51.9
Fair
Property score
51.9
Fair
Overall 51.9
Smaller and older than most nearby homes
780 sqft (bottom 28%)
Built in 1922 (30 yrs older than avg)
Located in a high-income area
with median household income of ~92k
Transit 70.0
7-min walk to transit with 3 nearby routes
Within 500m: 1 park nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
23% smaller than neighborhood avg.
Year Built
Below average
30 yrs older than neighborhood avg.
Mother tongue
English · 79%French · 8%
Past 10 years Glenwood sales snapshot (~80% of all data)
785
376k
$381/sqft
1952
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51.9 is composed by the two sections below.
Property Score
Community Score
Glenwood
How to read: Share of sales in each ~$50k price band for “glenwood” (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: #46110569
$92K
Median household income
$103K
Average household income
7%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
28%
Single-person households
24%
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
124 Humboldt Avenue — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 468 m).
Glenwood · WPS public data · 2026
Annual incidents
26
2026
vs. city avg
-12%
relative to avg
Year-over-year
▼ -94%
vs. prior year
Primary type
Property
62%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 17% | Bottom 38% | Bottom 30% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 3% | Bottom 14% | Bottom 15% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 9% | Bottom 18% | Bottom 18% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
124 Humboldt Avenue is a compact, one-storey home built in 1922, situated on a notably generous lot in Winnipeg's Glenwood neighbourhood. Its primary appeal lies in its land value and affordability, presenting a clear opportunity for buyers comfortable with a project. The 780 sqft house has an unfinished basement and no garage. Recent sales history shows consistent activity, indicating a property that trades on its underlying value rather than its current condition.
Key Characteristics & Ideal Buyer
The defining feature of this home is its 5,100 sqft lot, which ranks in the top 9% for size on its own street. This creates a significant value proposition where the land itself forms a substantial portion of the asset. The house, at 780 sqft, is modest and below the average size for the area, and its assessed value is consistently below local averages. This combination suggests a property where the potential lies in the land—for expansion, gardening, or future redevelopment—rather than in the existing structure.
Its appeal is squarely for value-driven buyers: first-time purchasers seeking an entry point into the market, investors looking for a land-hold or rental opportunity, or hands-on owners planning a gradual renovation or future rebuild. It suits someone who views the compact house as a manageable starting point and the large lot as a long-term asset. A less obvious perspective is that homes of this vintage and size, while requiring updates, often possess a functional, straightforward layout and character that can be efficiently modernized without the complexity of a larger, more altered property.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's current state—a smaller, older home in need of modernization. The valuation is likely weighted heavily on the existing structure, with the large lot size not fully compensating in the assessment formula, which is common for older core neighbourhoods.
2. What does the consistent sales history indicate?
The property has sold approximately every 3-4 years since 2017. This pattern often suggests it is seen as a viable entry-level or investment property, likely trading at a price point that allows new owners to add value before potentially selling again.
3. What are the main considerations regarding the large lot?
While a major asset, a lot of this size requires more maintenance. It also presents opportunities: checking local zoning bylaws would be essential to understand possibilities for additions, building a garage, or future land use.
4. How significant is the unfinished basement?
It provides essential utility space and storage but represents a clear area for potential future investment. Buyers should budget for proper moisture control and insulation if considering finishing it later.
5. The home has no garage. How challenging is adding one?
Given the ample lot size, adding a garage or shed is physically very feasible. The main considerations would be the cost of construction, securing the necessary permits, and ensuring any new structure complies with setback requirements from property lines.
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