65.5
Good
Property score
65.5
Good
Overall 65.5
Older than most nearby homes
1,104 sqft (top 36%)
Built in 1963 (8 yrs older than avg)
Located in a high-income area
with median household income of ~88k
Transit 80.0
2-min walk to transit with 3 nearby routes
Within 500m: 1 dining spot, 3 schools, 2 shops, and 4 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
1% larger than neighborhood avg.
Year Built
Below average
8 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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65.5 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
785 Stewart Street — 11 amenities found within 500 m, across 5 categories, including 1 dining (nearest 489 m), 3 education (nearest 144 m), 2 shopping (nearest 332 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 11% | Top 10% | Top 34% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 42% | Bottom 40% | Bottom 32% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 785 Stewart Street, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Buchanan presents a compelling opportunity centered on its generous lot and strong value proposition. Built in 1963, the home features a renovated basement and a detached garage. Its primary appeal lies in the above-average 5,154 sqft lot, which ranks within the top 30% for Stewart Street, offering ample outdoor space and potential in a neighbourhood where lots are typically smaller. With a living area of 1,104 sqft, the interior space is efficient and competitive for the immediate area.
The standout characteristic is its assessed value, which ranks in the elite top 3% on its street and above average for Buchanan. This suggests the property is viewed as a strong asset relative to its local peers. Recent sale history shows a significant price correction, with the last sale in late 2020 at $39.9k far below a previous sale of $280k earlier that same year, indicating a potentially unique purchasing scenario.
This property would suit a value-conscious buyer looking for a home with a premium-sized lot in Buchanan, or an investor/renovator who sees potential in the established neighbourhood footprint and the already-renovated basement. It’s a pragmatic choice for someone prioritizing land and assessed value metrics over a newer or larger house.
Section 2: Frequently Asked Questions
1. Why is there such a large difference between the two 2020 sale prices?
This significant discrepancy is notable and would be a key point for due diligence. It often indicates a change in property condition, a non-arms-length transaction, or a data entry correction. Consulting with a real estate professional to understand the specific circumstances behind these records is essential.
2. How does the renovated basement add value?
A renovated basement immediately adds functional living space without the need for initial investment. It can serve as a family room, home office, or separate suite, making the home more versatile and livable from day one.
3. What are the implications of the lot size being "above average" for the street?
It means more private outdoor space, greater potential for additions, landscaping, or gardening, and a generally less crowded feel than neighbouring properties. In established neighbourhoods, a larger lot is a permanent and desirable feature that can contribute to long-term value.
4. The home is older; what should I consider?
Built in 1963, the core systems (roof, plumbing, electrical, foundation) should be carefully inspected. Their condition and any updates will be more impactful than the age itself. An older home on a desirable lot often represents the chance to customize interiors over time.
5. What does the "elite" assessed value ranking practically mean?
It indicates that the municipal property assessment—used for calculating taxes—is very high compared to direct neighbours. This can reflect the property’s perceived market value by the assessor but also means property taxes may be proportionately higher than on nearby homes with a lower assessment.
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