Property score
43.3
Below average
Overall 43.3 · Smaller than most nearby homes
660 sqft (bottom 8%) · Built in 1942 (12 yrs newer than avg)
Located in a above-average income area with median household income of ~81k
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
36% smaller than neighborhood avg.
Year Built
Near average
12 yrs newer than neighborhood avg.
Mother tongue
English · 58%Tagalog · 25%
Past 10 years Inkster-Faraday sales snapshot (~80% of all data)
538
247.5k
$193/sqft
1930
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43.3 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: #46110924
$81K
Median household income
$87K
Average household income
7%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
26%
Single-person households
28%
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
498 Mckenzie Street — 12 amenities found within 500 m, across 6 categories, including 1 dining (nearest 285 m), 2 education (nearest 400 m), 2 healthcare (nearest 218 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 14% | Top 24% | Bottom 19% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 498 Mckenzie Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1942, featuring a renovated basement and situated on a standard city lot. Its primary appeal lies in its position as an accessible entry point into the Winnipeg market. With a living area of 660 sq ft, the home is notably smaller than most in the city, suggesting a focus on efficiency and minimalism rather than spaciousness. The recently sold price and current assessed value are consistently low, indicating a property with very modest property tax obligations.
The home would best suit first-time buyers or investors seeking a straightforward, low-cost holding. Its size and value proposition make it a practical choice for someone comfortable with a smaller footprint, possibly looking to build equity without a large upfront investment. A less obvious perspective is that this property’s below-average size and value could represent a strategic opportunity in its immediate area—its assessed value ranks above average for its street, hinting that it may be seen as a relative standout on the block. It’s a home for practicality, not prestige.
Section 2: Frequently Asked Questions
1. How does the size of this home compare to others?
At 660 sq ft, the living area is significantly smaller than the average home in Winnipeg (1,342 sq ft), in the Inkster-Faraday area (1,025 sq ft), and even on its own street (1,046 sq ft). This places it in the bottom 10-15% for size in these comparisons.
2. What does the assessed value tell me about this property?
The assessed value of $21,300 is far below the Winnipeg city average. However, it ranks above the average for Mckenzie Street itself. This suggests that while it’s a low-value property city-wide, it may be considered one of the more substantial homes on its specific block.
3. What is the likely property tax burden?
Based on the low assessed value, the annual property taxes would be very modest compared to the typical Winnipeg home. Exact amounts depend on the annual mill rate, but the low assessment is a strong indicator of low tax costs.
4. What can the recent sale history tell me?
The home sold in July 2022 for an estimated $21,500-$24,500. This recent sale price is closely aligned with its current assessed value, indicating a stable and transparent valuation in the recent market.
5. Is the land size a potential redevelopment opportunity?
The lot is approximately 3,019 sq ft, which is standard for the area but below the city-wide average. While not exceptionally large, it is typical for its neighbourhood. Any redevelopment potential would depend entirely on specific City of Winnipeg zoning bylaws for the Inkster-Faraday area.
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