Property Overview
This 1970-built bi-level home at 15 Downs Avenue presents a practical opportunity in Winnipeg's Buchanan neighbourhood. Its key appeal lies in a renovated basement and a lot size that is notably larger than many on its own street, offering above-average outdoor space for the immediate area. With 867 sqft of living space, the home is compact, suggesting efficient and manageable living. The most recent sale was in May 2022 for $250,000.
This property would suit first-time buyers or downsizers looking for a lower-maintenance home with some updated elements and a decent parcel of land. It’s also a candidate for buyers comfortable with a home that offers functional space but may require personalization over time. The data suggests it represents a more modestly sized and valued option within its community, potentially appealing to those seeking affordability without sacrificing yard space.
Frequently Asked Questions
How does the lot size compare?
While the 3,520 sqft lot is below average for both the wider Buchanan neighbourhood and Winnipeg overall, it ranks in the top 25% on Downs Avenue itself. This means you get more outdoor space than most direct neighbours, which is a relative advantage on this street.
Is the living space small?
At 867 sqft, the living area is below the average for the street, neighbourhood, and city. This indicates a compact, efficient layout. Buyers should consider if the renovated basement provides adequate additional functional space to meet their needs.
What does the assessed value indicate?
The assessed value of $27.4k is around average for the street but below average for the broader area. It's important to note that assessed value for tax purposes is different from market value; the home last sold for $250,000 in 2022.
How does the 2022 sale price context help?
The $250,000 sale price from May 2022 was above the average for similar homes on the street, in Buchanan, and across Winnipeg at that time. This suggests the property may have had perceived value or features that commanded a premium then, which is a useful data point for current evaluation.
What is the neighbourhood context for this home?
The data shows this home consistently trends below neighbourhood and city averages for size and value metrics, but holds its own or excels on its specific street. This paints a picture of a quieter, perhaps more modest pocket within Buchanan, offering a potential value proposition for the right buyer.