Property Overview
This 1977-built, one-storey home at 963 Isbister Street in Winnipeg's Buchanan neighbourhood presents a practical opportunity. Its key appeal lies in a combination of a renovated basement and a lot size that is manageable yet offers room for outdoor use. At 1,138 sqft of living space, the home is above average in size for its immediate street and area, providing comfortable living quarters. The detached garage adds functional storage or workshop space.
The property’s data reveals some thoughtful nuances. While the lot is slightly smaller than some direct neighbours, the home itself is newer and larger than many comparable houses on the street, suggesting it may have been well-maintained or updated over time. The assessed value consistently ranks above average for the area, indicating a solid foundation of perceived value. This home would suit first-time buyers, downsizers, or practical investors looking for a move-in-ready base with a modernized lower level and a low-maintenance footprint. Its value proposition is straightforward: a renovated, functional home in a stable setting without the premium for a massive lot.
Frequently Asked Questions
Is the lot size a disadvantage?
At 5,124 sqft, the lot is slightly below the average for Isbister Street but remains a very usable size for a garden, patio, or play area. It may actually be an advantage for buyers seeking easier yard maintenance.
How does the 2020 sale price compare?
The home sold for $300,000 in December 2020, which was below the city-wide average at that time but ranked in the top third for sales on Isbister Street itself, showing it was a competitive price within its specific location.
What does "above average" for year built mean?
Built in 1977, the home is newer than approximately 83% of comparable homes on its street and 86% in the Buchanan area. This can suggest potentially fewer issues with aging infrastructure compared to older neighbourhood homes.
Is the living space sufficient for a family?
With 1,138 sqft above grade plus a renovated basement, the home offers flexible space. It is comfortably above the local average, making it suitable for a small family or couple.
What is the context for the 2019 sale price of $29,500?
This very low sale price in 2019 is not representative of market value and typically indicates a non-arms-length transaction, such as a transfer between family members. The 2020 sale price is the relevant market comparison.