Property score
45.5
Below average
Overall 45.5 · Smaller and older than most nearby homes
572 sqft (bottom 1%) · Built in 1946 (25 yrs older than avg)
Located in a high-income area with median household income of ~100k
Transit 70.0 · 5-min walk to transit with 3 nearby routes · Within 500m: 1 school, 3 parks, and 1 bank/ATM nearby
Living Area
Below average
48% smaller than neighborhood avg.
Year Built
Below average
25 yrs older than neighborhood avg.
Mother tongue
English · 89%French · 3%
Past 10 years Buchanan sales snapshot (~80% of all data)
257
361k
$351/sqft
1971
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45.5 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: #46110306
$100K
Median household income
$104K
Average household income
0.2
Income inequality (Gini)
2.5
P90 / P10 ratio
14%
Single-person households
28%
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
970 Isbister Street — 5 amenities found within 500 m, across 3 categories, including 1 education (nearest 256 m), 3 parks (nearest 171 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 4% | Bottom 5% | Bottom 13% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This one-and-a-half storey home, built in 1946, presents a unique proposition centered on its land. Situated on a large 7,918 sqft lot in Buchanan, the property offers significant space and potential, while the home itself is modest in size at 572 sqft of living area with an unrenovated basement.
Key Characteristics & Appeal
The primary appeal of this property is its substantial lot, which ranks in the top 5% for size on its street. This generous outdoor space is a rare find, especially for a home with a very low assessed value. The appeal lies squarely in opportunity: it is a land play with an existing structure. The home itself is small, dated, and requires updating, making it unsuitable for those seeking a move-in ready or spacious interior.
This property would best suit a specific type of buyer: an investor, builder, or hands-on purchaser looking for a long-term hold or redevelopment project. It’s ideal for someone who values land value over current living conditions and has the vision, capacity, and budget to either extensively renovate the existing footprint or eventually redevelop the site. Its low tax assessment based on current state is a notable financial consideration for such a buyer.
Frequently Asked Questions
1. Why is the assessed value so much lower than the last sale price?
The assessed value is based on the property’s condition and metrics as of a specific date for municipal tax purposes. The 2021 sale price reflects the market value at that time, which likely accounted for the future potential of the large lot, not just the current state of the small home.
2. Is this a teardown property?
Not necessarily. While the large lot offers redevelopment potential, the existing home could be expanded or renovated. A buyer should consult with the city on zoning and bylaw requirements (like heritage designations, if any) to understand all options before making plans.
3. What are the major costs to consider beyond the purchase price?
Prospective buyers should budget for immediate updates to meet basic living standards, potential foundation or structural work common in older homes, and a full modernization of mechanical systems. The unrenovated basement also presents both a cost and an opportunity.
4. How does the small living area impact financing and insurance?
Lenders and insurers may view the small square footage and age of the home as increased risk, which could affect mortgage approval terms and insurance premiums. It’s advisable to have these conversations with providers early in the process.
5. What is the realistic best use for this property?
The best use balances the owner’s goals with practical constraints. For some, it’s a starter home with a huge yard, accepting the need for gradual renovation. For others, it’s a strategic land purchase, holding the property until the right time to build a new, larger home that maximizes the desirable lot size.
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