Property score
54.6
Fair
Overall 54.6 · Smaller but newer than most nearby homes
829 sqft (bottom 9%) · Built in 1974 (3 yrs newer 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, 1 sports facility, and 2 fuel stations nearby
Living Area
Below average
24% smaller than neighborhood avg.
Year Built
Above average
3 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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54.6 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: #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
654 Magnan Street — 9 amenities found within 500 m, across 4 categories, including 2 dining (nearest 296 m), 4 parks (nearest 129 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 13% | Top 19% | Top 44% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 25% | Bottom 24% | Bottom 24% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 654 Magnan Street, Winnipeg
Section 1: Key Characteristics & Appeal
This 1974 bi-level home at 654 Magnan Street presents a practical and renovated living space on a standard city lot in the Buchanan neighbourhood. Its key appeal lies in its recent, significant value increase and its position as a relatively newer home on its street. With 829 sqft of living space and a renovated basement, it offers a compact, low-maintenance footprint. The home has no garage or pool, emphasizing simplicity.
The property’s standout characteristic is its investment story: it sold for $25,600 in early 2021 and then for $360,000 in mid-2024. This dramatic appreciation suggests substantial improvement or a rapidly shifting local market. While its living space is below average for the broader Buchanan area and city, its lot size is typical for the street and its build year is newer than most immediate neighbours, which could mean fewer major age-related concerns compared to nearby homes.
This property would suit first-time buyers seeking an entry point into homeownership with modernized basics, or value-oriented investors attracted by its recent equity growth trajectory. It’s less suited for those requiring ample above-ground square footage, garage parking, or expansive 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 regulations if considering rental income.
2. Why was there such a large price increase between 2021 and 2024?
While the data doesn't specify, increases of this magnitude typically result from a combination of major renovations, a hot market period, and the previous 2021 sale potentially being a non-arms-length transaction or land-only value.
3. How does the lack of a garage affect utility and value here?
For this neighbourhood and property type, the absence of a garage is common. Buyers should budget for alternate parking and consider the impact on winter convenience and storage, which is often reflected in the price compared to similar homes with garages.
4. The living area is noted as below average for Buchanan. How does the floorplan feel?
At 829 sqft, the home is compact. The bi-level design and renovated basement likely create a sense of separation between living and sleeping areas, but those accustomed to larger, open-concept layouts may find the main floor living space modest.
5. What does the "above average" year built ranking mean for maintenance?
Built in 1974, this home is newer than most on its street and in Buchanan. This can be an advantage, suggesting potentially updated core systems (like electrical or plumbing) compared to older neighbours, though a 50-year-old home will still require routine upkeep and eventual component replacements.
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