Property score
47.3
Below average
Overall 47.3 · Smaller but newer than most nearby homes
735 sqft (bottom 28%) · Built in 1948 (2 yrs newer than avg)
Located in a above-average income area with median household income of ~77k
Transit 80.0 · 5-min walk to transit with 3 nearby routes · Within 500m: 1 dining spot, 1 school, 3 parks, and 1 place of worship nearby
Living Area
Below average
18% smaller than neighborhood avg.
Year Built
Above average
2 yrs newer than neighborhood avg.
Mother tongue
English · 72%French · 12%
Past 10 years Archwood sales snapshot (~80% of all data)
153
240k
$333/sqft
1946
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47.3 is composed by the two sections below.
Property Score
Community Score
Archwood
How to read: Share of sales in each ~$50k price band for “archwood” (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: #46110538
$77K
Median household income
$82K
Average household income
15%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.4
P90 / P10 ratio
29%
Single-person households
19%
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
555 Gareau Street — 6 amenities found within 500 m, across 4 categories, including 1 dining (nearest 469 m), 1 education (nearest 365 m), 3 parks (nearest 229 m).
Archwood · WPS public data · 2026
Annual incidents
4
2026
vs. city avg
-86%
relative to avg
Year-over-year
▼ -91%
vs. prior year
Primary type
Property
50%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 50% | Top 35% | Bottom 28% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 555 Gareau Street, Archwood, Winnipeg
Key Characteristics & Buyer Appeal
This well-situated one-storey home in Archwood presents a solid opportunity on a large, mature lot. Its key appeal lies in the combination of a generous 4,355 sqft property—ranking in the top tier for size on its street—and a recently renovated basement, offering immediate livable space and potential. Built in 1948, the house itself is of a modest 735 sqft, suggesting a cozy, efficient footprint or a prime candidate for a future main-floor expansion, given the ample land.
The property’s strength is its established location. It sits on a street where homes generally rank highly for lot size and newer construction, indicating a desirable and stable block. While the living area is compact, the renovated basement adds functional space, making it suitable for a first-time buyer, a downsizer, or an investor seeking a property with "good bones" and land value. The assessed value aligns with the neighbourhood median, suggesting a fairly priced entry into an area with above-average lot characteristics. It’s a home that offers more outside than inside, appealing to those who value outdoor space and future potential over immediate square footage.
Frequently Asked Questions
1. Is the house suitable for a growing family?
The current living space is compact at 735 sqft, which may be tight for a growing family. However, the large lot and renovated basement provide crucial extra space for play and living, and the property has clear potential for an addition if needed.
2. How does the lot size compare to others?
The lot is a significant feature, at 4,355 sqft. It ranks in the top 5% for size on Gareau Street and the top 20% in the wider Archwood neighbourhood, offering much more outdoor space than many typical city lots.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This would be a key point to clarify with the seller or agent to understand if it’s a finished living space, a rental suite, or updated utility and storage areas.
4. The home sold in 2021 for $26.80k. Why is the assessed value now $270k?
The 2021 sale price appears to be an anomaly, potentially reflecting a non-arms-length transaction or a sale of a partial interest. The current assessed value of $270k is in line with similar area properties and is the relevant figure for market valuation and municipal taxes.
5. What is the neighbourhood like for amenities and convenience?
Archwood is a mature neighbourhood in Winnipeg. The high ranking of the street for lot size and newer homes suggests a well-kept area. Proximity to schools, parks, and shopping would require further local research, but the data indicates a solid, established community.
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