Property score
43.0
Below average
Overall 43.0 · Smaller and older than most nearby homes
652 sqft (bottom 2%) · Built in 1911 (17 yrs older than avg)
Located in a above-average income area with median household income of ~74.5k
Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 10 dining spots, 1 school, 1 healthcare facility, and 1 shop nearby
Living Area
Below average
46% smaller than neighborhood avg.
Year Built
Below average
17 yrs older than neighborhood avg.
Mother tongue
English · 78%Tagalog · 3%
Past 10 years Earl Grey sales snapshot (~80% of all data)
529
295k
$299/sqft
1928
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43.0 is composed by the two sections below.
Property Score
Community Score
Earl Grey
How to read: Share of sales in each ~$50k price band for “earl grey” (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: #46110415
$75K
Median household income
$81K
Average household income
12%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
38%
Single-person households
14%
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
703 Lorette Avenue — 19 amenities found within 500 m, across 7 categories, including 10 dining (nearest 163 m), 1 education (nearest 234 m), 1 healthcare (nearest 221 m).
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%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 7% | Bottom 3% | Bottom 8% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 703 Lorette Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey character home in the established Earl Grey neighbourhood. Built in 1911, its key characteristic is its modest scale, with 652 sqft of living space and a 2,530 sqft lot, both significantly below area averages. This translates to a very low assessed value, positioning it as one of the most accessible entry points into a desirable, central community.
The primary appeal lies in this affordability within a prime location. The home features a renovated basement, adding functional space. It suits specific buyer profiles: first-time buyers seeking a foothold in a great neighbourhood without a large mortgage, downsizers looking to rightsize into a manageable property with character, or investors considering a value-add opportunity due to the home's age and below-average metrics. A thoughtful perspective is that a home of this size and vintage offers a simpler, lower-maintenance lifestyle focused on the community rather than the property itself, and its low operating costs are a significant long-term benefit.
Section 2: Frequently Asked Questions
1. Is this a "teardown" or renovation project?
Given its age, size, and low assessed value, some buyers may consider it for land value or a full rebuild. However, the renovated basement indicates it has been maintained as a livable home, making it suitable for move-in-ready buyers as well.
2. How does the small living area compare to nearby homes?
The data is clear: at 652 sqft, this home's living area is in the bottom 7% for the Earl Grey area, where comparable homes average about 1,206 sqft. Efficient use of space and the basement addition will be crucial.
3. What does the low assessed value mean for property taxes?
A low assessed value typically results in lower municipal property taxes, which is a tangible financial advantage for the owner, offsetting some costs associated with an older home.
4. Is there potential for expansion or adding a garage?
The lot is smaller than most in the area (below 79% of Earl Grey lots), which may limit expansion possibilities or adding detached structures. Checking specific zoning bylaws and setback requirements would be an essential next step.
5. The home last sold in 2019. What should I consider?
The 2019 sale price was notably low. Understanding what changes or investments have been made since then, and how market values in Earl Grey have trended, will be key to evaluating the current asking price.
