45.8
Below average
Property score
45.8
Below average
Overall 45.8
Smaller than most nearby homes
720 sqft (bottom 17%)
Built in 1943 (13 yrs newer than avg)
Located in a above-average income area
with median household income of ~81k
Transit 74.0
2-min walk to transit with 2 nearby routes
Within 500m: 1 dining spot, 1 school, 2 healthcare facilitys, and 1 shop nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
30% smaller than neighborhood avg.
Year Built
Near average
13 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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45.8 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
505 Garlies Street — 11 amenities found within 500 m, across 6 categories, including 1 dining (nearest 436 m), 1 education (nearest 398 m), 2 healthcare (nearest 486 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 | Bottom 45% | Top 50% | Bottom 10% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 505 Garlies Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1943, featuring a renovated basement and a detached garage. With 720 sqft of living space, it is notably smaller than most homes in the city, positioning it as a true starter home or a minimalist living option. Its assessed value is modest and in line with the local area, suggesting a lower barrier to entry.
The appeal lies in its practicality and lot size. While the house itself is small, the 3,007 sqft lot is above average for Garlies Street, offering valuable outdoor space and potential. The renovated basement adds functional living area. This property suits first-time buyers seeking an affordable foothold in the market, investors looking for a rental property, or downsizers who prioritize a manageable space with a decent yard over square footage. It represents a value proposition centered on land and location rather than interior size.
Frequently Asked Questions
1. Is the low assessed value a cause for concern?
Not necessarily. The assessed value is very typical for the immediate neighbourhood and street, indicating it is priced appropriately for its market context rather than being an outlier.
2. How does the smaller living area impact daily life?
The 720 sqft layout requires efficient use of space and may not suit those who work from home or have a growing family. However, the renovated basement provides crucial additional flexible space.
3. What are the implications of the larger-than-average lot for the street?
The lot is a key asset. It provides more private outdoor space than neighbouring properties and may offer future potential for expansions like a garden suite, subject to zoning and approvals.
4. The home is older; what should I be mindful of?
Built in 1943, it is actually newer than many homes on the street. Still, a thorough inspection is essential to understand the condition of major systems like wiring, plumbing, and the foundation, as well as the scope and quality of the basement renovation.
5. Who are the most likely neighbours or buyers in this area?
Given the profile of similar nearby properties with comparable assessed values, the area appears to consist of long-established, modest homes. Buyers are likely to be value-conscious and practical, creating a grounded, no-frills community atmosphere.
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