52.0
Fair
Property score
52.0
Fair
Overall 52.0
Smaller than most nearby homes
789 sqft (bottom 29%)
Built in 1931 (21 yrs older than avg)
Located in a above-average income area
with median household income of ~86k
Transit 54.0
9-min walk to transit with 2 nearby routes
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
22% smaller than neighborhood avg.
Year Built
Below average
21 yrs older than neighborhood avg.
Mother tongue
English · 75%French · 8%
Past 10 years Glenwood sales snapshot (~80% of all data)
785
376k
$381/sqft
1952
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52.0 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: #46110566
$86K
Median household income
$97K
Average household income
7%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
26%
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
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 27% | Top 48% | Bottom 39% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 156 Egerton Road, Glenwood, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1931, situated on a notably large lot for the Glenwood neighbourhood. Its key appeal lies in its balance of a very low municipal assessed value with a generous, private outdoor space—a combination that is increasingly rare. The living area (789 sq. ft.) is modest and below local averages, but the renovated basement adds functional space. The detached garage offers flexibility.
The property’s standout feature is its land. At over 7,000 sq. ft., the lot size ranks in the top 3% for Glenwood, offering significant potential for gardening, expansion, or future redevelopment. This makes it particularly suited for a specific type of buyer: those who prioritize land value and future potential over immediate square footage. It’s a practical entry point into homeownership for a budget-conscious buyer, a long-term play for an investor eyeing the lot’s value, or a perfect fit for someone who values expansive outdoor living more than a large interior.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than typical city homes?
Municipal assessments are based on a mass appraisal system considering factors like home size, age, and local sales. The very modest living area and older age of the main structure result in a lower assessed value, which can translate to lower property taxes—a key ongoing cost saving.
2. Is the house in need of major updates?
While specific conditions aren't listed, the age of the home (1931) suggests that some systems (like plumbing or electrical) may be older. The basement is noted as renovated, but a thorough inspection would be essential to understand the condition of the main floor and structure.
3. What can I do with such a large lot?
Beyond a spacious yard, the lot size may offer future opportunities not available on standard parcels, such as adding a significant addition, building a detached workshop or studio (subject to zoning bylaws), or simply enjoying substantial green space in a mature neighbourhood.
4. How does the recent sold price compare to the assessment?
The home sold in mid-2023 for an amount close to its current assessed value. This indicates the assessment is closely aligned with its recent market value, which is not always the case, and suggests a stable, un-inflated valuation.
5. Is the neighbourhood trending?
The data shows that while this home is modest, properties in Glenwood on average have higher assessed values and are more recently built than this specific house. This indicates the surrounding area is more developed, which can be a stabilizing factor, but the home itself is an outlier in terms of size and age within its immediate context.
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