467 Mckenzie Street

Inkster-Faraday, Winnipeg

Property score

36.6

Below average

Overall 36.6 · Smaller and older than most nearby homes

620 sqft (bottom 5%) · Built in 1910 (20 yrs older than avg)

Located in a above-average income area with median household income of ~72k

Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 1 dining spot, 2 schools, 2 healthcare facilitys, and 2 shops nearby

Living Area

Below average

39% smaller than neighborhood avg.

Year Built

Below average

20 yrs older than neighborhood avg.

Mother tongue

English · 73%Tagalog · 14%

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

36.6 is composed by the two sections below.

Property Score

17.3Low
Living Area620 sqft15Low
Year Built191010Low
Lot Size2,616 sqft28Low
Neighbourhood Sales Activity42Low

Community Score

65.5Good
Household Income72Good
Education Level34Low
Housing Stress83Excellent
Core Housing Need76Good
Employment Health68Good

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: #46110910

Community deep dive

$72K

Median household income

$74K

Average household income

12%

Low income (LIM-AT)

0.2

Income inequality (Gini)

2.6

P90 / P10 ratio

20%

Single-person households

25%

Families with children

Population, labour & age

Population (2021)588
Labour force participation rate69%
Median age40.4
Avg household size2.7
Unemployment rate10%
Population density5345 / km²

Households & income

Low income (LIM-AT, % pop.)12%
Single-person households20%
Couple families with children25%
Median household income (2020)$72K

Housing

Renter households23%
Condominium dwellings4%
Median dwelling value (owners)$200K

Diversity, education & language

Immigrants (share of pop.)24%
Visible minority32%
Bachelor's or higher (25–64)18%
Mother tongue (1st)English · 72%
Mother tongue (2nd)Tagalog · 13%

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

Rankings

Living Area

below average
620 sqft
0255075100
Same streetBottom 6%Same areaBottom 5%CitywideBottom 1%
Same street · Mckenzie Street
#75 / 80
Bottom 6% · Avg 1,046 sqft
Same area · Inkster-Faraday
#1,368 / 1,442
Bottom 5% · Avg 1,025 sqft
Citywide · Winnipeg
#192,256 / 194,458
Bottom 1% · Avg 1,342 sqft

Tax-Assessed Value

around average
194k
0255075100
Same streetTop 44%Same areaBottom 48%CitywideBottom 7%
Same street · Mckenzie Street
#35 / 80
Top 44% · Avg 183.7k
Same area · Inkster-Faraday
#753 / 1,442
Bottom 48% · Avg 197.6k
Citywide · Winnipeg
#180,003 / 194,458
Bottom 7% · Avg 390.1k

Year Built

below average
1910
0255075100
Same streetBottom 7%Same areaBottom 8%CitywideBottom 6%

Lot Size

around average
2,616 sqft
0255075100
Same streetBottom 30%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

467 Mckenzie Street — 13 amenities found within 500 m, across 7 categories, including 1 dining (nearest 330 m), 2 education (nearest 330 m), 2 healthcare (nearest 233 m).

Search radius
🍽️Dining1
🏫Education2
🏥Healthcare2
🛒Shopping2
🌳Parks2
🏦Finance1
Worship3

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 3/2019CA$150k–200k
Sold price

Same street

Bottom 46%

Same area

Bottom 27%

City-wide

Bottom 5%

Related homes

Highlights & common questions: 467 Mckenzie Street, Winnipeg

Property Overview: 467 Mckenzie Street, Winnipeg

Section 1: Key Characteristics & Appeal

This is a compact, one-storey home built in 1910, offering a straightforward and affordable entry point into Winnipeg’s housing market. Its key characteristic is its modest scale, with a living area of 620 sqft that is notably smaller than most homes in the city. The property sits on a standard city lot and features a renovated basement. There is no garage or pool.

The primary appeal lies in its low financial barrier to entry, reflected in its assessed value which is very low citywide but typical for its immediate neighbourhood. This isn't a home for those seeking ample space; instead, it suits a specific buyer. It would be ideal for a first-time buyer comfortable with a smaller footprint, an investor looking for a rental property with a manageable overhead, or someone seeking a minimal-maintenance base in the city. A thoughtful perspective is that its age and smaller size represent a lower-consumption lifestyle, potentially appealing to those prioritizing financial freedom and simplicity over square footage. Its average valuation for the street suggests it's a stable, no-surprises option within its local context.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the citywide average?
The assessed value is primarily based on the home's very modest size, age, and the market values within the Inkster-Faraday neighbourhood. It is priced comparably to other homes on Mckenzie Street.

2. What does "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This would require clarification with the seller or a viewing to understand the finish quality, ceiling height, and legal compliance.

3. Is this a good investment property?
Given its low assessed value and typical rental demand for affordable units, it could be of interest. However, the older age (1910) means potential maintenance costs should be carefully factored into any investment calculation.

4. How does the sold price history from 2019 relate to today’s value?
The home sold for an estimated $13.5k–$16.5k in March 2019. This historical data points to its long-standing position as an affordable property, but current market conditions will determine its present value.

5. What are the implications of having no garage?
Parking will be limited to on-street. This is a common feature for homes of this era in the area, but buyers with a vehicle should consider winter parking regulations and general availability.

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