Property Overview
This well-situated one-storey home at 117 Buxton Road in Winnipeg's Crescent Park neighbourhood presents a solid opportunity. Built in 1955, it sits on a generous 6,785 sqft lot that is notably larger than most in the immediate area. The 1,548 sqft living space is comfortably above average for similar homes, and the basement has been renovated. The property last sold in October 2022 for $500k, a price point that placed it in the top tier for the street and above average for the wider city, indicating strong perceived value. With no garage or pool, the appeal here is grounded in space, location, and a renovated core area.
Key Characteristics & Appeal
The primary draw is the combination of a sizable, above-average lot in an established neighbourhood and a home with renovated fundamentals. Its appeal lies in offering more outdoor space than is typical for the area, which is a significant advantage for gardening, recreation, or future expansion. The renovated basement adds immediate functional living space without the need for initial projects.
This property would suit a few specific buyer types well. First-time buyers or downsizers looking for a manageable one-storey layout in a mature neighbourhood will find the renovated basement a major plus. It's also a sensible fit for value-conscious buyers who prioritize land size over premium finishes or extra features like a garage. The strong historical sale price suggests it holds its value in a desirable locale, making it a pragmatic choice for those viewing a home as a long-term investment.
Frequently Asked Questions
1. How does the lot size compare to others?
The 6,785 sqft lot is in the top 14% for Buxton Road, meaning it's significantly larger than most direct neighbours and above the city-wide average.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. This is a key detail to clarify with the seller or agent regarding the finish, permits, and intended use (e.g., living space, rental suite, recreation room).
3. Is the lack of a garage a major concern?
This depends on buyer needs. For some, the large lot offers potential for adding a garage or shed. For others, it may require reliance on street parking, which should be assessed during a visit.
4. How does the 2022 sale price inform current value?
The $500k sale was well above average for the street and area at that time, demonstrating the property's competitive market position. It serves as a strong recent benchmark, but current market conditions will determine today's value.
5. What is the neighbourhood character like?
Located in Crescent Park, the home is on a street with properties of similar vintage. The above-average lot and living space metrics suggest a neighbourhood of comfortable, established homes, not densely packed.