Property score
37.6
Below average
Overall 37.6 · Compared with neighbourhood average
880 sqft (bottom 38%) · 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, 2 schools, 2 healthcare facilitys, and 2 shops nearby
Living Area
Below average
14% smaller 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)
538
247.5k
$193/sqft
1930
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37.6 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: #46110919
$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
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
407 Mckenzie Street — 13 amenities found within 500 m, across 7 categories, including 1 dining (nearest 461 m), 2 education (nearest 219 m), 2 healthcare (nearest 430 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 | Top 36% | Bottom 42% | Bottom 8% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 7% | Bottom 2% | Bottom 1% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 407 Mckenzie Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modest, century-old home (built 1914) in the Inkster-Faraday neighbourhood. At 880 sqft, its living space is typical for the immediate area but compact by wider city standards. The property sits on a smaller, 2,608 sqft lot and features a one-and-a-half storey layout with an unfinished basement and no garage. Its assessed value is notably low, positioning it well below city averages.
The primary appeal lies in its affordability and potential as an entry point into the market. It suits buyers with a limited budget, such as first-time homeowners or investors looking for a straightforward rental property. Its size and vintage also make it a candidate for a downsizer or someone seeking a minimal footprint. A thoughtful perspective is that its "below average" metrics across the city might represent a lower barrier to entry and a chance to build equity in a neighbourhood where the home is more in line with local norms. However, it requires a buyer comfortable with an older home that needs updates and without dedicated parking.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
Assessed value is for municipal tax purposes and is influenced by the home's age, size, condition, and local market. This home's compact size, older age, and neighbourhood pricing contribute to an assessment significantly below the Winnipeg average.
2. What does the sold price history indicate?
The home sold twice in 2021, with prices ranging from approximately $6.5k-$9.5k in February to $16.5k-$19.5k in July. This suggests a rapidly shifting market at that time. For meaningful comparison, you must research current sales of similar properties in Inkster-Faraday.
3. What should I consider about a 1914-built home?
While charming, a home of this age will likely require careful attention to foundational integrity, plumbing, electrical systems, and insulation. An inspection is essential to understand the condition and anticipate maintenance or renovation costs.
4. Is the lack of a garage or finished basement a major drawback?
This depends on your needs. It limits storage and potential for additional living space without significant investment. For some buyers, the trade-off for a lower price is acceptable, but it's a key practical consideration for vehicle storage and utility.
5. How does this home fit within its neighbourhood?
Within Inkster-Faraday and on its own street, this home is much more typical—its living area and age are around the local average. It’s a home that fits the existing fabric of the area rather than standing out, which can be a stability positive.
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