2-540 Jessie Avenue

Earl Grey, Winnipeg

Property score

65.0

Good

Overall 65.0 · Larger and newer than most nearby homes

910 sqft (top 25%) · Built in 2014 (40 yrs newer than avg)

Located in a above-average income area with median household income of ~66k

Transit 100.0 · 2-min walk to transit with 5 nearby routes · Within 500m: 26 dining spots, 1 school, 1 healthcare facility, and 4 parks nearby

Living Area

Above average

16% larger than neighborhood avg.

Year Built

Above average

40 yrs newer than neighborhood avg.

Mother tongue

English · 79%French · 4%

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

Sold Count

78

Median price

135k

$/sqft

$237/sqft

Avg build year

1974

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Property score

65.0 is composed by the two sections below.

Property Score

59.1Fair
Living Area910 sqft42Low
Year Built201494Excellent
Neighbourhood Sales Activity71Good

Community Score

73.8Good
Household Income68Good
Education Level82Excellent
Housing Stress63Fair
Core Housing Need88Excellent
Employment Health83Excellent

Neighbourhood Sales

Earl Grey

How to read: Share of sales in each ~$50k price band for “earl grey” (Condos, 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: #46110414

Community deep dive

$66K

Median household income

$84K

Average household income

14%

Low income (LIM-AT)

0.3

Income inequality (Gini)

4.0

P90 / P10 ratio

39%

Single-person households

8%

Families with children

Population, labour & age

Population (2021)554
Labour force participation rate77%
Median age33.6
Avg household size1.9
Unemployment rate8%
Population density6155 / km²

Households & income

Low income (LIM-AT, % pop.)14%
Single-person households39%
Couple families with children8%
Median household income (2020)$66K

Housing

Renter households61%
Condominium dwellings8%
Median dwelling value (owners)$340K

Diversity, education & language

Immigrants (share of pop.)11%
Visible minority21%
Bachelor's or higher (25–64)44%
Mother tongue (1st)English · 79%
Mother tongue (2nd)French · 3%

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

Rankings

Living Area

above average
910 sqft
0255075100
Same streetBottom 1%Same areaTop 25%CitywideBottom 40%
Same street · Jessie Avenue
#22 / 22
Bottom 1% · Avg 1,217 sqft
Same area · Earl Grey
#31 / 125
Top 25% · Avg 787 sqft
Citywide · Winnipeg
#15,982 / 26,841
Bottom 40% · Avg 1,042 sqft

Tax-Assessed Value

above average
227k
0255075100
Same streetBottom 1%Same areaTop 25%CitywideBottom 49%
Same street · Jessie Avenue
#22 / 22
Bottom 1% · Avg 351.7k
Same area · Earl Grey
#31 / 125
Top 25% · Avg 198.3k
Citywide · Winnipeg
#13,649 / 26,841
Bottom 49% · Avg 256.1k

Year Built

above average
2014
0255075100
Same streetBottom 41%Same areaTop 10%CitywideTop 20%

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

2-540 Jessie Avenue — 39 amenities found within 500 m, across 6 categories, including 26 dining (nearest 129 m), 1 education (nearest 321 m), 1 healthcare (nearest 316 m).

Search radius
🍽️Dining26
🏫Education1
🏥Healthcare1
🌳Parks4
Fuel Stations2
Worship5

Crime & Safety

Earl Grey · WPS public data · 2026

Annual incidents

46

2026

vs. city avg

+56%

relative to avg

Year-over-year

-92%

vs. prior year

Primary type

Property

63%

Sales History

Sold 5/2023CA$250k–300k
Sold price

Same street

Bottom 1%

Same area

Top 19%

City-wide

Top 34%

Related homes

Highlights & common questions: 2-540 Jessie Avenue, Winnipeg

Property Overview & Appeal

This 910 sqft condo at 2-540 Jessie Avenue presents a specific and practical value proposition within Winnipeg's Earl Grey neighbourhood. Its key characteristic is its modern build date (2014), making it a significantly newer property compared to most in the area and city-wide. The living space is compact yet efficient, offering a manageable footprint that ranks above average for Earl Grey but is modest compared to other units on its own street. The assessed value sits comfortably above the neighbourhood average, suggesting solid value retention for the area.

The primary appeal lies in acquiring a low-maintenance, modern home in a well-established community without the typical concerns of an older property. It suits first-time buyers seeking an affordable entry into a desirable neighbourhood, downsizers looking for a newer, manageable condo, or pragmatic investors attracted by a relatively recent build with lower anticipated repair costs. A thoughtful perspective is that this unit offers a "best of both worlds" scenario: the character and mature streetscapes of Earl Grey, paired with the modern mechanical systems and building standards of a 2014 construction.

Frequently Asked Questions

1. Is this a good value for the neighbourhood?
Based on the data, yes. The assessed value is in the top 25% for Earl Grey, meaning it is valued higher than most comparable properties in the immediate area, which often indicates desirable features or condition.

2. How does the size compare to nearby homes?
The living area is above the neighbourhood average but is the smallest unit compared to others on Jessie Avenue. This suggests a more efficient, potentially cozier layout compared to its direct neighbours.

3. What are the advantages of a 2014 build in this area?
A build date of 2014 is a standout feature. It means major components like roofing, windows, and mechanical systems are relatively new and likely under warranty for longer, reducing the risk of large, immediate repair expenses common with older homes in the area.

4. What does the sale history indicate?
The property sold recently in May 2023. This provides a clear, current market price benchmark (27.50k), which is useful for understanding recent buyer appetite and for comparison with the current assessed value.

5. Who might this property not suit?
Buyers seeking a large living space or the classic character details of an older Earl Grey home may find this unit too compact or modern. It’s also part of a multi-unit building (as indicated by the address and nearby listings), so it may not suit those seeking a detached, standalone property.

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