Property score
61.6
Fair
Overall 61.6 · Larger but older than most nearby homes
1,215 sqft (top 22%) · Built in 1914 (38 yrs older than avg)
Located in a above-average income area with median household income of ~70k
Transit 74.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 3 dining spots, 4 healthcare facilitys, 1 shop, and 2 parks nearby
Living Area
Above average
20% larger than neighborhood avg.
Year Built
Below average
38 yrs older than neighborhood avg.
Mother tongue
English · 72%French · 8%
Past 10 years Glenwood sales snapshot (~80% of all data)
785
376k
$381/sqft
1952
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61.6 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: #46110562
$70K
Median household income
$81K
Average household income
12%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.3
P90 / P10 ratio
41%
Single-person households
16%
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
42 Fifth Avenue — 12 amenities found within 500 m, across 5 categories, including 3 dining (nearest 166 m), 4 healthcare (nearest 257 m), 1 shopping (nearest 217 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 9% | Bottom 11% | Bottom 13% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This single-storey home at 42 Fifth Avenue in Winnipeg's Glenwood neighbourhood presents a distinct profile. Its primary appeal lies in the combination of a very large, above-average lot with a modestly sized, older house that carries a notably low municipal assessment. It is a property defined more by its land and potential than by its current structure.
Key Characteristics & Ideal Buyer
The house itself is a 1,215 sqft, one-storey building constructed in 1914. It features a basement that is noted as being unrenovated and has no garage or pool. The living space is comfortably above average for its immediate street and neighbourhood. However, its assessed value is significantly below average across all comparisons—street, neighbourhood, and city-wide—suggesting the current improvements are valued modestly by the tax authority.
The standout feature is the 6,148 sqft lot, which ranks in the top 10% for size both on its street and in Glenwood. This generous parcel of land in a mature neighbourhood is the property's chief asset.
This home would suit a specific type of buyer: those with a vision for the land itself or those seeking a lower-cost entry into the neighbourhood with plans to renovate or rebuild over time. It appeals to the value-conscious purchaser who sees potential in the substantial lot size and is prepared to invest in modernizing or reimagining the existing structure. It is less suited to buyers seeking a turn-key or fully updated home.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The low assessment primarily reflects the age of the home (1914) and the noted condition of features like the unrenovated basement. The municipal assessment places a much higher value on the land itself than on the current building.
2. What can I do with such a large lot?
The lot size offers flexibility that is rare in mature neighbourhoods. Potential uses could include significant expansions, adding a detached garage or workshop, or creating extensive outdoor living spaces. Any major changes would require checking local zoning bylaws.
3. Does the low assessment mean lower property taxes?
Generally, yes. Property taxes are calculated based on the assessed value, so this home would likely carry a lower tax burden than similarly sized homes on smaller lots in the area, at least until any major renovations or a rebuild are completed and reassessed.
4. What are the implications of the "unrenovated basement"?
This typically indicates a basement in original or utilitarian condition, likely lacking modern finishes and possibly having moisture control or ceiling height considerations. It should be thoroughly inspected, but it also represents a blank canvas for a future owner's development plans.
5. How does the 1914 build year affect insurance and maintenance?
Older homes can sometimes face higher insurance premiums and require more diligent maintenance. Key systems like plumbing, electrical, and the foundation may need evaluation and updating to meet modern standards and efficiency expectations.
