565 Municipal Road

Betsworth, Winnipeg

Property score

77.9

Good

Overall 77.9 · Compared with neighbourhood average

1,337 sqft (top 50%) · Built in 1974 (4 yrs older than avg)

Located in a high-income area with median household income of ~119k

Transit 68.0 · 4-min walk to transit with 2 nearby routes · Within 500m: 6 parks nearby

Living Area

Near average

8% smaller than neighborhood avg.

Year Built

Below average

4 yrs older than neighborhood avg.

Mother tongue

English · 75%Tagalog · 4%

Past 10 years Betsworth sales snapshot (~80% of all data)

Sold Count

460

Median price

480k

$/sqft

$347/sqft

Avg build year

1978

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Property score

77.9 is composed by the two sections below.

Property Score

70.0Good
Living Area1,337 sqft71Good
Year Built197458Fair
Lot Size8,955 sqft93Excellent
Neighbourhood Sales Activity37Low

Community Score

89.7Excellent
Household Income90Excellent
Education Level82Excellent
Housing Stress100Excellent
Core Housing Need100Excellent
Employment Health83Excellent

Neighbourhood Sales

Betsworth

How to read: Share of sales in each ~$50k price band for “betsworth” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111072

Community deep dive

$119K

Median household income

$135K

Average household income

6%

Low income (LIM-AT)

0.2

Income inequality (Gini)

2.9

P90 / P10 ratio

12%

Single-person households

41%

Families with children

Population, labour & age

Population (2021)530
Labour force participation rate65%
Median age47.6
Avg household size2.7
Unemployment rate0%
Population density2650 / km²

Households & income

Low income (LIM-AT, % pop.)6%
Single-person households12%
Couple families with children41%
Median household income (2020)$119K

Housing

Renter households0%
Condominium dwellings0%
Median dwelling value (owners)$440K

Diversity, education & language

Immigrants (share of pop.)20%
Visible minority9%
Bachelor's or higher (25–64)42%
Mother tongue (1st)English · 75%
Mother tongue (2nd)Tagalog · 3%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

around average
1,337 sqft
0255075100
Same streetTop 38%Same areaTop 50%CitywideTop 39%
Same street · Municipal Road
#40 / 105
Top 38% · Avg 1,338 sqft
Same area · Betsworth
#749 / 1,485
Top 50% · Avg 1,455 sqft
Citywide · Winnipeg
#76,362 / 194,458
Top 39% · Avg 1,342 sqft

Tax-Assessed Value

above average
481k
0255075100
Same streetTop 16%Same areaTop 32%CitywideTop 23%
Same street · Municipal Road
#17 / 105
Top 16% · Avg 418.2k
Same area · Betsworth
#473 / 1,485
Top 32% · Avg 458k
Citywide · Winnipeg
#44,683 / 194,458
Top 23% · Avg 390.1k

Year Built

above average
1974
0255075100
Same streetTop 16%Same areaBottom 37%CitywideTop 42%

Lot Size

above average
8,955 sqft
0255075100
Same streetBottom 18%Same areaTop 31%CitywideTop 9%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

565 Municipal Road — 6 amenities found within 500 m, across 1 categories, including 6 parks (nearest 225 m).

Search radius
🌳Parks6

Crime & Safety

Betsworth · WPS public data · 2026

Annual incidents

1

2026

vs. city avg

-97%

relative to avg

Year-over-year

-97%

vs. prior year

Primary type

Property

100%

Sales History

Sold 6/2023CA$550k–600k
Sold price

Same street

Top 11%

Same area

Top 15%

City-wide

Top 10%

Related homes

Highlights & common questions: 565 Municipal Road, Winnipeg

Property Overview: 565 Municipal Road, Winnipeg

Key Characteristics & Appeal

This well-established bungalow sits on a large, nearly 9,000 sqft lot in the Betsworth area. Built in 1974, the home offers 1,337 sqft of living space, a finished basement, and an attached garage. Its standout feature is the exceptional lot size, which ranks in the top 9% of all properties in Winnipeg, offering significant space and privacy that is increasingly rare.

The appeal lies in its proven value and generous outdoor space. A 2023 sale at $568,000, well above the current assessed value, suggests strong market confidence and potential. The home suits practical buyers looking for a solid, single-level layout with room to grow outdoors. It's ideal for those who value a large yard for gardening, recreation, or future expansion over a brand-new build. The rankings indicate a property that is more spacious and valuable than most in the city, yet typical for its own neighborhood—offering a balanced entry into a mature community without the premium of a trendy locale.

Frequently Asked Questions

1. What does the "ranking" data actually mean?
The rankings compare this property against others on its street, in Betsworth, and across all of Winnipeg. For example, being in the "top 9%" for lot size city-wide highlights its most distinctive asset: an unusually large yard.

2. Why was the 2023 sale price higher than the current assessment?
Municipal assessments for taxation often lag behind current market values. The recent sale price is a stronger indicator of what buyers were recently willing to pay, reflecting market conditions at that time.

3. Is the finished basement included in the 1,337 sqft living area?
Typically, municipal living area (sqft) refers to above-ground space. The finished basement is an additional bonus area, adding functional space like a family room or extra bedrooms.

4. What are the implications of a 52-year-old home?
It offers mature landscaping and established neighborhoods. Buyers should budget for updates to aging components like roofing, windows, or mechanical systems, which is common for homes of this era.

5. Who would this property not suit?
It may not fit buyers seeking a modern, open-concept layout or who prefer a low-maintenance property. The size and age suggest a buyer comfortable with some upkeep and potential renovations to personalize the space.

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