Property score
62.3
Fair
Overall 62.3 · Smaller and older than most nearby homes
936 sqft (bottom 5%) · Built in 1959 (3 yrs older than avg)
Located in a high-income area with median household income of ~102k
Transit 92.0 · 5-min walk to transit with 6 nearby routes · Within 500m: 5 dining spots, 1 school, 1 shop, and 2 parks nearby
Living Area
Below average
34% smaller than neighborhood avg.
Year Built
Below average
3 yrs older than neighborhood avg.
Mother tongue
English · 82%Chinese · 2%
Past 10 years Booth sales snapshot (~80% of all data)
358
427.6k
$303/sqft
1962
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62.3 is composed by the two sections below.
Property Score
Community Score
Booth
How to read: Share of sales in each ~$50k price band for “booth” (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: #46110276
$102K
Median household income
$95K
Average household income
4%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.5
P90 / P10 ratio
18%
Single-person households
27%
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
489 Lodge Avenue — 11 amenities found within 500 m, across 5 categories, including 5 dining (nearest 405 m), 1 education (nearest 150 m), 1 shopping (nearest 427 m).
Booth · WPS public data · 2026
Annual incidents
26
2026
vs. city avg
-12%
relative to avg
Year-over-year
▼ -93%
vs. prior year
Primary type
Property
58%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 19% | Bottom 14% | Bottom 29% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 489 Lodge Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in the Booth neighbourhood presents a compelling blend of space, value, and established charm. Its primary appeal lies in its generous 6,911 sqft lot, which places it in the top 15% for lot size on its street, offering significant outdoor space uncommon in many urban settings. The home itself features a renovated basement, adding valuable finished living space to the 936 sqft main floor. A detached garage provides practical storage or workshop potential.
The property’s data suggests a "sweat equity" or value-hold proposition. While the living area is modest, the large lot and recent basement renovation provide a solid foundation. It suits a first-time buyer looking for a manageable home with clear expansion potential, or a practical investor attracted by the below-average assessed value relative to its last sold price, indicating room for equity growth. Its rankings show a property that outperforms most of Winnipeg in lot size, yet is priced within a more accessible tier, offering a strategic entry point into a mature neighbourhood.
Section 2: Frequently Asked Questions
1. What is the true condition of the "renovated basement"?
The listing confirms the basement is renovated, but specifics on finish quality, permits, and moisture control are essential to request. Given the home's age (built 1959), understanding the scope and recency of this renovation is a key due diligence step.
2. How does the low assessed value impact property taxes?
With an assessed value significantly lower than the last sold price, property taxes may currently be relatively manageable. Prospective buyers should inquire about potential tax reassessment upon purchase, which could lead to an increase.
3. Is the large lot a development opportunity?
The lot is notably large for the area. Buyers should verify all zoning bylaws with the City of Winnipeg to understand if the lot could be subdivided or if a secondary suite is permissible, as this could influence its long-term value.
4. How does the 1959 build year affect maintenance?
While the basement has been updated, the core structure, plumbing, electrical, and roof are of an age where major systems may need inspection or foreseeable replacement. A thorough pre-purchase inspection is highly advised.
5. Why is there a notable gap between the last sold price (2016) and the current assessed value?
This discrepancy can be common and may reflect conservative municipal assessment models, not necessarily current market value. It underscores the importance of using recent comparable sales, like the provided neighbourhood references, to gauge the true market price.
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