38.7
Below average
Property score
38.7
Below average
Overall 38.7
Smaller than most nearby homes
668 sqft (bottom 9%)
Built in 1925 (5 yrs older than avg)
Located in a above-average income area
with median household income of ~69k
Transit 82.0
1-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
35% smaller than neighborhood avg.
Year Built
Near average
5 yrs older than neighborhood avg.
Mother tongue
English · 66%Tagalog · 20%
Past 10 years Inkster-Faraday sales snapshot (~80% of all data)
538
247.5k
$193/sqft
1930
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38.7 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: #46110908
$69K
Median household income
$79K
Average household income
16%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
26%
Single-person households
26%
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
541 Polson Avenue — 12 amenities found within 500 m, across 5 categories, including 1 dining (nearest 283 m), 1 education (nearest 489 m), 2 healthcare (nearest 372 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 36% | Top 46% | Bottom 11% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 2% | Bottom 8% | Bottom 1% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 541 Polson Avenue
Section 1: Key Characteristics & Appeal
This one-storey home on Polson Avenue is a compact, no-frills property built in 1925. Its key characteristic is its modest 668 sqft living area, which is notably smaller than most homes in Winnipeg. The lot is a standard city size at just under 4,000 sqft. A recently renovated basement and a detached garage are practical features. The home’s assessed value is significantly below the city average, reflecting its scale and location in the Inkster-Faraday neighbourhood.
The appeal lies in its straightforward affordability and low maintenance footprint. It suits a specific buyer: a first-time purchaser or an investor seeking an entry point into the market with minimal overhead. It could also be a fit for someone looking to downsize dramatically without leaving the city. A less obvious perspective is its potential as a "blank slate"—its small size and basic layout could be seen as a manageable project for a DIY enthusiast to personalize without the pressure of a major renovation. Its average assessment for the street suggests it’s in line with the immediate area, offering stability rather than standing out.
Section 2: Frequently Asked Questions
1. Is this a tiny home?
While not officially categorized as such, its living area (668 sqft) is less than half the city average, placing it in a similar size range. It offers a minimalist lifestyle within a traditional neighbourhood setting.
2. Why is the assessed value so much lower than the city average?
The assessed value of approximately $20k is based on municipal evaluation formulas that heavily factor in the home's very small square footage and its location. It is actually around average for homes on Polson Avenue itself.
3. What does the "renovated basement" include?
The listing confirms the basement has been renovated but does not specify the finishes or layout. This would be a key detail to clarify with the seller or listing agent to understand if it’s finished living space, a utility area, or a combination.
4. How do the past sold prices influence the current value?
The home sold twice in 2016 at prices ranging from roughly $9.5k to $21.5k. These historical figures, while informative, reflect a different market and should be considered alongside current assessments, condition, and recent comparable sales for today’s value.
5. Who is responsible for requesting the exact sold price history, and why isn't it public?
The listing service offers to provide exact sold prices manually via email upon request. This is often due to the way local sales data is licensed and distributed; they are providing a verified service while complying with data agreements.
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