Property score
How it stacks up
Detailed ranking analysis ▼
Street Level (Market Avenue): Below Average. Ranked #76 out of 79 (Bottom 4%). The street average for comparable homes is 724 sqft.
Neighborhood Level (Exchange District): Below Average. Ranked #418 out of 439 (Bottom 5%). The neighborhood average for comparable homes is 1,125 sqft.
Citywide Level (Winnipeg): Below Average. Ranked #26,294 out of 26,841 (Bottom 2%). The citywide average for comparable homes is 1,042 sqft.
Street Level (Market Avenue): Below Average. Ranked #77 out of 79 (Bottom 3%). The street average for comparable homes is 229.5k.
Neighborhood Level (Exchange District): Below Average. Ranked #416 out of 439 (Bottom 5%). The neighborhood average for comparable homes is 344.4k.
Citywide Level (Winnipeg): Below Average. Ranked #20,188 out of 26,841 (Bottom 25%). The citywide average for comparable homes is 276.9k.
Street Level (Market Avenue): Above Average. Ranked #1 out of 79 (Top 1%). The street average for comparable homes is 1912.
Neighborhood Level (Exchange District): Above Average. Ranked #79 out of 439 (Top 18%). The neighborhood average for comparable homes is 1925.
Citywide Level (Winnipeg): Below Average. Ranked #26,078 out of 26,841 (Bottom 3%). The citywide average for comparable homes is 1990.
Exchange District market pulse
How to read: Share of sales in each ~$50k price band for “exchange district” (Condos, 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
- Exact sold prices
- Detailed market analysis
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- Neighbourhood insights
- Recent sold count in the area
Who lives in this neighbourhood
Transit, amenities & safety
Nearby Amenities
217-139 Market Avenue — 68 amenities found within 500 m, across 8 categories, including 49 dining (nearest 98 m), 3 education (nearest 128 m), 2 healthcare (nearest 262 m).
Crime & safety
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Related homes
Nearby interested homes
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Similar assessed value
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Is this home right for you?
Property Overview & Key Characteristics
This is a compact, historic commercial condo unit in Winnipeg's vibrant Exchange District. Built in 1912, the 545 sqft space is defined by its heritage character and central location. Its appeal lies in its exceptionally low entry point, as reflected in the assessed value, offering a rare opportunity to own a piece of a iconic neighbourhood. The unit ranks in the top tier for its street and area, indicating it is among the most affordable properties in a high-demand locale.
It would suit an entrepreneur seeking a first physical location, an artist or creative professional looking for a studio, or an investor wanting a low-maintenance, income-generating asset in a protected historic area. A thoughtful perspective is that its small size and historic nature limit intensive renovations, making it ideal for a business that thrives on authenticity rather than needing a modern, built-out space. Its value is intrinsically tied to the continued prosperity and cachet of the Exchange District itself.
Frequently Asked Questions
1. What does the ranking data (e.g., "Top 0% in neighbourhood") actually mean?
This indicates how the property compares to others in the area for a specific metric. For example, being in the "Top 0%" for value in its street means it is among the lowest-valued properties there. It's a measure of its relative affordability within a desirable context.
2. Are there any monthly condo or maintenance fees?
The provided data does not include this critical information. For any commercial condo, you must request the status certificate from the condo corporation to understand the monthly fees, reserve fund status, and governing rules.
3. The unit sold for $18k in 2019. Why is the assessed value so close to that sale price?
Municipal assessments in Manitoba are based on market value, and this suggests the assessor views the 2019 sale as a recent, fair arms-length transaction. It indicates a stable, low-value niche in the market rather than a property that has depreciated.
4. What are the practical implications of a "heritage building" designation?
While the listing doesn't state it explicitly, a 1912 building in the Exchange District is almost certainly subject to heritage guidelines. This can affect exterior changes, signage, and sometimes interior alterations, requiring approvals to preserve historical integrity.
5. The living area is only 545 sqft. What types of businesses could operate here?
It's suited for lean, focused operations: a professional consultancy, boutique retail, a therapy/wellness practice, a small gallery, or a creative studio. Its viability depends more on foot traffic, online sales, or appointment-based models than on large-scale production or inventory storage.