Property score
49.1
Below average
Overall 49.1 · Smaller and older than most nearby homes
704 sqft (bottom 14%) · Built in 1927 (25 yrs older than avg)
Located in a above-average income area with median household income of ~82k
Transit 80.0 · 4-min walk to transit with 3 nearby routes · Within 500m: 3 dining spots, 1 healthcare facility, 2 shops, and 1 park nearby
Living Area
Below average
31% smaller than neighborhood avg.
Year Built
Below average
25 yrs older than neighborhood avg.
Mother tongue
English · 73%French · 6%
Past 10 years Glenwood sales snapshot (~80% of all data)
785
376k
$381/sqft
1952
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49.1 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: #46110568
$82K
Median household income
$84K
Average household income
14%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.4
P90 / P10 ratio
30%
Single-person households
23%
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
79 Bank Avenue — 11 amenities found within 500 m, across 7 categories, including 3 dining (nearest 351 m), 1 healthcare (nearest 327 m), 2 shopping (nearest 351 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 3% | Bottom 1% | Bottom 4% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
79 Bank Avenue is a compact, one-storey home in Winnipeg's Glenwood neighbourhood. Built in 1927, its primary appeal lies in being an accessible entry point into homeownership. With a living area of 704 sqft and a notably low assessed value, it represents one of the most modestly scaled and priced properties in the area. The detached garage and a land area of 3,761 sqft offer practical utility and potential for outdoor space. Its appeal is for the budget-conscious buyer seeking a straightforward, no-frills property where the land and location provide the core value, not the size or condition of the dwelling. It would suit an investor looking for a rental property, a first-time buyer willing to live modestly while building equity, or someone seeking a minimal footprint with lower carrying costs.
A thoughtful perspective is that this home's below-average metrics in a stable area like Glenwood could represent a "value floor." While the house itself is small and older, it provides a foothold in a community where similar properties are often significantly larger and more expensive, offering a unique chance to enter the market at its most basic level.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the home's very modest size, age, and likely its condition and features compared to the broader Winnipeg market, which includes many larger, newer homes.
2. What does the "below average" ranking for living area mean for daily life?
With 704 sqft of living space, this is a compact home. It would typically accommodate one or two people comfortably and requires efficient use of space and minimal possessions.
3. Given the home's age, what should a buyer prioritize during an inspection?
A buyer should focus on the fundamental systems: the foundation, roof, wiring, and plumbing. Homes from this era may have outdated materials or wear that needs addressing.
4. How does the land size (3,761 sqft) compare, and what are the possibilities?
The lot is slightly smaller than the Glenwood average but is still a good size. It allows for a decent yard, garden space, or potential for a future shed or addition, subject to local bylaws.
5. The last recorded sale was in 2021 for a very low price. What does that indicate?
This confirms the property's position as a low-cost option. It suggests the market for such a compact, older home is niche, but it also highlights a potential opportunity for significant equity gain if the area appreciates, even with minimal investment in updates.
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