42.8
Below average
Property score
42.8
Below average
Overall 42.8
Compared with neighbourhood average
980 sqft (bottom 48%)
Built in 1929 (1 yr older than avg)
Located in a above-average income area
with median household income of ~65k
Transit 82.0
1-min walk to transit with 2 nearby routes
Within 500m: 1 dining spot, 2 schools, 4 shops, and 1 bank/ATM nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
4% smaller than neighborhood avg.
Year Built
Near average
1 yrs older than neighborhood avg.
Mother tongue
English · 65%Tagalog · 24%
Past 10 years Inkster-Faraday sales snapshot (~80% of all data)
538
247.5k
$193/sqft
1930
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42.8 is composed by the two sections below.
Property Score
Community Score
Inkster-Faraday
How to read: Share of sales in each ~$50k price band for “inkster-faraday” (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: #46110920
$65K
Median household income
$67K
Average household income
23%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
21%
Single-person households
30%
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
383 Mckenzie Street — 14 amenities found within 500 m, across 6 categories, including 1 dining (nearest 462 m), 2 education (nearest 237 m), 4 shopping (nearest 93 m).
Inkster-Faraday · WPS public data · 2026
Annual incidents
61
2026
vs. city avg
+107%
relative to avg
Year-over-year
▼ -92%
vs. prior year
Primary type
Property
80%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 29% | Bottom 18% | Bottom 3% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 14% | Bottom 9% | Bottom 2% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
383 McKenzie Street is a compact, one-and-a-half storey home in Winnipeg's Inkster-Faraday neighbourhood. Built in 1929, it offers 980 sqft of living space with a renovated basement and a detached garage. The lot is modest at 2,499 sqft, which is smaller than most in the area and city. Historically, its sold prices and current assessed value are significantly below city-wide averages, positioning it as an accessible entry point into the market.
Key Characteristics & Appeal
This home’s primary appeal lies in its affordability and practicality within a mature neighbourhood. It suits first-time buyers, investors, or those seeking a minimalist footprint without a major renovation project, thanks to the updated basement. Its size and value are very typical for McKenzie Street and Inkster-Faraday, meaning it fits right into the local context without premium pricing.
A less obvious perspective is the potential it holds due to its "below average" metrics. The low assessed value and sale history suggest a property tax burden that is relatively light for Winnipeg. For the right buyer, the smaller lot could be seen as low-maintenance rather than a limitation. It represents a straightforward, no-frills ownership opportunity in a city where average home sizes and prices are considerably higher.
Frequently Asked Questions
1. Is this a good investment property?
Given its consistent below-average valuation and history of affordable sale prices, it could be a candidate for a rental investment, especially for an investor focused on cash flow over appreciation.
2. What does the "renovated basement" include?
The listing notes a renovated basement but does not specify the scope. A professional inspection is recommended to determine the finish quality, any moisture control measures, and whether it includes a legal suite or additional living space.
3. How does the small lot size impact use?
The lot is smaller than most in the area. This limits expansive outdoor projects but can mean less yard work. It's important to check local bylaws for any restrictions on additions, sheds, or parking.
4. Why is the assessed value so much lower than the city average?
The assessed value reflects the home's modest size, age, and the market values within its specific neighbourhood and street, which are historically lower than the broader Winnipeg average.
5. What are the implications of the home's age?
Built in 1929, the structure is nearly a century old. While the basement has been renovated, potential buyers should budget for updates to older components like wiring, plumbing, or the roof, and ensure proper insulation and heating systems are in place.
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