Property Overview
848 Isbister Street is a well-situated, one-storey home in Winnipeg's Buchanan neighbourhood. Built in 1961, its primary appeal lies in its generous 6,597 sqft lot, which is above average for both the local area and the city. The home itself is modest in size at 858 sqft of living space and features a renovated basement and a detached garage. Its assessed value is consistently around the average for comparable properties, indicating a stable and established market position.
This property would suit a value-conscious buyer looking for land potential over square footage. It's ideal for someone comfortable with a home from the 1960s who sees opportunity in the large lot—whether for gardening, expansion, or future redevelopment. The renovated basement adds functional living space, making it practical for small families, first-time homeowners, or investors seeking a straightforward rental property in a mature neighbourhood.
Frequently Asked Questions
Is the large lot a common feature for homes in this area?
Yes. The lot size of 6,597 sqft ranks in the top 36% on Isbister Street itself and the top 27% within the wider Buchanan neighbourhood, making it a standout feature compared to many nearby properties.
How does the home's age affect its value or condition?
Built in 1961, the home is older than many in its immediate area. While this can mean maintenance considerations, it also often comes with established landscaping and mature neighbourhood character. The renovated basement suggests some key updates have been made.
The living area seems small. How does the layout function?
At 858 sqft, the main floor living area is below average for the city. However, the renovated basement effectively adds usable space, and the large lot offers room for potential additions or outdoor living to compensate.
Has the property's value been stable?
The assessed value has remained consistently around the average for comparable homes. Sale history shows a gradual increase from $25.8k in 2016 to $30.5k in 2021, reflecting steady, modest growth in line with its market segment.
What is the realistic potential for this property?
Its appeal is grounded in land value and location. The most likely path is as a solid, affordable home with great outdoor space. For the right buyer, the lot size presents the less obvious potential for a future expansion or as a long-term hold in a mature community.