48.4
Below average
Property score
48.4
Below average
Overall 48.4
Smaller and older than most nearby homes
730 sqft (bottom 18%)
Built in 1927 (25 yrs older than avg)
Located in a above-average income area
with median household income of ~82k
Transit 74.0
4-min walk to transit with 2 nearby routes
Within 500m: 5 dining spots, 1 school, 1 healthcare facility, and 1 park nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
28% smaller than neighborhood avg.
Year Built
Below average
25 yrs older than neighborhood avg.
Mother tongue
English · 70%French · 9%
Past 10 years Glenwood sales snapshot (~80% of all data)
785
376k
$381/sqft
1952
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48.4 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: #46110567
$82K
Median household income
$87K
Average household income
6%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
30%
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
51 Stranmillis Avenue — 11 amenities found within 500 m, across 5 categories, including 5 dining (nearest 254 m), 1 education (nearest 194 m), 1 healthcare (nearest 412 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 25% | Bottom 31% | Bottom 25% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
51 Stranmillis Avenue is a compact, one-storey home built in 1927, situated on a standard-sized lot in the Glenwood neighbourhood. Its key appeal lies in its position as an affordable entry point into the Winnipeg market, particularly for those valuing lot size and location over square footage. The home presents a straightforward renovation opportunity.
Section 1: Key Characteristics & Appeal
This property is defined by its modest scale and value. With 730 sqft of living space, it is smaller than most homes on its street, in Glenwood, and across Winnipeg. Its assessed value is consistently below local averages, indicating a lower property tax base. The nearly 4,000 sqft lot is its most competitive feature, being roughly average for the area and offering clear potential for expansion or outdoor space. The detached garage adds practical utility.
The primary appeal is to value-conscious buyers seeking a footprint in a established neighbourhood. It suits a first-time buyer comfortable with a renovation project, an investor looking for a rental property with redevelopment potential, or someone wishing to downsize into a manageable, single-level home. Its below-average metrics are not drawbacks for the right buyer, but rather the source of its accessibility. A thoughtful perspective is that this home represents the "bones" of a property—the land, location, and structure—free from the premium of modern finishes, allowing the next owner to add value according to their own needs and budget.
Section 2: Frequently Asked Questions
1. Is the basement finished?
No, the basement is noted as "not renovated," meaning it is in a rough, unfinished state suitable for storage or mechanical systems.
2. How does the assessed value relate to the likely selling price?
The assessed value for municipal taxes ($23,700) is a baseline and is typically lower than market value. Recent sales on the street (ranging from ~$23,500 to $26,500 in early 2022) provide a more current, though pre-2025, market reference point.
3. What would a renovation entail?
Given the home's age and size, buyers should budget for updates to essential systems (like plumbing and electrical) alongside cosmetic improvements. The existing floor plan may feel compact, but the lot size allows for a future addition, subject to zoning approvals.
4. How does this home compare to others nearby?
It is older and smaller than many homes on Stranmillis Avenue and in Glenwood. However, its lot size is competitive, and its value metrics suggest it is one of the more affordable options in the area.
5. Why is the city-wide average assessed value so much higher?
The city-wide average (shown as $390k) includes all property types and sizes across Winnipeg. This home's assessed value is compared more meaningfully to the local averages for its street ($31.5k) and neighbourhood ($32.1k), where it remains below average.
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