Property Overview: 728 Buchanan Boulevard
Key Characteristics & Appeal
This is a well-situated, single-storey home on a generous 6,050 sqft lot in Winnipeg's Buchanan area. Built in 1961, its primary appeal lies in its established neighbourhood setting and the significant value placed on the land itself. The lot size is notably above average for both the immediate street and the broader city, offering ample outdoor space and potential. While the 1,000 sqft living area is modest by today's standards, it is complemented by a renovated basement, adding functional space. The home last sold in 2021 for $340k, a price that was competitive within its local context.
Its appeal is grounded in practicality and location. It suits first-time buyers or downsizers looking for a manageable, single-level layout in an established area without the upkeep of a larger house. The renovated basement adds flexibility for a home office, recreation room, or extra storage. A thoughtful perspective is that this property represents a balance: you are investing significantly in the land and location, with a home that provides solid fundamentals. It’s a candidate for those who value outdoor space and a quiet street over brand-new finishes, and it could serve as a comfortable long-term home or a strategic entry point into the market.
Frequently Asked Questions
1. How does the lot size compare to others?
The 6,050 sqft lot is a key feature. It ranks in the top 22% on Buchanan Boulevard and the top 29% citywide, meaning it's larger than most comparable properties.
2. Is the house older than others in the area?
Yes. Built in 1961, it is older than most homes on its street and in the Buchanan neighbourhood. This is reflected in its ranking in the bottom 20% for year built locally.
3. What does the "renovated basement" include?
The provided details confirm the basement is renovated but do not specify the scope or finishes. This would be a key point to clarify with the listing agent or during a viewing.
4. How does the 2021 sale price of $340k help assess its value?
That sale price was above average for the street and around average for the wider neighbourhood and city at that time. It serves as a recent benchmark, but current market conditions must be considered for today's value.
5. There's no garage. Is there parking?
The listing specifies no garage. Potential buyers should investigate the driveway situation (if any) and on-street parking availability to understand their parking options.