38.2
Below average
Property score
38.2
Below average
Overall 38.2
Smaller and older than most nearby homes
692 sqft (bottom 12%)
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, 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
32% 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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38.2 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: #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
553 Polson Avenue — 11 amenities found within 500 m, across 4 categories, including 1 dining (nearest 299 m), 2 healthcare (nearest 380 m), 1 shopping (nearest 210 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 16% | Bottom 25% | Bottom 4% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 553 Polson Avenue, Winnipeg
Key Characteristics & Buyer Appeal
This is a compact, one-storey home built in 1912, situated on a standard-sized lot in the Inkster-Faraday neighbourhood. Its key characteristic is its modest scale, with a living area of 692 sqft that places it among the smaller homes in the city. The assessed value is notably low, reflecting its age, size, and unrenovated basement. There is no garage or pool.
The primary appeal lies in its position as an entry-point property. It represents one of the most accessible price points in the Winnipeg market, suited for a very specific buyer. This home would be ideal for an investor looking for a straightforward rental property, a hands-on buyer seeking a minimal footprint with the potential for a future overhaul, or someone with the practical skills to gradually improve a fundamental structure. Its value is in what it is—a basic shelter—rather than in any current finishes or amenities. A less obvious perspective is that such a modest, low-assessment property can offer a measure of insulation from high property tax bills, preserving cash flow for an owner-investor.
Frequently Asked Questions
1. Why is the assessed value so much lower than typical city averages?
The assessed value reflects the property's older age, smaller square footage, and lack of major renovations compared to the broader market. It is assessed based on its current state and utility.
2. What does "basement, not renovated" typically imply?
This usually indicates a functional but unfinished space. It likely has essential utilities but lacks finished walls, ceilings, or flooring. It should be inspected for moisture issues common in older foundations.
3. Who would this property suit best?
It is best suited for a budget-conscious investor, a buyer comfortable with a major renovation project over time, or someone seeking the absolute minimum ongoing carrying costs.
4. How does the lot size compare?
At just under 4,000 sqft, the lot is average for the immediate area but below the Winnipeg citywide average. It provides adequate outdoor space but is not exceptionally large.
5. Where can I find the exact historical sale price?
The exact sale price from January 2018 is not publicly displayed in detail. You can request it directly via the email prompt on the listing page for a manual reply.
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