498 Flora Avenue

Dufferin, Winnipeg

Property score

49.0

Below average

Overall 49.0 · Compared with neighbourhood average

Located in a average-income area with median household income of ~50k

Transit 80.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 2 dining spots, 3 schools, 2 shops, and 1 park nearby

Living Area

No data

Compared with neighborhood avg.

Year Built

No data

Compared with neighborhood avg.

Mother tongue

English · 75%Tagalog · 7%

At the time of the last annual property tax assessment, this parcel was still vacant land, so we do not have related building information to show yet. A new home may exist by now—if you need accurate details, contact us using the option in the lower-right corner of the page and we will provide timely information.

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

Sold Count

160

Median price

168.5k

$/sqft

$100/sqft

Avg build year

1925

Need help understanding this property?

Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.

Usually replies in a few minutes

Property score

49.0 is composed by the two sections below.

Property Score

54.8Fair
Living Area50
Fair
Year Built50
Fair
Lot Size88
7,357 sqftExcellent
Neighbourhood Sales Activity32
Low

Community Score

40.3Low
Household Income56
Fair
Education Level10
Low
Housing Stress63
Fair
Core Housing Need25
Low
Employment Health15
Low

Neighbourhood Sales

Dufferin

How to read: Share of sales in each ~$50k price band for “dufferin” (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: #46110055

Community deep dive

$50K

Median household income

$68K

Average household income

26%

Low income (LIM-AT)

0.2

Income inequality (Gini)

3.5

P90 / P10 ratio

31%

Single-person households

10%

Families with children

Population, labour & age

Population (2021)494
Labour force participation rate40%
Median age33.2
Avg household size2.6
Unemployment rate24%
Population density851 / km²

Households & income

Low income (LIM-AT, % pop.)26%
Single-person households31%
Couple families with children10%
Median household income (2020)$50K

Housing

Renter households47%
Condominium dwellings0%
Median dwelling value (owners)$150K

Diversity, education & language

Immigrants (share of pop.)18%
Visible minority19%
Bachelor's or higher (25–64)9%
Mother tongue (1st)English · 74%
Mother tongue (2nd)Tagalog · 7%

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

Rankings

Living Area

Tax-Assessed Value

below average
50k
0255075100
Same streetBottom 2%Same areaBottom 1%CitywideBottom 1%
Same street · Flora Avenue
#205 / 209
Bottom 2% · Avg 133.6k
Same area · Dufferin
#467 / 474
Bottom 1% · Avg 145.1k
Citywide · Winnipeg
#194,444 / 194,458
Bottom 1% · Avg 390.1k

Year Built

Lot Size

above average
7,357 sqft
0255075100
Same streetTop 9%Same areaTop 8%CitywideTop 14%

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

498 Flora Avenue — 11 amenities found within 500 m, across 6 categories, including 2 dining (nearest 280 m), 3 education (nearest 157 m), 2 shopping (nearest 339 m).

Search radius
🍽️Dining2
🏫Education3
🛒Shopping2
🌳Parks1
Fuel Stations1
Worship2

Crime & Safety

Dufferin · WPS public data · 2026

Annual incidents

38

2026

vs. city avg

+29%

relative to avg

Year-over-year

-92%

vs. prior year

Primary type

Property

45%

Sales History

Sold 3/2018CA$100k–150k
Sold price

Same street

Bottom 41%

Same area

Bottom 38%

City-wide

Bottom 1%

Related homes

Highlights & common questions: 498 Flora Avenue, Winnipeg

Property Overview & Key Characteristics

This property at 498 Flora Avenue presents a distinct value proposition centered on its land. The standout feature is the 7,357 sqft lot, which is significantly larger than most in the Dufferin neighbourhood and on the street itself, placing it in the top 9% locally. This offers rare potential for expansion, gardening, or outdoor space in an inner-city area. The home itself, built in 1902, is a modest structure with a living area around 1,120 sqft and a notably low assessed value.

Its appeal lies in its foundational potential. It suits a specific buyer: an investor, builder, or hands-on homeowner looking for a land play or a complete renovation project. The price point, historically low, reflects the condition of the existing structure rather than the asset's underlying potential. It's less about moving in and more about what can be built or created, offering a blank canvas at a relatively accessible entry point for the area. A less obvious perspective is that such a large lot in an established neighbourhood provides a hedge against density, offering privacy and space that is increasingly scarce and cannot be replicated in newer subdivisions.

Frequently Asked Questions

1. Why is the assessed value so much lower than the city average?
The assessed value is primarily based on the existing structure and its condition. This valuation reflects the modest, older home currently on the lot, not the potential value of the large land parcel itself or any future improvements.

2. What can I do with such a large lot?
The lot size is the key feature. It provides ample space for a significant addition, a garden, recreational areas, or even future redevelopment (subject to zoning and city approvals). It offers a level of outdoor space uncommon for the neighbourhood.

3. What is the neighbourhood like?
The home is in the Dufferin area, a mature, inner-city Winnipeg neighbourhood with character homes and a mix of long-term residents. Buyers should explore the specific street and surrounding blocks to get a feel for the community and nearby amenities.

4. Is this a tear-down property?
Not necessarily. The existing 1902 home could be renovated or expanded upon, leveraging the large lot. However, the low assessment indicates the value is predominantly in the land, making it a candidate for redevelopment for those with the vision and budget.

5. How does the sale history inform the current price?
The property last sold in March 2018 for $11,700. This historical price, along with the current low assessed value, underscores that the market has consistently valued this as a land-value opportunity rather than a move-in-ready home.