Property score
50.5
Fair
Overall 50.5 · Older than most nearby homes
976 sqft (top 44%) · Built in 1919 (33 yrs older than avg)
Located in a above-average income area with median household income of ~77k
Transit 74.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 5 dining spots, 1 school, 1 healthcare facility, and 2 parks nearby
Living Area
Near average
4% smaller than neighborhood avg.
Year Built
Below average
33 yrs older than neighborhood avg.
Mother tongue
English · 75%French · 5%
Past 10 years Glenwood sales snapshot (~80% of all data)
785
376k
$381/sqft
1952
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
50.5 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: #46110565
$77K
Median household income
$89K
Average household income
11%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
33%
Single-person households
20%
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
18 Essex Avenue — 12 amenities found within 500 m, across 5 categories, including 5 dining (nearest 101 m), 1 education (nearest 270 m), 1 healthcare (nearest 137 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 1% | Bottom 1% | Bottom 3% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 18 Essex Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1919, presents a straightforward opportunity in Winnipeg's Glenwood neighbourhood. Its key characteristic is its exceptionally low municipal assessed value ($17,500), which places it in the bottom 1% of homes on its street and in Glenwood. The living space (976 sq. ft.) is modest but typical for the immediate area, and the property sits on a smaller, urban-sized lot.
The appeal lies primarily in its position as an entry-point property or a strategic investment. It suits buyers with a specific vision: renovators looking for a low-cost foundation to build equity, investors seeking a rental property with a very low tax burden, or those wanting minimal mortgage exposure. Its recent sale price range (2022: $12.5k - $15.5k) suggests it is a cash-flow-focused asset rather than a traditional family home. A thoughtful perspective is that this property represents "land value with a house included," where the potential is tied more to the owner's effort and capital for improvements than to market appreciation of the existing structure.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
Municipal assessments are based on market value and property characteristics. This home's very low assessment reflects its age, modest size, lack of renovations, and the absence of features like a garage. It indicates a property in need of significant updating.
2. What type of renovation should I expect?
The listing notes an unrenovated basement. Given the age and assessed value, buyers should budget for foundational updates (like plumbing, electrical, and insulation) alongside any cosmetic improvements. It is effectively a blank canvas requiring a full modernization plan.
3. Is this a good neighbourhood for investment?
Glenwood is an established, central neighbourhood. The data shows homes here are generally older and on smaller lots compared to the wider city. Its appeal for this property is the low entry cost within a stable area, making it possible to offer affordable rental options.
4. How does the lot size impact potential?
At 2,564 sq. ft., the lot is smaller than the Glenwood and city averages. This limits potential for large additions or extensive outdoor space. However, it can mean lower maintenance costs and may align with a desire for a more compact, efficient property post-renovation.
5. What are the long-term considerations?
The primary consideration is the investment required to bring the home to modern standards versus its potential future value in the context of the neighbourhood. While taxes are currently very low, any significant renovation will trigger a reassessment and higher property taxes. This property is a long-term value play through sweat equity, not a short-term flip.
