40.4
Below average
Property score
40.4
Below average
Overall 40.4
Smaller and older than most nearby homes
687 sqft (bottom 1%)
Built in 1918 (22 yrs older than avg)
Located in a above-average income area
with median household income of ~81k
Transit 86.0
5-min walk to transit with 4 nearby routes
Within 500m: 11 dining spots, 3 schools, 4 shops, and 1 park nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
48% smaller than neighborhood avg.
Year Built
Below average
22 yrs older than neighborhood avg.
Mother tongue
English · 88%French · 3%
Past 10 years Bruce Park sales snapshot (~80% of all data)
193
190k
$201/sqft
1940
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40.4 is composed by the two sections below.
Property Score
Community Score
Bruce Park
How to read: Share of sales in each ~$50k price band for “bruce park” (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: #46110249
$81K
Median household income
$87K
Average household income
10%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.2
P90 / P10 ratio
30%
Single-person households
21%
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
149 Collegiate Street — 24 amenities found within 500 m, across 6 categories, including 11 dining (nearest 225 m), 3 education (nearest 220 m), 4 shopping (nearest 382 m).
Bruce Park · WPS public data · 2026
Annual incidents
4
2026
vs. city avg
-86%
relative to avg
Year-over-year
▼ -95%
vs. prior year
Primary type
Property
75%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 48% | Bottom 25% | Bottom 21% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 149 Collegiate Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1918 on a standard city lot in the Bruce Park neighbourhood. Its primary appeal lies in its position as an accessible entry point into the Winnipeg market, underscored by a recent sale price of $24,500 and a modest assessed value. The home is notably smaller (687 sq ft of living space) than most in both the immediate area and citywide, which is reflected in its pricing.
The property would suit a specific type of buyer: an investor looking for a straightforward rental property with minimal upfront capital, a hands-on individual seeking an affordable project home to renovate over time, or someone looking to own a land-lease property with very low property taxes. Its detached garage adds practical value. A less obvious perspective is that its smaller scale and lower costs could offer a lifestyle of simplicity and minimal financial pressure in a central location, which can be a deliberate and appealing choice rather than just a compromise.
Frequently Asked Questions
1. Is this a tear-down property?
While the home is small and over a century old, it was recently sold and is likely habitable. Its value is significantly land-based, but it may serve as a liveable holding property until redevelopment is desired.
2. Why is the assessed value so much lower than the average Winnipeg home?
The assessed value is based on the property's characteristics—its very small size, age, and modest condition—relative to the broader market. It is in line with values for similar compact, older homes.
3. What does the "Top X%" ranking mean for the sale price?
The sale price ranked in the 58th percentile on its own street, meaning it was priced higher than 58% of comparable sales on Collegiate Street. This indicates it was priced appropriately for its specific micro-market, even though it is below average for the wider neighbourhood and city.
4. What are the advantages of such a small living area?
The small footprint translates to very low utility costs, minimal maintenance, and encourages an efficient, clutter-free lifestyle. It can be an ideal starter home or a low-overhead investment property.
5. Is the neighbourhood trending?
Bruce Park shows a mix of older, modest homes and newer developments. This property's below-average metrics for the neighbourhood suggest it is among the more affordable options in the area, which can be attractive for future infill potential as the area gradually evolves.
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