Property score
53.2
Fair
Overall 53.2 · Smaller and older than most nearby homes
768 sqft (bottom 2%) · Built in 1955 (16 yrs older than avg)
Located in a high-income area with median household income of ~88k
Transit 94.0 · 1-min walk to transit with 4 nearby routes · Within 500m: 8 dining spots, 2 schools, 1 healthcare facility, and 5 shops nearby
Living Area
Below average
30% smaller than neighborhood avg.
Year Built
Below average
16 yrs older than neighborhood avg.
Mother tongue
English · 83%Tagalog · 3%
Past 10 years Buchanan sales snapshot (~80% of all data)
257
361k
$351/sqft
1971
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53.2 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: #46110309
$88K
Median household income
$90K
Average household income
13%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.2
P90 / P10 ratio
15%
Single-person households
34%
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
718 Buchanan Boulevard — 26 amenities found within 500 m, across 8 categories, including 8 dining (nearest 307 m), 2 education (nearest 267 m), 1 healthcare (nearest 269 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 13% | Bottom 7% | Bottom 14% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This property at 718 Buchanan Boulevard is defined by its significant land size and modest improvements. Its primary appeal lies in the rare opportunity to own a large, approximately 9,075 sqft lot in Winnipeg, which ranks within the top 1% for land area on its own boulevard. The home itself is a compact, one-storey bungalow built in 1955 with 768 sqft of living space and an attached garage. The assessed value is notably low relative to city averages, reflecting the older home's condition and size.
This listing is best suited for specific buyers: those looking for a land value play, whether for future redevelopment, building a new home, or simply desiring extensive outdoor space. It also appeals to investors or handy buyers seeking an affordable entry into the market who are prepared for updates or a potential rebuild. The low living area and older year make it less suitable for those seeking a move-in ready, spacious family home without renovation plans.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessment is based heavily on the existing structure—a smaller, older home. The value is primarily in the land, not the current improvements, which keeps the official assessment low.
2. What does "Top 1% for land area" on the boulevard actually mean?
It means this property has more land than 99% of comparable homes on Buchanan Boulevard. This is its standout feature, offering potential for expansion, gardening, or future development that most nearby lots cannot accommodate.
3. Is this a teardown property?
While not explicitly stated, the data suggests it. The combination of a very large lot, a small 71-year-old home, and a low assessment often indicates buyers are primarily acquiring the land, with the existing house holding minimal value.
4. What are the less obvious considerations for a property like this?
Consider the cost of eventual demolition or major renovation, which can be significant. Also, research the neighbourhood's zoning bylaws to understand exactly what you could build on this large lot, as rules may have changed since 1955.
5. How recent is the sale price shown, and is it relevant?
The property sold in March 2022 for $21,600. While it shows a historical transaction, it's not the current asking price. It does, however, reinforce the pattern of the property trading based on its land value rather than as a conventional home.
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