Property score
58.1
Fair
Overall 58.1 · Smaller and older than most nearby homes
935 sqft (bottom 24%) · Built in 1955 (16 yrs older than avg)
Located in a above-average income area with median household income of ~86k
Transit 92.0 · 4-min walk to transit with 7 nearby routes · Within 500m: 3 dining spots, 1 healthcare facility, 4 parks, and 3 fuel stations nearby
Living Area
Below average
14% smaller than neighborhood avg.
Year Built
Below average
16 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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58.1 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
651 St Charles Street — 11 amenities found within 500 m, across 4 categories, including 3 dining (nearest 227 m), 1 healthcare (nearest 443 m), 4 parks (nearest 182 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 45% | Top 43% | Bottom 40% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 11% | Bottom 17% | Bottom 20% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This single-storey home at 651 St Charles Street in Winnipeg's Buchanan neighbourhood is defined by a notable contrast: it sits on a large, above-average lot but features a modestly sized, older home. Built in 1955, the 935 sqft house has a renovated basement and sits on a 7,499 sqft property, which ranks in the top 25% for size on its street and top 14% within Buchanan. Its assessed value is significantly below area averages.
The primary appeal lies in its land. The lot size offers substantial potential for expansion, gardening, or outdoor living, a rarity compared to newer developments. It suits a specific buyer: someone seeking an affordable entry into the neighbourhood with a clear value proposition in the property itself, not the current structure. It's ideal for a renovator, builder, or investor who sees the long-term value in the land and is prepared to update or replace the existing home. The renovated basement adds functional living space, providing a practical starting point during a longer-term improvement plan.
A less obvious perspective is that this property represents a "blank canvas" opportunity in an established area. While the home's metrics (living area, year built, value) are below average, that very fact is what makes it accessible. The buyer is essentially acquiring a strategic land position, with the existing house serving as a placeholder.
Frequently Asked Questions
1. Is this a teardown property?
While the existing home is smaller and older than area averages, it is a functional dwelling with a renovated basement. It could be a candidate for a significant expansion or a full rebuild, but it is not strictly a teardown, offering flexible options for the buyer.
2. Why is the assessed value so much lower than past sale prices and area averages?
The assessed value reflects the current state and size of the 1955-built structure. The significant difference between this value and area averages for typical homes highlights that the property's primary worth is in its land, not the existing improvements.
3. What are the main considerations for expanding or rebuilding?
The large lot is a major asset for any expansion. Key considerations would be checking specific zoning bylaws for setbacks, allowable building coverage, and any heritage or district guidelines that may apply to a home built in 1955.
4. How does the renovated basement factor into the living space?
The renovated basement adds usable space that is not reflected in the main-floor living area square footage (935 sqft). This provides immediate, functional room for a family, home office, or rental potential, which is a practical advantage while planning larger updates.
5. The sale history shows a significant price drop between 2019 and 2021. What does this indicate?
This sharp decrease likely reflects a market correction to align the price more closely with the property's intrinsic value—the land and the condition of the home itself—rather than any fundamental issue with the location. It underscores the property's current positioning as a land-value opportunity.
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