Property Overview
This 1963 one-storey home at 528 Buchanan Boulevard in Winnipeg's Glendale neighborhood presents a straightforward, value-oriented opportunity. Its key appeal lies in its renovated basement and a practical, detached garage. At 1,049 sqft of living space on a 6,000 sqft lot, it sits squarely in the average range for the street and area in terms of size, age, and assessed value. This creates a predictable, stable proposition in the market.
The home would suit first-time buyers seeking an entry point into a established neighborhood, or practical investors looking for a manageable rental property. Its average metrics suggest lower risk of overpaying relative to the immediate area, while the renovated basement adds functional living space without the premium of a fully updated home. A less obvious perspective is that its "middle-of-the-pack" characteristics could offer a quieter purchasing experience, potentially with less competition than a standout property, while still providing the fundamentals of homeownership in a community setting.
Frequently Asked Questions
1. How does this home's value compare to its neighbors?
The home's assessed value is very typical for Buchanan Boulevard and the Glendale area, ranking near the middle. This suggests it is priced in line with community norms, not as a discount fixer-upper or a premium listing.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, permits, and whether it includes a separate entrance or kitchenette, as this significantly impacts utility and value.
3. Is the lot size a disadvantage?
At 6,000 sqft, the lot is larger than many on its street but slightly below the city average. It provides ample yard space for a family or gardening, but may not be suited for someone seeking extensive privacy or room for future large additions.
4. What is the typical buyer competition for a home like this?
Given its average metrics and practical features, competition is more likely to come from locals and first-time buyers rather than investors seeking high returns or families needing move-in-ready luxury. The recent sale in late 2023 provides a solid, recent price benchmark.
5. Why is the citywide assessed value comparison so different?
The data shows the home's assessed value is below the citywide average. This is typical, as averages are skewed higher by newer, larger homes in more expensive neighborhoods. For a true comparison, focus on the "Same street" and "Same area" metrics, which are more relevant.