Property Overview
109 Buxton Road is a well-situated, single-storey home in Winnipeg's Crescent Park neighbourhood. Built in 1952, it sits on a generous 6,530 sqft lot that ranks above average for size both on its street and city-wide. The home itself offers 1,192 sqft of living space and features a renovated basement and a detached garage. Its most recent sale was in August 2022 for $42,500, and its current assessed value is $40,200, placing it around the average for the immediate area.
Key Characteristics & Appeal
This property’s primary appeal lies in its land and location. The lot size is a significant asset, offering ample outdoor space that is larger than most in Winnipeg, providing room for gardening, expansion, or simply enjoying a generous yard—a feature increasingly valued in urban settings. The renovated basement adds functional, flexible living space without the need for immediate updates. Its assessed and recent sale values are consistent with the local market, suggesting a stable, grounded investment without premium pricing for the neighbourhood.
It would suit a practical buyer looking for a solid foundation—perhaps a first-time homeowner who values space over a large interior footprint, or an investor seeking a property with a good land-to-building ratio in an established area. It’s less about high-end finishes and more about long-term potential and livability.
Frequently Asked Questions
1. What does "renovated basement" typically include?
While specifics should be verified by a viewing or inspection, a renovated basement in a home of this era often means finished living space, possibly with updated flooring, drywall, and lighting, making it immediately usable as a recreation room, office, or additional bedroom.
2. How does the lot size compare practically?
At 6,530 sqft, the lot is notably larger than the Winnipeg average (~6,570 sqft). This translates to a more substantial backyard than many city properties offer, a key point if outdoor space is a priority.
3. What is the significance of the assessed value being close to the recent sale price?
This close alignment suggests the property is not dramatically over- or under-valued according to municipal assessment, which can indicate market stability and potentially predictable property taxes relative to value.
4. Are there any concerns with a home built in 1952?
While the basement has been renovated, a home of this age may have original components like plumbing, electrical, or the roof that could require attention. A thorough home inspection is always recommended.
5. What is the neighbourhood character of Crescent Park?
Crescent Park is an established, mature neighbourhood. The property rankings show it has a mix of home ages and sizes, suggesting a varied, stable streetscape without a cookie-cutter feel.