Property Overview & Key Characteristics
This well-situated one-storey home at 30 Russenholt Street in Winnipeg's Buchanan neighbourhood presents a practical and value-conscious opportunity. Its key appeal lies in a balance of space, recent updates, and a land size that offers flexibility relative to the area.
The home sits on a just-under-5,000 sqft lot, which is very typical for the immediate street but offers more breathing room than many lots in the wider Buchanan area. Built in 1973, it is actually among the newer homes on its street. The 1,262 sqft living area is notably above average for both the street and the neighbourhood, suggesting a comfortable interior footprint. A significant feature is the renovated basement, adding valuable finished space. The property includes a detached garage.
Its strongest suit is for the pragmatic buyer: a first-time homeowner, an investor, or someone looking to downsize without sacrificing interior room. It’s a home that offers modern livability (thanks to the renovated basement) in a mature, established setting. A thoughtful perspective is that while the home’s assessed value is unassuming, its recent sale price suggests it is seen as a solid value proposition in its peer group, potentially indicating a well-maintained property or desirable location factors not fully captured by the assessment.
Frequently Asked Questions
1. How does the lot size compare to others?
At 4,998 sqft, the lot is very average for Russenholt Street itself but ranks in the top 21% for size within the larger Buchanan neighbourhood, meaning it's more spacious than many nearby properties.
2. The home was built in 1973. Is that old for the area?
Quite the opposite. For Russenholt Street, a 1973 build date makes it one of the newest homes, ranking in the top 4%. It is also newer than the average home in both Buchanan and Winnipeg overall.
3. What does the sale history indicate?
The property sold very recently, in December 2024, for $42,500. Prior to that, it sold in March 2020 for $320,000. The most recent sale price is close to the home's assessed value, which can be typical for a value-focused purchase or may relate to specific transaction conditions.
4. Is the living space large for a one-storey home?
Yes. With 1,262 sqft of living area, it ranks above average for both the street (top 14%) and the Buchanan neighbourhood (top 15%), offering more interior space than many comparable homes.
5. What type of buyer would this home suit best?
This property is a strong match for a value-oriented buyer seeking move-in readiness with the renovated basement. It would suit a first-time buyer, a downsizer looking for single-level living without being cramped, or an investor seeking a property with a stable assessment and recent updates.