Property Overview: 668 Buchanan Boulevard
Key Characteristics & Appeal
This well-situated one-storey home on a spacious 6,050 sqft lot presents a solid opportunity in Winnipeg's Buchanan area. Built in 1974, it is notably newer than many comparable homes on its street and in the immediate neighbourhood, which often translates to fewer concerns about aging core components. The living area of 1,193 sqft is comfortably above average for the local area, offering more interior space than many peers. A key feature is the renovated basement, which adds functional living space and modern appeal. The property includes a detached garage.
Its primary appeal lies in its strong positional metrics within a established community. The lot size, year built, and living area all rank in the top 25% when compared directly to other homes on Buchanan Boulevard, indicating a property that stands out positively on its own street. This suggests a good balance of house and land for the location. The most recent sale price in 2022 was well above the street average, highlighting its perceived value.
This home would suit a buyer looking for a move-in ready foundation in a mature neighbourhood, particularly one who values a larger, newer home relative to its immediate surroundings. It's ideal for someone who appreciates the character of established areas but wants a property that outperforms local averages in key categories like lot size and building age. The renovated basement adds immediate utility, making it suitable for small families, downsizers, or investors seeking a property with strong fundamentals.
Frequently Asked Questions
1. What does the "Top X%" ranking mean for this property?
These rankings compare this home against specific groups: its own street, the broader Buchanan area, and all of Winnipeg. For example, being in the "Top 12%" for year built on its street means it is newer than 88% of similar homes on Buchanan Boulevard, a positive indicator of its relative condition.
2. The assessed value seems low. Is that accurate?
Yes, the assessed value for tax purposes is listed correctly at $34,500. It's important to note that municipal assessed value is not market value. The property sold for $39,200 in 2022, which is a more relevant indicator of its market price.
3. How does the lot size compare?
At 6,050 sqft, the lot is above average for both Buchanan Boulevard and the Buchanan neighbourhood overall. This means more outdoor space and potential than many nearby properties.
4. What is the significance of the home being "newer" than area averages?
A 1974 build date is more recent than the average for the street (1967) and area (1971). This can suggest updated wiring, plumbing, and structural elements compared to older homes, potentially reducing immediate renovation needs.
5. Who might this property not suit?
Buyers seeking a brand-new build, a very large interior footprint by city-wide standards, or an attached garage may want to consider other options. Its appeal is strongest relative to its immediate, established neighbourhood rather than as a standout in the entire city for sheer size.