Property score
43.0
Below average
Overall 43.0 · Smaller and older than most nearby homes
680 sqft (bottom 3%) · Built in 1910 (15 yrs older than avg)
Located in a above-average income area with median household income of ~83k
Transit 82.0 · 1-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, 2 schools, 1 shop, and 2 parks nearby
Living Area
Below average
42% smaller than neighborhood avg.
Year Built
Below average
15 yrs older than neighborhood avg.
Mother tongue
English · 81%Tagalog · 3%
Past 10 years Glenelm sales snapshot (~80% of all data)
367
261.1k
$330/sqft
1925
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
43.0 is composed by the two sections below.
Property Score
Community Score
Glenelm
How to read: Share of sales in each ~$50k price band for “glenelm” (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: #46110674
$83K
Median household income
$85K
Average household income
10%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.8
P90 / P10 ratio
27%
Single-person households
21%
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
122 Hespeler Avenue — 11 amenities found within 500 m, across 6 categories, including 1 dining (nearest 306 m), 2 education (nearest 341 m), 1 shopping (nearest 288 m).
Glenelm · WPS public data · 2026
Annual incidents
13
2026
vs. city avg
-56%
relative to avg
Year-over-year
▼ -92%
vs. prior year
Primary type
Property
69%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Bottom 1% | Bottom 1% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
122 Hespeler Avenue is a compact, century-old home in Winnipeg's Glenelm neighbourhood. Its primary appeal lies in its significant lot size for the area, offering a substantial canvas for future outdoor use or expansion, paired with a very low property tax base due to its modest assessed value. This is a property defined by potential rather than immediate turn-key readiness, as the home itself is smaller and older than most in its immediate vicinity.
Key Characteristics & Suitability
This one-storey, 680 sqft house, built in 1910, sits on a notably large 4,185 sqft lot—ranking in the top 9% for lot size on its own street. While the living space is well below the neighbourhood average, and the unfinished basement is not renovated, the property’s value proposition is anchored in its land. The assessed value is among the lowest in the city, indicating low annual property taxes.
Its appeal is strongest for specific buyers: the hands-on renovator looking for a footprint to expand upon, an investor seeking a low-entry-cost property with land value, or a minimalist buyer prioritizing low carrying costs and outdoor space over interior square footage. It’s less suited for those seeking move-in-ready space or comparing purely on a price-per-square-foot basis for the house alone.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is based primarily on the property's current state, size, and recent market activity for similar homes. The very low assessment reflects the home's small size, age, and condition, resulting in significantly lower annual property taxes compared to most Winnipeg homes.
2. What does "Top 97%" for Living Area mean?
This statistic means that for living area size, this home ranks in the bottom 3% compared to peers. Specifically, 97% of comparable homes in Winnipeg are larger. It clearly indicates this is a notably compact home.
3. Is the large lot a benefit even if the house is small?
Yes. The lot size is a key asset. It provides ample yard space, potential for gardening, parking, or storage, and most importantly, future potential for additions, a garage, or redevelopment, subject to zoning and permits. This is the property's main competitive advantage.
4. What can the sold price history tell me?
The last recorded sale was between $6.5k and $9.5k in late 2016. This historical price, while not indicative of current value, underscores the property's long-standing status as a very low-cost entry into the market. It’s essential to obtain an exact price and combine it with a current market evaluation.
5. Who would this property not suit?
It would likely not suit buyers who need ample indoor living space immediately, are unable to undertake renovation projects, or prefer a modern home without foundational or maintenance concerns typical of a 116-year-old structure. The trade-off is space and condition for land and affordability.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
