Property score
45.2
Below average
Overall 45.2 · Smaller and older than most nearby homes
615 sqft (bottom 1%) · Built in 1950 (21 yrs older than avg)
Located in a above-average income area with median household income of ~86k
Transit 92.0 · 5-min walk to transit with 7 nearby routes · Within 500m: 2 dining spots, 4 parks, and 2 fuel stations nearby
Living Area
Below average
44% smaller than neighborhood avg.
Year Built
Below average
21 yrs older 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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45.2 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
646 Magnan Street — 8 amenities found within 500 m, across 3 categories, including 2 dining (nearest 273 m), 4 parks (nearest 160 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 37% | Bottom 6% | Bottom 13% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Key Characteristics
This 1950-built, one-storey home on a 4,568 sqft lot in Buchanan presents a straightforward opportunity. Its key appeal lies in its renovated basement and detached garage, offering functional space and storage. With a modest 615 sqft of living area, it is one of the smaller homes in its immediate area, which positions it as an accessible entry point into the neighbourhood. The lot size is also slightly below the local average, suggesting a manageable outdoor space.
The property would likely suit first-time buyers or investors seeking a lower-priced foothold in Winnipeg. Its below-average assessed and historical sale values indicate a potentially lower barrier to entry. A thoughtful perspective is that this home, while compact, offers the chance to live in Buchanan without the premium often attached to larger, newer builds in the area. It’s a practical choice for those who prioritize location and the essentials of homeownership—a solid structure, a private garage, and a renovated basement—over square footage.
Frequently Asked Questions
1. Is the house particularly small compared to its neighbours?
Yes. The living area of 615 sqft ranks it below average not only on its own street but also within the wider Buchanan neighbourhood and city overall. It is among the most compact homes in the immediate area.
2. What does the "renovated basement" entail?
The listing confirms the basement has been renovated, but the specific scope, quality, and permits for this work are not detailed here. This would be a key point for a buyer to investigate further during a viewing or through their agent.
3. How does the property's value compare to the area?
Both its assessed value and its last known sale price are below the average for comparable homes on Magnan Street, in Buchanan, and across Winnipeg. This suggests it may be priced accessibly within its market.
4. What is the significance of the lot size ranking?
The land area is below the average for Magnan Street and Buchanan, but ranks closer to the city-wide average. This means the yard is manageable and typical for many Winnipeg homes, though not as spacious as some others in the immediate vicinity.
5. Are there any obvious concerns from the data provided?
The age of the home (76 years) is a consideration. It is the oldest on its street and older than most in the neighbourhood. While it has a renovated basement, the overall condition of the original structure, roof, wiring, and plumbing should be factored into any decision.
