805 Isbister Street

Property Overview: 805 Isbister Street, Winnipeg

Key Characteristics & Appeal

This is a one-storey home built in 1960 on a notably large lot in the Buchanan neighbourhood. The primary appeal lies in its generous 7,683 sqft land area, which ranks in the top 12-13% when compared to similar homes on its street, in the area, and citywide. This presents a significant canvas for gardening, expansion, or simply enjoying ample private outdoor space. The living area (1,248 sqft) is also comfortably above average for its immediate locale.

The home’s assessed and recent sale value is below average for its peer groups, suggesting it may be priced accessibly relative to its land value. This combination—a sizable lot at a value-conscious point—creates a specific opportunity. It would suit a buyer with vision, such as a renovator looking to update a solid structure on a premium lot, or an investor or homeowner who prioritizes land size over a modern build. It’s a property where the value is fundamentally in the land and the potential it holds, rather than in recent updates or a high assessment.

Frequently Asked Questions

1. What does "below average" for Year Built mean?
It means this 1960 home is older than most comparable properties in Buchanan and on Isbister Street, where the average build year is around 1971. This suggests some homes in the area may have been updated or rebuilt more recently.

2. Is the low assessed value a concern?
Not necessarily. A below-average assessment in conjunction with a large, above-average lot can indicate an opportunity. It often reflects the age and condition of the home itself, implying the lot is a major asset. Property taxes would likely be based on this current assessment.

3. Who would this property suit best?
It’s ideal for a buyer whose priority is securing a large lot. This could be someone planning a future addition, a gardener, or a value-focused buyer comfortable with a home that may require updates. It’s less suited for those seeking a move-in-ready modern home.

4. How significant is the lot size?
Very. At 7,683 sqft, the lot is over 1,200 sqft larger than the area average. This isn’t a marginal difference; it offers tangible extra space for outdoor activities, landscaping, parking, or potential future development, subject to zoning.

5. There's no garage or basement. How does this impact living?
The lack of a basement reduces storage and potential for below-ground living space, while no garage affects vehicle storage and workshop areas. This makes the large lot even more valuable for adding a shed or garage, and places a premium on the home’s main-floor layout and storage solutions.