401 Mckenzie Street

Inkster-Faraday, Winnipeg

Property score

47.7

Below average

Overall 47.7 · Larger than most nearby homes

1,180 sqft (top 28%) · Built in 1914 (16 yrs older than avg)

Located in a below-average income area with median household income of ~44.8k

Transit 82.0 · 1-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, 1 school, 2 healthcare facilitys, and 3 shops nearby

Living Area

Above average

15% larger than neighborhood avg.

Year Built

Near average

16 yrs older than neighborhood avg.

Mother tongue

English · 67%Tagalog · 13%

Past 10 years Inkster-Faraday sales snapshot (~80% of all data)

Sold Count

538

Median price

247.5k

$/sqft

$193/sqft

Avg build year

1930

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Property score

47.7 is composed by the two sections below.

Property Score

45.5Low
Living Area1,180 sqft60Fair
Year Built191416Low
Lot Size2,614 sqft28Low
Neighbourhood Sales Activity42Low

Community Score

50.9Fair
Household Income45Low
Education Level54Fair
Housing Stress74Good
Core Housing Need50Fair
Employment Health52Fair

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110919

Community deep dive

$45K

Median household income

$66K

Average household income

27%

Low income (LIM-AT)

0.2

Income inequality (Gini)

3.0

P90 / P10 ratio

48%

Single-person households

17%

Families with children

Population, labour & age

Population (2021)516
Labour force participation rate57%
Median age46.0
Avg household size2.2
Unemployment rate12%
Population density5160 / km²

Households & income

Low income (LIM-AT, % pop.)27%
Single-person households48%
Couple families with children17%
Median household income (2020)$45K

Housing

Renter households56%
Condominium dwellings0%
Median dwelling value (owners)$200K

Diversity, education & language

Immigrants (share of pop.)36%
Visible minority43%
Bachelor's or higher (25–64)25%
Mother tongue (1st)English · 66%
Mother tongue (2nd)Tagalog · 12%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

above average
1,180 sqft
0255075100
Same streetTop 38%Same areaTop 28%CitywideBottom 48%
Same street · Mckenzie Street
#30 / 80
Top 38% · Avg 1,046 sqft
Same area · Inkster-Faraday
#404 / 1,442
Top 28% · Avg 1,025 sqft
Citywide · Winnipeg
#101,306 / 194,458
Bottom 48% · Avg 1,342 sqft

Tax-Assessed Value

above average
211k
0255075100
Same streetTop 29%Same areaTop 40%CitywideBottom 10%
Same street · Mckenzie Street
#23 / 80
Top 29% · Avg 183.7k
Same area · Inkster-Faraday
#574 / 1,442
Top 40% · Avg 197.6k
Citywide · Winnipeg
#175,361 / 194,458
Bottom 10% · Avg 390.1k

Year Built

around average
1914
0255075100
Same streetBottom 43%Same areaBottom 40%CitywideBottom 11%

Lot Size

below average
2,614 sqft
0255075100
Same streetBottom 27%Same areaBottom 21%CitywideBottom 7%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

401 Mckenzie Street — 13 amenities found within 500 m, across 7 categories, including 1 dining (nearest 459 m), 1 education (nearest 219 m), 2 healthcare (nearest 452 m).

Search radius
🍽️Dining1
🏫Education1
🏥Healthcare2
🛒Shopping3
🏦Finance1
Worship4
🏛️Government1

Crime & Safety

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%

Sales History

Sold 5/2019CA$150k–200k
Sold price

Same street

Top 43%

Same area

Bottom 38%

City-wide

Bottom 7%

Related homes

Highlights & common questions: 401 Mckenzie Street, Winnipeg

Property Overview: 401 Mckenzie Street, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home in Inkster-Faraday presents a practical and renovated living space. Its key characteristics include 1,180 sqft of living area, a renovated basement, a detached garage, and a lot size of 2,614 sqft. Built in 1914, the home carries the charm and solid construction of its era.

The primary appeal lies in its move-in readiness with a modernized basement, offering flexible space. The detached garage is a valuable asset for storage or workshop use. From a data perspective, this property stands out as a solid performer within its immediate neighborhood. Its assessed value and living area rank above average for Mckenzie Street and the broader Inkster-Faraday area, suggesting it is a well-regarded home in its local context. While the lot is smaller than many city-wide averages, this often translates to lower maintenance.

This home would suit first-time buyers or practical downsizers looking for an established, no-fuss property in a mature neighborhood. It’s ideal for someone who values a renovated interior and the character of an older home, but without the desire for a large yard to upkeep. Investors may also see value in its stable assessment and rental potential.

Section 2: Frequently Asked Questions

1. What does the sold price history indicate?
The home sold in May 2019 for an estimated range of $155k-$185k. Its current assessed value of $211k suggests significant market appreciation since that last sale, which is important context for understanding today's value.

2. How does the property compare to others in the area?
The data shows this home is competitive locally. Its living space is above the average for similar homes on its street and in Inkster-Faraday. Its assessed value also ranks above average for the street, indicating it may be in better condition or have more desirable features than many direct neighbors.

3. Are there any considerations with a 1914 build date?
While the renovated basement is a plus, a home of this age will have older core components. Prospective buyers should pay special attention to the foundation, original plumbing and electrical updates, and the roof during an inspection. The charm of older construction comes with a responsibility for diligent maintenance.

4. How usable is the lot given its size?
At just over 2,600 sqft, the lot is compact. This means minimal yard maintenance, but also limited space for expansions, large gardens, or extensive outdoor recreation. The trade-off is efficiency and less time spent on yard work.

5. What is the significance of the detached garage?
A detached garage offers excellent utility for vehicle storage, a workshop, or additional storage space. It also provides more flexibility for future property modifications than an attached structure might. However, it is less convenient in Winnipeg winters compared to an attached, heated garage.

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