Property Overview: 43 Russenholt Street, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 43 Russenholt Street in the Buchanan neighbourhood presents a solid, updated offering. Its key characteristics include a renovated basement, a detached garage, and a notably large lot of over 5,600 sqft, which ranks well above average for its immediate street. Built in 1973, the home is newer than most in the area, a less obvious advantage that can mean fewer concerns with aging core components. With just over 1,150 sqft of living space, the floor plan is practical for its era.
The appeal lies in its established, quiet setting combined with move-in-ready updates. The renovated basement adds valuable flexible space, while the generous lot offers room for gardening, play, or future expansion. The home suits first-time buyers looking for a manageable property with outdoor space, or downsizers seeking a single-level living layout (with the basement providing extra room for guests or hobbies) without a cramped yard. It’s a property for those who value a sense of space and a newer build date within a mature neighbourhood, rather than maximum square footage.
Section 2: Frequently Asked Questions
1. How does the lot size compare to others?
The land area of 5,686 sqft is significantly larger than most on Russenholt Street itself (ranking in the top 14%), and is competitive within the broader Buchanan neighbourhood. It offers more outdoor space than many comparable properties.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or rooms. This is a key detail to request from the selling agent to understand the quality and layout of the additional living space.
3. Is the assessed value a good indicator of the sale price?
Not directly. The municipal assessed value for taxation purposes is $37,300, but the home last sold in May 2021 for $380,000. Market conditions, updates, and demand determine the sale price, not the assessment.
4. How does the age of this home compare?
Built in 1973, this home is newer than the majority on its street and in the Buchanan area. This can be a practical advantage, potentially meaning updated electrical, plumbing, or insulation standards compared to much older homes.
5. What is the bi-level layout like?
A bi-level typically features a short flight of stairs to the main living area (kitchen, living room, bedrooms) and another short flight down to a lower level. This design often creates a clear separation between living and utility/recreation spaces, and usually allows for good natural light in the lower level.