Property Overview: 22 Optimist Way, Buchanan
Key Characteristics & Appeal
This 1987-built, one-storey home in Buchanan sits on a 6,582 sqft lot, offering a practical layout with 1,407 sqft of living space and an attached garage. Its key appeal lies in its position as a solid, value-conscious offering within its wider community. While the home's footprint is more modest compared to some immediate neighbors on Optimist Way, it holds distinct advantages in the broader Buchanan area, where it ranks well above average for year built and living space. The renovated basement adds functional, modernized space.
This property would suit first-time buyers or practical downsizers looking for a manageable single-level home in an established neighborhood without a premium price tag. It’s a home that offers more room and a newer build date than many in the wider area, representing a smart compromise for those who prioritize community value over having the largest house on the block. The above-average lot size for Winnipeg also provides good outdoor potential.
Frequently Asked Questions
1. How does this home’s value compare to the area?
The home’s assessed value is above average for the Buchanan neighborhood but below the average for Optimist Way itself. This suggests you’re getting a well-priced property in a potentially desirable local pocket.
2. Is the living space sufficient for a family?
With 1,407 sqft plus a renovated basement, the home provides functional space. It’s smaller than some on its street but larger than the typical Buchanan home, making it suitable for a small to medium-sized family or those who value efficient design over vast square footage.
3. What does the lot size mean for me?
At 6,582 sqft, the lot is above the Winnipeg average, offering good yard space. However, it’s below the average for Optimist Way. This means you still get a generous outdoor area, but your immediate neighbors may have larger lots.
4. The home was built in 1987. What should I consider?
A 1987 build is newer than most homes in Winnipeg and significantly newer than the average in Buchanan. This is a positive, but it still places the home in an age range where key components like the roof, windows, and major systems should be inspected for their remaining lifespan and updates.
5. Why is there such a difference between the 2017 sale price and the current assessed value?
The 2017 sale price of $32.10k and the current assessed value of $40.20k reflect market changes and possible improvements (like the basement renovation). It’s essential to have a current market appraisal, as assessed value for taxation purposes doesn't always equal market value.