Property Overview: 492 Buchanan Boulevard, Winnipeg

Key Characteristics & Appeal

This well-situated one-storey home in Glendale presents a compelling blend of space, modernity, and value within its immediate neighborhood. Its key appeal lies in its above-average living area (1,381 sq ft, ranking in the top 7% on its street) paired with a notably newer construction year of 1978, making it one of the more contemporary homes in the area. The property features a renovated basement and a detached garage on a standard-sized lot.

The home’s assessed value ranks in the elite top 5% on Buchanan Boulevard, suggesting it is perceived as a higher-value asset locally compared to its direct neighbors. This creates an interesting dynamic: you get a home that feels spacious and modern for the street, yet its city-wide assessment is around the median, indicating it may offer relative value when viewed from a broader Winnipeg perspective.

This property would suit a buyer looking for single-level living without compromising on interior space, who values a home that stands out positively in its immediate locale for its size and age. It’s ideal for someone who appreciates a renovated basement for extra living space and wants the flexibility of a detached garage. The numbers suggest it’s a strong, modern contender on a street of older homes, perfect for a buyer who doesn’t need to be in the newest subdivision but wants one of the more updated options in an established area.

Frequently Asked Questions

1. How does the assessed value compare to likely market value?
While the assessed value of $38,500 ranks very high for the street, it's crucial to remember this is a tax assessment, not a market appraisal. Market value is determined by recent sales, condition, and buyer demand. The provided sales history from 2021 shows a price range that aligns more closely with the street average.

2. What does the "newer" 1978 build year mean for maintenance?
A 1978 home is newer than most on the street, which can be an advantage. However, it still means core components like the roof, windows, and major systems are approaching or within typical renewal periods. A thorough inspection is recommended to gauge their current condition.

3. Is the living area inclusive of the renovated basement?
The listing notes a renovated basement separately. The 1,381 sq ft living area typically refers to above-grade space. The basement renovation adds additional finished living area, which is a significant functional bonus not fully reflected in the main square footage metric.

4. What are the implications of a detached garage?
A detached garage offers flexibility (e.g., workshop potential) and may reduce noise transfer to the main house. The trade-off is convenience during harsh Winnipeg winters, as you must go outside to access your vehicle from the home.

5. How can I get the exact historical sale price?
The exact sold price is not publicly displayed due to data sourcing. As noted on the detail page, you can request the accurate figure via email from the site administrators, who provide it manually without using your email for unsolicited marketing.