503 Cherrier Street

Dufresne, Winnipeg

Property score

37.4

Below average

Overall 37.4 · Smaller than most nearby homes

680 sqft (bottom 11%) · Built in 1922 (13 yrs older than avg)

Located in a average-income area with median household income of ~59.6k

Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 4 dining spots, 2 parks, 1 sports facility, and 2 place of worships nearby

Living Area

Below average

34% smaller than neighborhood avg.

Year Built

Below average

13 yrs older than neighborhood avg.

Mother tongue

English · 61%French · 18%

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

Sold Count

52

Median price

255.5k

$/sqft

$197/sqft

Avg build year

1935

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

37.4 is composed by the two sections below.

Property Score

21.8Low
Living Area15
680 sqftLow
Year Built20
1922Low
Lot Size38
3,424 sqftLow
Neighbourhood Sales Activity61
Fair

Community Score

60.9Fair
Household Income62
Fair
Education Level54
Fair
Housing Stress63
Fair
Core Housing Need76
Good
Employment Health52
Fair

Neighbourhood Sales

Dufresne

How to read: Share of sales in each ~$50k price band for “dufresne” (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: #46110813

Community deep dive

$60K

Median household income

$74K

Average household income

16%

Low income (LIM-AT)

0.2

Income inequality (Gini)

3.2

P90 / P10 ratio

47%

Single-person households

12%

Families with children

Population, labour & age

Population (2021)535
Labour force participation rate61%
Median age44.0
Avg household size1.9
Unemployment rate14%
Population density2431 / km²

Households & income

Low income (LIM-AT, % pop.)16%
Single-person households47%
Couple families with children12%
Median household income (2020)$60K

Housing

Renter households60%
Condominium dwellings6%
Median dwelling value (owners)$296K

Diversity, education & language

Immigrants (share of pop.)17%
Visible minority18%
Bachelor's or higher (25–64)27%
Mother tongue (1st)English · 60%
Mother tongue (2nd)French · 17%

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

Rankings

Living Area

below average
680 sqft
0255075100
Same streetBottom 6%Same areaBottom 11%CitywideBottom 3%
Same street · Cherrier Street
#32 / 34
Bottom 6% · Avg 1,081 sqft
Same area · Dufresne
#138 / 155
Bottom 11% · Avg 1,031 sqft
Citywide · Winnipeg
#188,697 / 194,458
Bottom 3% · Avg 1,342 sqft

Tax-Assessed Value

around average
225k
0255075100
Same streetBottom 47%Same areaBottom 37%CitywideBottom 12%
Same street · Cherrier Street
#18 / 34
Bottom 47% · Avg 250.8k
Same area · Dufresne
#97 / 155
Bottom 37% · Avg 253k
Citywide · Winnipeg
#170,848 / 194,458
Bottom 12% · Avg 390.1k

Year Built

around average
1922
0255075100
Same streetTop 50%Same areaBottom 37%CitywideBottom 14%

Lot Size

around average
3,424 sqft
0255075100
Same streetTop 41%Same areaBottom 43%CitywideBottom 18%

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

503 Cherrier Street — 9 amenities found within 500 m, across 4 categories, including 4 dining (nearest 423 m), 2 parks (nearest 255 m).

Search radius
🍽️Dining4
🌳Parks2
💪Sports1
Worship2

Crime & Safety

Dufresne · WPS public data · 2026

Annual incidents

2

2026

vs. city avg

-93%

relative to avg

Year-over-year

-92%

vs. prior year

Primary type

Property

50%

Sales History

Sold 8/2020CA$150k–200k
Sold price

Same street

Bottom 1%

Same area

Bottom 1%

City-wide

Bottom 4%

Related homes

Highlights & common questions: 503 Cherrier Street, Winnipeg

Property Overview

This is a compact, one-storey home on a standard city lot in Winnipeg's Dufresne neighborhood. Built in 1922, its key characteristic is its modest 680 sqft living area, which is notably smaller than most homes in the city, neighborhood, and even on its own street. It features a detached garage and an unrenovated basement. The home’s appeal lies in its affordability and simplicity, presenting a clear value proposition for a specific buyer. It suits a first-time homebuyer, an investor, or someone looking to downsize who prioritizes low carrying costs and land ownership over interior space. Its assessed value is very modest compared to the citywide average, suggesting a lower property tax burden. A thoughtful perspective is that this property represents a true "blank canvas" opportunity; its value is primarily in the land and the structure's potential, not in finished living space. It’s for a buyer comfortable with a project, whether that's a careful cosmetic refresh or planning a future expansion.

Frequently Asked Questions

1. Is the house livable in its current state?
While livable, the listing notes the basement is unrenovated. Buyers should budget for any desired updates to main-floor systems or aesthetics and consider the basement as purely functional or future project space.

2. Why is the assessed value so much lower than the last sale price?
The assessed value ($22.5k) is for municipal tax purposes and is often significantly lower than market value. The 2020 sale price of $150k is a better indicator of its market value, though conditions may have changed since then.

3. What are the possibilities for expanding the living space?
The 3,424 sqft lot provides a standard city footprint. Given the home's small size, there may be potential for a lateral addition or a second-storey expansion, subject to local zoning bylaws and building codes.

4. Who would this property not suit?
It would not suit a buyer needing multiple bedrooms, dedicated home office space, or who prefers a move-in ready home with modern, open-concept layouts. The limited square footage requires efficient use of space.

5. How does its size compare to nearby homes?
The data shows it is smaller than 94% of homes on its own street and 97% of homes citywide. This means you are buying one of the most compact houses in the area, which explains its accessible price point but also limits resale to a similar niche market.