59.6
Fair
Property score
59.6
Fair
Overall 59.6
Newer than most nearby homes
988 sqft (bottom 37%)
Built in 1973 (2 yrs newer than avg)
Located in a high-income area
with median household income of ~100k
Transit 88.0
1-min walk to transit with 3 nearby routes
Within 500m: 1 school, and 5 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
10% smaller than neighborhood avg.
Year Built
Above average
2 yrs newer than neighborhood avg.
Mother tongue
English · 89%French · 3%
Past 10 years Buchanan sales snapshot (~80% of all data)
257
361k
$351/sqft
1971
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59.6 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: #46110306
$100K
Median household income
$104K
Average household income
0.2
Income inequality (Gini)
2.5
P90 / P10 ratio
14%
Single-person households
28%
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
3 Russenholt Street — 6 amenities found within 500 m, across 2 categories, including 1 education (nearest 269 m), 5 parks (nearest 328 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 | Bottom 36% | Top 37% | Bottom 43% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 3 Russenholt Street, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated bungalow in the Buchanan neighbourhood presents a practical opportunity with specific appeal. Its key characteristic is a generous, above-average lot size of nearly 6,000 sq ft, placing it in the top 7% for land area on its street. This offers valuable outdoor space and potential. The home itself is a modest 988 sq ft one-storey layout with a renovated basement and a detached garage, built in 1973. The recent sale history and assessed value indicate a property positioned as an accessible entry point into the market.
Its primary appeal lies in its land value and functional basics. It suits buyers looking for a solid foundation—perhaps first-time homeowners comfortable with a smaller living footprint who prioritize a large yard for gardening, pets, or future expansion. It could also attract investors or renovators who see the underlying value in the lot and the already-updated basement, viewing the existing structure as a canvas for modernization or an income suite potential. A less obvious perspective is that for downsizers or those seeking single-level living, the bungalow style combined with a low-maintenance lot (relative to its size) offers ease without sacrificing private outdoor space.
Section 2: Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its compliance with local zoning and building codes if considering rental income.
2. How does the lower assessed value impact property taxes?
A lower assessed value relative to some city averages can be an advantage, typically resulting in proportionally lower municipal property taxes, which is a key ongoing cost consideration.
3. What does the lot size mean for future plans?
The lot is significantly larger than many in the immediate area. This provides flexibility for additions, a large garden, or storage sheds, but any structural changes would require checking setback rules and obtaining proper permits.
4. The home sold recently in 2020. What does that indicate?
The sale in 2020 suggests a relatively short ownership period. It’s wise to inquire about the seller’s reason for moving to understand any context not captured in the data.
5. How does the living area compare for daily life?
At 988 sq ft above grade, the living space is compact. Prospective buyers should consider if the renovated basement adequately provides the necessary additional space for storage, recreation, or guests to make the overall layout comfortable for their needs.
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