Property Overview
This well-established home at 319 Risbey Crescent in Winnipeg’s Buchanan neighbourhood presents a unique opportunity centered on its exceptional lot. Built in 1976, the one-storey home features 1,360 sqft of living space, a renovated basement, a detached garage, and a private pool. Its true distinction, however, lies in the land itself—a 15,877 sqft lot that ranks within the top 3% for size on its street and the top 1% within the entire Buchanan area. This generous, park-like setting is a rare find in the city.
The appeal here is for the buyer who values space and privacy above all. The home offers solid, updated fundamentals, but the property’s standout asset is the potential of its expansive grounds. It perfectly suits someone looking for a quiet retreat with room for gardens, recreation, or future expansion, all within a mature neighbourhood. It’s a property where the land tells the main story, offering a lifestyle of elbow room that is increasingly difficult to find.
Frequently Asked Questions
1. What does the "Elite" ranking for land area actually mean?
It means this property's lot size of nearly 16,000 sqft is larger than 97% of comparable lots on Risbey Crescent and over 99% of those in the Buchanan area. You are purchasing one of the largest parcels available in this locale.
2. The home was built in 1976. What should I consider?
While the basement has been renovated, the core structure is 50 years old. A thorough inspection of major systems (roof, plumbing, electrical, foundation) is essential. On a positive note, the data shows the home is newer than most on its street and in the neighbourhood, suggesting it may be among the more updated properties in the area.
3. How does the living space compare to the lot size?
The 1,360 sqft home is comfortably above average for the immediate area. The dramatic contrast between the home's footprint and the lot size highlights the property's balance: ample indoor living space paired with an unusually vast amount of outdoor private space.
4. The last sale was in 2017 for $36.5k, but the assessed value is now $42.1k. Is this relevant?
The 2017 sale price is a historical point of reference, but the current assessed value and market conditions will determine today’s value. The assessed value places the property in the top tiers for its street and neighbourhood, indicating its official valuation is strong relative to peers.
5. Who would this property not suit?
It may not be ideal for buyers seeking a modern, low-maintenance turnkey home on a standard lot. The extensive grounds require upkeep, and while the basement is renovated, the overall property may appeal more to those with a vision for utilizing or enhancing the spacious outdoors. It’s for a buyer whose priority is land, not just the house.