Property Overview: 850 Buchanan Boulevard
Key Characteristics & Appeal
This is a well-situated, classic one-storey home on a generous 6,050 sqft lot in Winnipeg's Buchanan area. Built in 1964, its key updated feature is a renovated basement, adding valuable finished space to the 1,005 sqft main living area. The property includes a detached garage.
Its primary appeal lies in its strong land value and established location. The lot size is notably above average for both the immediate street and the city overall, offering room and potential in a mature neighbourhood. The home’s assessed value ranks highly on its street, suggesting it is viewed as a solid asset within its most direct peer group. It suits practical buyers looking for a manageable single-level layout with a finished basement, who value a larger lot over a large house footprint. It’s a candidate for someone seeking a stable, long-term home in an established area, or a land-conscious buyer who sees potential in the property’s generous outdoor space.
Frequently Asked Questions
Q: How does the lot size compare to nearby properties?
A: The 6,050 sqft lot is above average, ranking in the top 22% compared to other homes on Buchanan Boulevard. This is one of the property's standout features.
Q: Is the living space smaller than typical homes?
A: The 1,005 sqft living area is around average for the neighbourhood but below the city-wide average. The renovated basement provides additional finished space to compensate.
Q: What does the assessed value ranking indicate?
A: Its assessed value ranks in the top 19% on its own street, meaning it is valued higher than most direct neighbours. This often reflects the property's overall desirability and condition relative to its immediate surroundings.
Q: How old is the home, and is that a concern?
A: Built in 1964, the home is around the average age for the city. While this means maintenance typical of its era should be expected, the renovated basement shows an investment in updating.
Q: What is the significance of the detached garage?
A: A detached garage is a practical feature for vehicle storage and workshop space. It also offers flexibility for future property use or landscaping plans, as it is separate from the house structure.