44.3
Below average
Property score
44.3
Below average
Overall 44.3
Older than most nearby homes
832 sqft (bottom 32%)
Built in 1912 (18 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, 2 healthcare facilitys, 1 shop, and 7 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
19% smaller than neighborhood avg.
Year Built
Below average
18 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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44.3 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: #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
547 Polson Avenue — 11 amenities found within 500 m, across 4 categories, including 1 dining (nearest 290 m), 2 healthcare (nearest 375 m), 1 shopping (nearest 196 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 14% | Bottom 23% | Bottom 4% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 12% | Bottom 21% | Bottom 4% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Property Overview: 547 Polson Avenue
Section 1: Key Characteristics & Appeal
This one-storey home on Polson Avenue is a classic, no-frills property built in 1912. With 832 square feet of living space and a full but unrenovated basement, it sits on a standard city lot of just under 4,000 square feet. The home lacks a garage or pool. Its most defining characteristic is its very low municipal assessed value ($15,200), which places it in the bottom tiers for the street, neighborhood, and city.
The primary appeal lies in its position as an entry-point property. It suits a specific type of buyer: investors or handy owner-occupants looking for a low-cost foothold in the market. The price point allows for a minimal mortgage or even a cash purchase, freeing up capital for necessary updates. While smaller and older than area averages, it represents a straightforward opportunity. A less obvious perspective is its potential as a "blank slate" for someone wanting to customize a home without the premium of a recent flip, or its utility as a strategic holding property in a neighborhood where land value may be the long-term play.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than typical Winnipeg homes?
Municipal assessments are based on market value and comparable sales. This assessment reflects the home's age, smaller size, and likely the condition of the interior and basement, indicating it is priced as a fixer-upper or value-play property.
2. What should I budget for beyond the purchase price?
Given the age of the home (114 years) and the note that the basement is not renovated, prospective buyers should budget for essential maintenance and potential updates. This includes a thorough inspection of the foundation, plumbing, electrical, and roof. The lack of a garage is also a factor for parking and storage costs.
3. Is the lot subdividable or suitable for an addition?
The lot is a standard city size (3,912 sq ft). Whether it can be subdivided or accommodate a significant addition depends on specific City of Winnipeg zoning bylaws and setback requirements. This would require direct verification with the city's planning department.
4. How do the past sold prices influence the current value?
The home sold in 2016 and 2020 in the $12.5k-$16.5k range. These historically low sale prices confirm the property's long-standing position as a value-oriented listing and provide a benchmark, but the current market value will be determined by today's market conditions and the property's present state.
5. Who are the most likely buyers for this property?
This property is best suited for an investor looking for a rental with a low entry cost, or a hands-on first-time buyer with renovation skills who prioritizes low monthly carrying costs over move-in-ready condition. It is less suitable for buyers seeking a modern, low-maintenance home.
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