Property Overview: 42 Russenholt Street, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Buchanan presents a solid, move-in-ready opportunity. Its key features include a renovated basement, a detached garage, and a generous 4,998 sqft lot. Built in 1973, the house is notably newer than many in its immediate area and offers above-average living space for the neighbourhood at 1,374 sqft.
The primary appeal lies in its balanced and established nature. The home isn't an outlier in any single category but performs consistently well across the board, particularly within its local context. It sits on a street of similar-era homes, in a neighbourhood where it ranks well for both size and age. The recent sale price of $360k aligns with its assessed value, suggesting a transparent and stable market valuation. This property would suit practical buyers looking for a comfortable, low-drama home in a mature area—think first-time homeowners, small families, or downsizers seeking single-level living without a premium price tag. It’s a home that offers more space and newer construction than many of its direct neighbours, providing a subtle edge in an otherwise typical setting.
Section 2: Frequently Asked Questions
1. How does the lot size compare?
At just under 5,000 sqft, the lot is around the average size for Russenholt Street and slightly below the average for the wider Buchanan area. It provides ample outdoor space for a garden or recreation without the extensive maintenance of a much larger yard.
2. Is the house notably old or new for the area?
Quite the opposite. With a 1973 build year, this home is among the newest on its street (ranking in the top 4%) and is above average for the Buchanan neighbourhood. This can be an advantage for systems, layout, and potential renovation costs.
3. What does the "above average" living area mean for the neighbourhood?
The living area of 1,374 sqft is in the top 10% for Buchanan, meaning it offers more interior space than most comparable homes in the immediate area. This is a significant point of value for the property.
4. How does the recent sale price relate to its assessed value?
The home sold for $360,000 in January 2024, which is very close to its $350,000 assessed value. This close alignment indicates the sale was in line with the city’s valuation and recent market conditions, with no major premium or discount.
5. What is the context for the $360k sale price citywide?
For the entire city of Winnipeg, this sale price falls almost exactly at the median (top 50%). This positions the home as a mid-range property city-wide, but one that offers above-average characteristics within its more specific local market of Buchanan.