Property Overview: 912 Isbister Street, Winnipeg
Key Characteristics & Appeal
This home at 912 Isbister Street in the Buchanan neighbourhood presents a practical opportunity centred on land value and renovation potential. Built in 1972, it’s a one-storey house with a renovated basement and a detached garage. Its key characteristic is a 6,597 sqft lot, which is notably larger than many lots in both the immediate area and citywide, placing it in the top third for land size locally. While the living space (946 sqft) is modest compared to area averages, the property’s assessed value ranks above average for its street and neighbourhood, suggesting the improvements and lot size are recognized.
The primary appeal lies in its solid foundation—both literally, with recent basement updates, and figuratively, with a substantial, above-average lot in an established community. It suits a value-conscious buyer looking for a manageable footprint with room to grow outdoors, or an investor/renovator who sees potential in the generous yard and the already-updated basement. It’s a property where the value is arguably more in what you have (the land and core structure) than in the current interior square footage, making it a thoughtful choice for those planning long-term value addition.
Frequently Asked Questions
1. How does the lot size compare to a typical city lot?
The lot is 6,597 sqft, which is larger than the average Winnipeg lot (approx. 6,570 sqft) and significantly larger than many in the Buchanan neighbourhood (where the average is approx. 6,011 sqft). This provides ample outdoor space.
2. Has the home been updated recently?
The basement has been renovated. The main living areas are in a 1972 one-storey structure, so buyers should budget for potential updates to systems or finishes consistent with a home of this age.
3. What is the neighbourhood like?
Buchanan is an established Winnipeg neighbourhood. The property’s metrics (like year built and assessed value) are consistently around or above the local averages, indicating a stable, mature area.
4. Why is the assessed value higher than some nearby homes?
The assessed value of $34,800K ranks above average for the street and neighbourhood. This is likely due to the combination of the larger-than-average lot size and the renovated basement, which add measurable value.
5. Is the living space smaller than similar homes?
Yes, at 946 sqft, the living area is below the average for both Buchanan and Winnipeg. This makes the property a more efficient layout, suitable for those who prioritize low maintenance and outdoor space over extensive indoor square footage.