Property Overview: 664 Buchanan Boulevard
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1961, situated on a notably spacious lot in Winnipeg's Buchanan area. Its primary appeal lies in the combination of a large, 6,050 sqft property—which is above average for both the street and the city—with the practical advantage of a renovated basement. The living area is a modest 1,080 sqft, typical for the immediate area, suggesting a home focused on essentials rather than grandeur.
The property would suit a first-time buyer, an investor, or a downsizer looking for a manageable footprint without sacrificing outdoor space. Its below-average assessed value relative to the neighbourhood and city indicates a potentially accessible entry point into the market. A thoughtful perspective is that this home represents a land-value opportunity; the generous lot offers future potential for expansion, gardening, or outdoor living that newer infill properties often lack. It’s a pragmatic choice for someone who values space around their home more than square footage within it.
Section 2: Frequently Asked Questions
1. What does "renovated basement" include?
The listing confirms the basement has been renovated, but specific details on the scope, finishes, or whether it includes a legal suite should be verified with the seller or listing agent.
2. How does the lot size compare practically?
At 6,050 sqft, the lot is larger than over 70% of properties citywide. This means more private yard space than many modern lots, but it's wise to check for any easements or unusual lot dimensions.
3. Why is the assessed value notably lower than the city average?
The assessed value is a municipal valuation for tax purposes and is often lower than market value, especially for older homes. This figure suggests property taxes may be relatively manageable, but the sale price is determined by the market.
4. What is the parking situation without a garage?
The listing specifies no garage. Buyers should inquire about on-site driveway parking, the potential to add a garage or carport, and street parking regulations in the area.
5. The home is older—what should I consider?
While the basement is renovated, a 1961-built home will have aging core components. A thorough inspection of the roof, foundation, wiring, plumbing, and heating systems is essential to understand any upcoming maintenance or updates needed.