Property score
41.8
Below average
Overall 41.8 · Smaller and older than most nearby homes
800 sqft (bottom 28%) · Built in 1912 (18 yrs older than avg)
Located in a above-average income area with median household income of ~69k
Transit 82.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, 1 school, 2 healthcare facilitys, and 1 shop nearby
Living Area
Below average
22% 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
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
41.8 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: #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
548 Polson Avenue — 13 amenities found within 500 m, across 6 categories, including 1 dining (nearest 243 m), 1 education (nearest 460 m), 2 healthcare (nearest 327 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 24% | Bottom 37% | Bottom 7% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Property Overview
This one-and-a-half storey home at 548 Polson Avenue is a compact, early-1900s character property in the Inkster-Faraday neighbourhood. Its key appeal lies in its position as an accessible entry point into the Winnipeg market. With 800 square feet of living space, an unrenovated basement, and a detached garage on a modest 2,317 sqft lot, it presents a straightforward, no-frills opportunity.
The home suits first-time buyers or investors seeking a low-cost acquisition with minimal initial financial outlay, as evidenced by its very low assessed value. Its smaller scale and vintage charm may also appeal to those looking for a manageable, minimalist lifestyle without the upkeep of a larger property. A thoughtful perspective is that this property represents a pure value play on land and location, where future potential is weighted more heavily than current condition or size. It’s a canvas for a buyer willing to invest sweat equity over time or a holder asset in a well-established area.
Key Details & FAQs
Frequently Asked Questions
1. Why is the assessed value so much lower than typical city homes?
Assessed values are based on market trends and property characteristics. This home’s very compact size, age, and likely basic condition place it in a different category than the average family home, resulting in a significantly lower valuation.
2. What does "unrenovated basement" typically imply?
This usually indicates the basement is in its original or utilitarian state. Buyers should budget for potential updates to meet modern standards for living space, moisture control, or mechanical systems.
3. Is the low sale price a red flag for the property's condition?
Not necessarily as a red flag, but it is a clear indicator. A price in this range strongly suggests the property is being sold as-is, likely requiring modernisation and repairs. It underscores the importance of a thorough inspection.
4. Who would this property not be suitable for?
It would not suit buyers needing move-in-ready condition, seeking ample indoor or outdoor space, or who have accessibility needs, given its age and layout.
5. What is the potential here for a buyer?
The potential is for long-term equity growth through gradual improvement in a stable neighbourhood. It allows for ownership with a very low property tax burden, freeing up capital for renovations over time.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
