Property score
66.2
Good
Overall 66.2 · Larger than most nearby homes
1,404 sqft (top 9%) · 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
Above average
37% larger 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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66.2 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
502 Mckenzie Street — 14 amenities found within 500 m, across 6 categories, including 1 dining (nearest 275 m), 2 education (nearest 405 m), 2 healthcare (nearest 214 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 7% | Top 21% | Bottom 20% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 502 Mckenzie Street, Winnipeg
Section 1: Overview & Appeal
This one-and-a-half storey home, built in 1942, presents a compelling opportunity in the Inkster-Faraday neighbourhood. Its key characteristic is above-average space, offering 1,404 sqft of living area, which ranks in the top 13% for its street and top 9% for the local area. The home sits on a 4,021 sqft lot and features a renovated basement.
The primary appeal lies in its strong positioning within its immediate community. The assessed value of $280k places it in the elite top 5% for the Inkster-Faraday area, suggesting it is a well-regarded, higher-value property among its direct peers. This indicates a home that likely offers more space and modern updates than many nearby options. The renovated basement adds functional living space, a valuable asset.
This property would best suit practical buyers looking for a spacious, established home in a neighbourhood context. It’s ideal for someone who values being above the local average in terms of both size and perceived value, and who appreciates the character and potential of a well-maintained older home. It’s less suited for those seeking a new build, a large city-sized lot, or attached garage parking.
Section 2: Frequently Asked Questions
1. How does this home’s value compare city-wide?
While it ranks highly within its own neighbourhood, its assessed value is below the Winnipeg city-wide average. This highlights that it offers significant value and space for the area, but is priced within a different market segment than newer or larger-lot homes in other parts of the city.
2. What does the sold price history indicate?
Public records show it last sold in September 2020 for an estimated range of $22.50k to $25.50k. This historical price is significantly lower than the current assessed value, reflecting strong market appreciation over the last few years. The exact sale price is available upon request.
3. Is the lot size a pro or a con?
The lot is above average for Mckenzie Street but below average for Winnipeg overall. It provides decent outdoor space for the neighbourhood, but isn’t an exceptionally large yard by suburban standards.
4. What should I consider about the home’s age?
Built in 1942, the home is older than the city median. While it has updates like a renovated basement, potential buyers should be prepared for the maintenance and systems (like plumbing or electrical) typical of an 84-year-old structure, even if well-kept.
5. Who are the typical neighbours?
Nearby properties on Mckenzie Street and Machray Avenue are of similar vintage, with varying sizes and assessed values. The data suggests a mixed but established streetscape, with this home being one of the larger and higher-valued properties on its block.
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