5-540 Jessie Avenue

Earl Grey, Winnipeg

Property score

79.4

Good

Overall 79.4 · Larger and newer than most nearby homes

1,505 sqft (top 4%) · 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

91% 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

79.4 is composed by the two sections below.

Property Score

83.1Excellent
Living Area1,505 sqft79Good
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

Elite
1,505 sqft
0255075100
Same streetTop 18%Same areaTop 4%CitywideTop 9%
Same street · Jessie Avenue
#4 / 22
Top 18% · Avg 1,217 sqft
Same area · Earl Grey
#5 / 125
Top 4% · Avg 787 sqft
Citywide · Winnipeg
#2,322 / 26,841
Top 9% · Avg 1,042 sqft

Tax-Assessed Value

above average
340k
0255075100
Same streetBottom 41%Same areaTop 14%CitywideTop 20%
Same street · Jessie Avenue
#13 / 22
Bottom 41% · Avg 351.7k
Same area · Earl Grey
#17 / 125
Top 14% · Avg 198.3k
Citywide · Winnipeg
#5,372 / 26,841
Top 20% · 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

5-540 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 11/2023CA$300k–350k
Sold price

Same street

Top 36%

Same area

Top 9%

City-wide

Top 15%

Related homes

Highlights & common questions: 5-540 Jessie Avenue, Winnipeg

Property Overview

This 1,505 sqft condo at 5-540 Jessie Avenue offers a spacious and modern living option in Winnipeg’s established Earl Grey neighbourhood. Built in 2014, it provides a newer, low-maintenance alternative to the area’s many character homes. Its primary appeal lies in the generous living space—it ranks in the top 4% of homes in Earl Grey for size—combined with the convenience of condo living. The assessed value of $340k positions it as a premium offering within the immediate area but aligns with above-average value citywide.

This property would suit buyers seeking ample square footage without the upkeep of a detached house, such as professionals, downsizers, or small families who value the walkable, central location near amenities like Grant Park. It’s a practical choice for those who want a modern interior in a mature, tree-lined neighbourhood without taking on a renovation project.

Frequently Asked Questions

What does the condo fee cover, and what are the rules?
This is essential for any condo purchase. You’ll need to review the corporation’s financial statements, reserve fund, and bylaws to understand monthly fee inclusions (like snow removal, building insurance, or landscaping) and any restrictions on pets, rentals, or renovations.

How does the assessed value compare to the expected selling price?
The property is assessed at $340k. In today’s market, the final sale price could be higher or lower than this figure, depending on demand, condition, and recent comparable sales in the area. It’s a useful benchmark, not a guaranteed price.

Is the unit’s large size typical for the building?
Yes. With 1,505 sqft, this unit is significantly larger than the average condo in Winnipeg (1,042 sqft) and in Earl Grey (787 sqft). It’s likely one of the more spacious units in this specific complex.

What is the parking situation?
The listing does not specify. You should confirm the number and type of parking spots (underground, surface, dedicated) and whether there is additional storage or visitor parking available.

The home sold recently in November 2023. What does that mean?
A sale just a few months ago suggests a rapid resale or flip. It’s important to understand the seller’s reason for moving and to investigate whether any renovations were completed with permits, as this can affect financing and insurance.

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