Property Overview & Key Characteristics
This 4-level split home, built in 1969, presents a compelling opportunity defined by its generous proportions and established Buchanan Boulevard location. Its primary appeal lies in a combination of above-average space and a renovated basement, all situated on a large, mature lot. The 1,509 sqft of living space ranks in the top tier for the street, offering more room than most comparable homes in the immediate area. The 7,254 sqft lot is notably spacious, placing it in the top 5% of properties on Buchanan Boulevard, providing ample outdoor privacy and potential.
The home suits buyers looking for a solid, spacious foundation in a well-established neighbourhood. It’s ideal for someone who values a large yard and appreciates a home where significant updates, like the basement renovation, are already in place. A thoughtful perspective is that while the home’s assessed value is healthy for its specific street and neighbourhood, it sits around the city-wide average, which could represent a relative value proposition for the amount of land and living space offered compared to newer areas.
Frequently Asked Questions
1. What does "4 Level Split" mean for daily living?
This style typically means living spaces are spread over multiple half-levels, creating defined zones and potentially offering more privacy between bedrooms and common areas. It can feel more spacious than a standard bungalow or two-storey of similar square footage.
2. How does the large lot size benefit me?
Beyond simple yard space, a lot in the top 5% for the street provides significant room for gardening, play, pets, or future additions like a deck, shed, or expanded parking. It also often means greater distance from neighbours, enhancing privacy.
3. The home was built in 1969. What should I consider?
While the basement has been renovated, a home of this age will have original core components. A thorough inspection is advised to understand the condition of the roof, windows, plumbing, and electrical systems to plan for future maintenance or updates.
4. The assessed value seems lower than the sale price from 2020. Why?
Municipal assessed value for taxation purposes often lags behind current market values and is calculated using a specific formula. It should not be used as a direct indicator of today's listing or sale price, which is determined by the current market.
5. What is the significance of the detached garage?
A detached garage offers flexibility—it can be used for vehicle storage, a workshop, or extra storage without impacting the living space of the home. However, it requires going outdoors to access, which is a consideration during Winnipeg winters.