort.
2. Why is the assessed value so much lower than the citywide average?
The assessed value reflects the property's current state—its smaller, older living space and lack of renovations. It is assessed primarily for the land value in its present condition, not for potential future improvements.
3. What are the possibilities for expanding the living space?
The generous lot size is a key asset, offering clear potential for an addition or a significant renovation. Any plans would, of course, be subject to local zoning bylaws and permitting.
4. How does the property rank compared to immediate neighbours?
The data shows the lot size is around average for Isbister Street and Buchanan, but the living area and assessed value rank below average within those same groups. This indicates the house itself is more modest than others on the street, highlighting the land-to-building ratio.
5. What is the significance of the detached garage?
A detached garage offers valuable storage or workshop space separate from the house. For a property like this, it also provides flexible options; it could be maintained, repurposed, or even removed to make way for other landscaping or building projects.