71.1
Good
Property score
71.1
Good
Overall 71.1
Larger and newer than most nearby homes
1,297 sqft (top 13%)
Built in 1990 (19 yrs newer than avg)
Located in a above-average income area
with median household income of ~86k
Transit 82.0
5-min walk to transit with 7 nearby routes
Within 500m: 2 dining spots, 4 parks, 1 sports facility, and 1 fuel station nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Above average
19% larger than neighborhood avg.
Year Built
Above average
19 yrs newer than neighborhood avg.
Mother tongue
English · 82%Tagalog · 3%
Past 10 years Buchanan sales snapshot (~80% of all data)
257
361k
$351/sqft
1971
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71.1 is composed by the two sections below.
Property Score
Community Score
Buchanan
How to read: Share of sales in each ~$50k price band for “buchanan” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110310
$86K
Median household income
$92K
Average household income
7%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
20%
Single-person households
25%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
25 Optimist Way — 8 amenities found within 500 m, across 4 categories, including 2 dining (nearest 327 m), 4 parks (nearest 124 m).
Buchanan · WPS public data · 2026
Annual incidents
3
2026
vs. city avg
-90%
relative to avg
Year-over-year
▼ -97%
vs. prior year
Primary type
Property
67%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 25% | Top 1% | Top 18% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 25 Optimist Way, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Buchanan presents a compelling blend of space, value, and potential. Its key characteristic is a generous 6,042 sqft lot, which is above average for Winnipeg and offers significant outdoor space or future expansion possibilities. The home itself is a manageable 1,297 sqft bungalow with an attached garage and a renovated basement, appealing to those seeking single-level living or flexible below-grade space.
The appeal lies in its strong value proposition within the desirable Buchanan neighbourhood. Built in 1990, it is notably newer than most area homes. While its living space is cozy, its recent sale price significantly outpaced its assessed value, indicating strong market confidence and potential for continued value growth. This property would suit first-time buyers or downsizers looking for a low-maintenance layout on a large lot, or value-conscious investors attracted by the neighbourhood’s prestige and the home’s modern (relative to the area) construction date. It’s a home where the land and location are the primary assets, with the house offering a functional, updated foundation.
Section 2: Frequently Asked Questions
Q: How does the lot size compare to others?
A: The lot is a major feature. At over 6,000 sqft, it’s larger than the average Winnipeg lot and provides substantial private outdoor space, which is a rarity for homes in this price bracket in established neighbourhoods.
Q: The living area seems modest. Is the home small?
A: At 1,297 sqft, the main floor living space is efficient. However, the renovated basement significantly expands the usable area, creating a more spacious feel than the above-ground square footage suggests.
Q: Why was the sale price so much higher than the assessed value?
A: Municipal assessed value is for tax purposes and often lags behind the current market. The premium sale price reflects strong buyer demand for Buchanan, the valuable lot size, the home’s updated condition, and its relatively newer build year compared to area peers.
Q: What does the "Elite" ranking for Year Built in Buchanan mean?
A: It means this 1990-built home is among the newest 4% of comparable properties in Buchanan, a neighbourhood with many older homes. This suggests potentially fewer immediate repairs (like roof or window replacements) than with a much older home.
Q: Is the renovated basement a legal suite?
A: The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should consult with the city and their inspector to verify the renovation permits and compliance, and to understand the possibilities for the space.
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