Property score
75.0
Good
Overall 75.0 · Older than most nearby homes
1,329 sqft (bottom 34%) · Built in 1973 (27 yrs older than avg)
Located in a high-income area with median household income of ~112k
Transit 56.0 · 5-min walk to transit with 1 nearby route · Within 500m: 1 park nearby
Living Area
Below average
13% smaller than neighborhood avg.
Year Built
Below average
27 yrs older than neighborhood avg.
Mother tongue
English · 64%Punjabi · 13%
Past 10 years Grassie sales snapshot (~80% of all data)
454
528k
$376/sqft
2000
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75.0 is composed by the two sections below.
Property Score
Community Score
Grassie
How to read: Share of sales in each ~$50k price band for “grassie” (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: #46110874
$112K
Median household income
$115K
Average household income
2%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.9
P90 / P10 ratio
11%
Single-person households
44%
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
497 Grassie Boulevard — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 394 m).
Grassie · WPS public data · 2026
Annual incidents
5
2026
vs. city avg
-83%
relative to avg
Year-over-year
▼ -95%
vs. prior year
Primary type
Property
60%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 15% | Top 25% | Top 18% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This home at 497 Grassie Boulevard presents a compelling mix of space, value, and potential. Its standout feature is the exceptionally large lot—over 26,000 sqft—which places it in the top 1% of properties in both the Grassie area and citywide. This offers rare privacy and room for expansion, gardens, or recreation. The house itself is a renovated one-storey with a finished basement, providing practical living space. While the home's 1973 build date is older than many in the immediate neighbourhood, its assessed value is notably strong, ranking in the top 5% on its own street. This suggests the property is well-maintained and perceived as a high-value asset in its local context.
The appeal lies in securing a substantial piece of land within the city, a increasingly rare opportunity. It suits a buyer who values outdoor space and privacy over a brand-new build, and who may see potential in the existing renovated structure or the possibility of future projects on such a large lot. It’s a practical choice for those seeking room to grow without moving to a rural area, and the strong assessed value indicates a solid foundation for investment.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home last sold in July 2021 for a price range estimated between $46.5k and $49.5k, which aligns closely with its current assessed value of $49.90k. This suggests a stable and consistent market valuation.
2. What does the "Elite" ranking for Land Area actually mean?
It means this property's lot size is larger than 99% of comparable homes in the wider Winnipeg area. On Grassie Boulevard itself, it's still in the top 13%. This is the property's most distinctive and valuable characteristic.
3. The home was built in 1973, but the area average is newer. Should I be concerned?
Not necessarily. While many homes in the broader Grassie area are newer, the property's above-average assessed value on its street indicates that updates and condition have positively influenced its worth. The renovated basement is a key factor here.
4. Who would this property not be ideal for?
It may not suit buyers seeking a modern, turn-key home in a subdivision of similarly aged properties, or those who prefer a low-maintenance yard. The large lot is a big asset but also requires more upkeep.
5. How can I get the exact historical sale price?
The exact sold price is not published publicly. You can request it directly via the email button on the listing page. The service provides the accurate figure manually and does not use your email for marketing spam.
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