Property score
48.7
Below average
Overall 48.7 · Smaller but newer than most nearby homes
792 sqft (bottom 13%) · Built in 1948 (20 yrs newer than avg)
Located in a above-average income area with median household income of ~77.5k
Transit 86.0 · 2-min walk to transit with 4 nearby routes · Within 500m: 10 dining spots, 4 schools, 5 healthcare facilitys, and 2 shops nearby
Living Area
Below average
34% smaller than neighborhood avg.
Year Built
Above average
20 yrs newer than neighborhood avg.
Mother tongue
English · 84%Tagalog · 3%
Past 10 years Earl Grey sales snapshot (~80% of all data)
529
295k
$299/sqft
1928
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48.7 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: #46110391
$78K
Median household income
$89K
Average household income
9%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.1
P90 / P10 ratio
37%
Single-person households
18%
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
848 Fleet Avenue — 26 amenities found within 500 m, across 6 categories, including 10 dining (nearest 320 m), 4 education (nearest 270 m), 5 healthcare (nearest 151 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 17% | Bottom 20% | Bottom 20% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
848 Fleet Avenue is a compact, one-storey home in Winnipeg's Earl Grey neighbourhood. Built in 1948, it offers 792 square feet of living space with an unfinished basement and sits on a standard city lot of 3,378 square feet. The home lacks a garage or pool. Its most recent sale was in August 2020 for $240,000, while its current assessed value is notably lower at $28,900.
Key Characteristics & Appeal
This property’s primary appeal lies in its position as an affordable entry point into a well-established, central neighbourhood. The home is modest in size, ranking below average for living area both on its street and within the city, making it a true starter home or a downsizing opportunity. Its assessed value is around average for Earl Grey, suggesting the potential lies more in the land location than the current structure. The unfinished basement presents a blank canvas for future expansion or storage.
It would best suit a first-time buyer comfortable with a project, an investor looking for a rental property, or someone seeking a low-maintenance footprint in a convenient location. A thoughtful perspective is that its smaller size and simpler layout could mean lower utility costs and less upkeep, offering a practical lifestyle rather than a premium one. Its value is fundamentally grounded in the neighbourhood rather than the features of the home itself.
Frequently Asked Questions
1. Why is there such a large gap between the 2020 sale price ($240k) and the current assessed value ($28.9k)?
The assessed value is for taxation purposes and is not an indicator of market value. It is typically significantly lower than what a home would sell for on the open market. The sale price from 2020 is a more relevant benchmark for current market value.
2. What does the "below average" living area ranking mean for daily life?
With 792 sqft, the home is compact. It will likely have fewer and smaller rooms than many modern homes, requiring efficient use of space. This can simplify living but may not suit those needing multiple bedrooms or dedicated work/entertainment areas.
3. Is the unfinished basement a drawback or an opportunity?
It's both. It means there are no finished living areas or additional bathrooms below grade, which some buyers may see as a limitation. However, it provides ample storage and presents a clear opportunity for future renovation to add living space, subject to budget and permits.
4. How does the lack of a garage affect this property?
Street parking will be the norm. This is common for older homes in central neighbourhoods but is an important consideration for vehicle owners, especially during Winnipeg winters.
5. The home is older—what should I be most concerned about?
Built in 1948, major systems like the roof, plumbing, electrical, and foundation should be carefully inspected. While the home is younger than many in Earl Grey, its age necessitates a thorough evaluation for potential updates or repairs needed.
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