57.1
Fair
Property score
57.1
Fair
Overall 57.1
Smaller but newer than most nearby homes
826 sqft (bottom 8%)
Built in 1973 (2 yrs newer than avg)
Located in a high-income area
with median household income of ~109k
Transit 74.0
4-min walk to transit with 2 nearby routes
Within 500m: 1 school, 2 parks, and 1 bank/ATM nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
24% smaller than neighborhood avg.
Year Built
Above average
2 yrs newer than neighborhood avg.
Mother tongue
English · 85%French · 2%
Past 10 years Buchanan sales snapshot (~80% of all data)
257
361k
$351/sqft
1971
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57.1 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: #46111093
$109K
Median household income
$147K
Average household income
5%
Low income (LIM-AT)
0.3
Income inequality (Gini)
4.0
P90 / P10 ratio
23%
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
623 Hamilton Avenue — 4 amenities found within 500 m, across 3 categories, including 1 education (nearest 485 m), 2 parks (nearest 239 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 37% | Top 49% | Bottom 36% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 42% | Bottom 49% | Bottom 36% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This 1973 bi-level home at 623 Hamilton Avenue in Winnipeg's Buchanan neighbourhood presents a compact, no-frills property centered on its land value and functional living space. Its primary appeal lies in its efficient, renovated basement and its position as a relatively affordable entry point into the Winnipeg market. The home suits first-time buyers, investors, or downsizers seeking a low-maintenance footprint with renovation potential, particularly for those who prioritize location and lot value over interior square footage.
Key Characteristics & Appeal
The home's key characteristic is its modest 826 sqft living area, which is notably smaller than most comparable homes in the area, city, and on its own street. This isn't necessarily a drawback; it translates to lower utility costs and minimal upkeep. The appeal is grounded in its renovated basement, which adds functional space, and its 3,568 sqft lot, which is a competitive size for the immediate street. While the home's assessed value sits below city and neighbourhood averages, its sale price history shows it trades consistently around the average for Hamilton Avenue itself, suggesting it's priced appropriately for its specific micro-location.
A thoughtful perspective is that this property represents a "blank canvas" scenario. The smaller interior and older building year (1973) mean buyers are purchasing the location and the lot, with the home itself offering functional basics. It would suit a pragmatic buyer who sees the renovated basement as a solid starting point and views any above-ground updates as a value-add project over time. It's less suited for those needing ample room or modern, turn-key finishes without immediate further investment.
Frequently Asked Questions
1. Is the living space too small?
At 826 sqft, the living area is compact. The renovated basement provides crucial additional functional space, making the property more viable for a small household or an individual. Buyers should consider if the layout and total usable space meet their needs.
2. How does the lot size compare?
The 3,568 sqft lot is above average for the immediate street (top 61%), which is a positive. It offers a decent outdoor space for the area, which is a valuable asset not reflected in the home's smaller interior square footage.
3. What does the sale history indicate?
The property sold in August 2023 for $29,400 and previously in December 2021 for $290,000. The significant difference is notable and may reflect unique circumstances of each sale. It underscores the importance of a current appraisal and understanding the specific context of the 2023 transaction.
4. Who might this property suit best?
It's a strong candidate for a first-time buyer comfortable with a cozy layout, an investor looking for a rental property with a renovated basement suite potential (subject to zoning verification), or a downsizer seeking minimal interior maintenance.
5. How does its value compare?
Its assessed value is below neighbourhood and city averages. However, its recent sale price was around the average for Hamilton Avenue itself. This suggests the property is valued in line with its very specific location, offering a more affordable entry point to this street than the neighbourhood data might imply.
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