Property Overview
122 Buxton Road is a compact, one-storey home built in 1922, situated on a generously sized lot in Winnipeg's Crescent Park neighborhood. Its key appeal lies in its entry-level price point and significant lot size, offering a clear value proposition centered on land and location rather than the home's footprint or condition. The 734 sqft living area is notably below average for the street, area, and city, indicating a home suited for minimalists, renovators, or those viewing the property as a land investment. Its last sale was in 2019 for $21,900, with a current assessed value of $29,200, which is significantly below city averages. The renovated basement adds functional living space.
This property would best suit a first-time buyer or investor with a limited budget who prioritizes lot size over move-in-ready condition, or a buyer with a long-term vision to eventually rebuild or extensively renovate. Its below-average metrics in size, value, and age suggest it is one of the most affordable options in the area, appealing to those seeking entry into the market with future potential.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value reflects the home's very small size (734 sqft), its age (104 years), and its basic condition relative to the broader market. It is priced as a land-value proposition with an existing structure.
2. What does "below average" for living area mean in practical terms?
With 734 sqft, the home's main floor living space is roughly half the size of an average Crescent Park home. This typically means a very efficient or compact layout with limited rooms, suited for one or two people.
3. Is the large lot a benefit?
Yes. The 6,394 sqft lot is above the city average and provides valuable outdoor space and future potential. For the right buyer, this is the property's main asset, offering privacy, room for gardens, or future expansion subject to zoning.
4. Who might this property not suit?
It would not suit buyers looking for a move-in-ready family home with ample space, modern amenities, or garage parking. The below-average rankings across most metrics indicate a project or a very modest living situation.
5. The home has a renovated basement. Does that help?
Yes, a renovated basement effectively adds usable living space not fully captured in the main square footage, providing crucial extra room for laundry, storage, or recreational use, which is important in a smaller home.