Property Overview: 1012 Isbister Street, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in Buchanan presents a compelling opportunity centered on space and value. Its key appeal lies in the generous proportions of both its lot and living area compared to local norms. With over 1,500 sqft of living space, it ranks in the top 7% for size on its street, offering more room than most nearby bungalows. The 7,068 sqft lot is also significantly above average, providing ample outdoor space and potential.

The home’s 1978 build date is newer than most in the immediate area, which can suggest updated infrastructure. A recently renovated basement and an attached garage add practical, modern convenience. The data indicates a strong value proposition: the property historically sold for a price that was above average for the neighbourhood but aligned with its larger size and condition.

This property would best suit buyers looking for a spacious bungalow layout without sacrificing yard size, ideal for families, those who work from home, or anyone who values room to grow. It’s a solid choice for a buyer who appreciates a home that stands out in its local context for its physical attributes rather than just its address.

Section 2: Frequently Asked Questions

1. How does the lot size compare to a typical Winnipeg property?
The lot is 7,068 sqft, which places it in the top 16% city-wide—significantly larger than the Winnipeg average of about 6,570 sqft. This is one of the home's most distinguishing features.

2. The home was built in 1978. Are there any concerns with that era of construction?
Homes from the late 1970s in Winnipeg often benefit from modern wiring and insulation standards compared to older stock. However, as with any home of this age, the condition of the roof, windows, and major mechanical systems (furnace, water heater) should be verified during an inspection.

3. The assessed value seems low compared to the last sale price. Why is that?
Manitoba’s property assessments are not intended to reflect current market value directly. They are used for municipal tax calculations. The sale price is determined by the market and reflects what a buyer was willing to pay for the home's specific condition, size, and location at that time.

4. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A viewing or inquiry with the listing agent is necessary to determine if it is a finished living space, a modernized utility area, or includes legal secondary suite potential.

5. Is the neighbourhood trending in a particular direction?
The data shows that comparable homes on Isbister Street and in Buchanan have above-average sale prices and assessed values relative to the city. This suggests the area is perceived as desirable, potentially due to factors like lot sizes, established streetscapes, and the appeal of one-storey homes.