Property score
42.0
Below average
Overall 42.0 · Smaller than most nearby homes
576 sqft (bottom 1%) · Built in 1923 (2 yrs older than avg)
Located in a high-income area with median household income of ~94k
Transit 74.0 · 5-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, 1 school, 4 parks, and 2 place of worships nearby
Living Area
Below average
51% smaller than neighborhood avg.
Year Built
Near average
2 yrs older than neighborhood avg.
Mother tongue
English · 81%French · 3%
Past 10 years Glenelm sales snapshot (~80% of all data)
367
261.1k
$330/sqft
1925
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42.0 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: #46110676
$94K
Median household income
$110K
Average household income
12%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.2
P90 / P10 ratio
22%
Single-person households
25%
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
49 Carmen Avenue — 9 amenities found within 500 m, across 5 categories, including 1 dining (nearest 483 m), 1 education (nearest 197 m), 4 parks (nearest 286 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 3% | Bottom 22% | Bottom 9% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
49 Carmen Avenue is a compact, one-storey home in Winnipeg's Glenelm neighbourhood. Built in 1923, its primary characteristic is its modest 576 sqft living area, which is notably smaller than most homes on its street, in the area, and across the city. The home sits on a roughly average-sized lot for the local area at just over 3,000 sqft. A key updated feature is its renovated basement. Its assessed value is significantly below city-wide averages but is typical for the immediate vicinity.
The appeal here is rooted in affordability and simplicity. It represents a very accessible entry point into homeownership, with property taxes likely to be low due to its assessment. The renovated basement adds functional living space to the small main floor. This property would suit a first-time buyer, an investor looking for a straightforward rental property, or someone seeking a minimalist, low-maintenance lifestyle without a large mortgage. Its smaller size makes it manageable, but it requires a buyer comfortable with compact living spaces.
Frequently Asked Questions
1. Is the home's small size a major drawback?
It is the defining feature. At roughly half the size of the average local home, it requires efficient use of space and is not suited for those needing multiple bedrooms or ample storage. However, for the right buyer, this translates to lower utility costs and less upkeep.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the home's very small square footage and its location within a neighbourhood where property values are generally more modest compared to the entire city. It's assessed in line with similar, smaller properties in Glenelm.
3. What does "renovated basement" typically mean for a home of this age?
In a 1923 home, a renovated basement often includes modernized finishes and likely addresses foundational moisture control and insulation. It's crucial to check the quality of the renovation, permits, and whether it has created a legal secondary suite or simply added livable rec space.
4. Who might this property not be suitable for?
It would likely be challenging for a growing family, anyone who works from home and needs a dedicated office, or buyers who entertain large groups frequently. The limited living area is a significant constraint for these lifestyles.
5. The lot size is average for the street—is there potential to expand the home?
While the lot provides some space, any significant expansion would require careful consideration of zoning bylaws, the century-old home's structure, and budget. The more practical approach is optimizing the existing footprint and renovated basement.
