Property Overview
953 Buchanan Boulevard is a well-maintained, one-storey home in Winnipeg's Crestview neighbourhood. Its key appeal lies in its strong positioning within its immediate area, offering above-average space and a notably high assessed value relative to its local peers. The home features a renovated basement and a detached garage on a standard-sized lot.
Key Characteristics & Ideal Buyer
This home stands out for its generous living area (1,219 sq ft), which ranks in the top 20% on its own street and top 25% in Crestview, offering more interior space than many comparable homes nearby. Its most striking characteristic is its assessed value of $39.9k, which places it in the elite top 5% for both Buchanan Boulevard and the wider Crestview area, suggesting it is a highly valued property in its local market. Built in 1968, it is typical for the area. The lot size is average for the street but becomes above-average when viewed citywide.
The appeal is rooted in acquiring a property with proven, superior valuation in its micro-market, which may indicate desirable intangible factors like street prestige or specific upgrades not fully captured in the basic metrics. It would suit a buyer looking for a move-in ready, single-level home who values space and stability in a mature neighbourhood. It’s particularly suited for someone who understands and appreciates hyper-local market dynamics, where a home’s value on its own street can tell a more relevant story than city-wide comparisons.
Frequently Asked Questions
1. Why is the assessed value so high compared to nearby homes?
While the exact formula is not public, a significantly higher assessed value than immediate neighbours often reflects substantial improvements, desirable lot features, or a premium location on the street, as confirmed by its "Elite" ranking in the area.
2. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its compliance with local regulations if considering rental income.
3. How does the recent sale price compare to the assessment?
The home sold for $45.9k in September 2024, which is above its $39.9k assessed value. This indicates strong market demand and that buyers were willing to pay a premium over the city's valuation.
4. What are the implications of a home built in 1968?
This is a standard build year for Crestview. Buyers should ensure a thorough inspection of core systems like plumbing, electrical, and the roof, which may be due for updates or replacement given the home's age.
5. How does the living area compare to newer homes?
At 1,219 sq ft, the living area is above average for Crestview but slightly below the current city-wide average. This means you get more space than most neighbours, but the layout and room sizes may differ from modern open-concept designs.