Property Overview
This well-situated one-storey home on a standard-sized lot in Buchanan presents a compelling opportunity. Built in 1973, it stands out on its street as one of the newest properties. Its appeal lies in its above-average living space for the immediate area and a recently renovated basement, adding valuable finished square footage. The home suits practical buyers looking for a solid, move-in-ready foundation in a mature neighbourhood. It’s particularly attractive to first-time homeowners or downsizers seeking a manageable single-level layout without a premium price tag, as evidenced by its strong assessed value ranking locally. A thoughtful perspective is that this property represents a "value-consistent" choice—it doesn’t have extreme highs or lows in its metrics but shows steady, above-average performance within its core community, suggesting a stable investment in a known quantity.
Frequently Asked Questions
1. How does the lot size compare?
At just over 5,100 square feet, the lot is very typical for Russenholt Street and the broader Buchanan area, offering standard outdoor space for gardening or recreation without excessive maintenance.
2. What does the "Elite" ranking for Year Built mean?
This indicates 19 Russenholt is among the newest homes on its street (top 4%). For a 1970s-built neighbourhood, this is a relative advantage, potentially meaning less immediate concern for major age-related replacements compared to older neighbours.
3. Is the living space sufficient for a family?
With 1,262 sqft above grade plus a renovated basement, the total living area is quite generous for the local market. It ranks well above average for both the street and Buchanan, offering more interior space than many comparable homes nearby.
4. Why is the assessed value significantly lower than the city-wide average?
The city-wide average includes all property types and values across Winnipeg. This home’s assessment is strong compared to its direct peers in Buchanan (top 11%) and elite on its street (top 4%), reflecting its relative value within its specific, more affordable neighbourhood context.
5. What can the 2021 sale price tell us?
The prior sale at $43,100, close to the current assessed value, suggests a stable and transparent valuation history. It indicates the market has recognized its worth consistently, without volatile price swings.