566 Polson Avenue

Inkster-Faraday, Winnipeg

Property score

55.4

Fair

Overall 55.4 · Larger and newer than most nearby homes

1,176 sqft (top 29%) · Built in 1945 (15 yrs newer than avg)

Located in a above-average income area with median household income of ~69k

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

Living Area

Above average

15% larger than neighborhood avg.

Year Built

Above average

15 yrs newer than neighborhood avg.

Mother tongue

English · 66%Tagalog · 20%

Past 10 years Inkster-Faraday sales snapshot (~80% of all data)

Sold Count

538

Median price

247.5k

$/sqft

$193/sqft

Avg build year

1930

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Property score

55.4 is composed by the two sections below.

Property Score

49.8Low
Living Area1,176 sqft60Fair
Year Built194530Low
Lot Size3,459 sqft38Low
Neighbourhood Sales Activity42Low

Community Score

63.7Fair
Household Income70Good
Education Level34Low
Housing Stress83Excellent
Core Housing Need76Good
Employment Health60Fair

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110908

Community deep dive

$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

Population, labour & age

Population (2021)639
Labour force participation rate66%
Median age37.6
Avg household size2.6
Unemployment rate11%
Population density5325 / km²

Households & income

Low income (LIM-AT, % pop.)16%
Single-person households26%
Couple families with children26%
Median household income (2020)$69K

Housing

Renter households42%
Condominium dwellings0%
Median dwelling value (owners)$200K

Diversity, education & language

Immigrants (share of pop.)39%
Visible minority47%
Bachelor's or higher (25–64)16%
Mother tongue (1st)English · 65%
Mother tongue (2nd)Tagalog · 19%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

above average
1,176 sqft
0255075100
Same streetTop 25%Same areaTop 29%CitywideBottom 48%
Same street · Polson Avenue
#144 / 583
Top 25% · Avg 1,066 sqft
Same area · Inkster-Faraday
#412 / 1,442
Top 29% · Avg 1,025 sqft
Citywide · Winnipeg
#101,971 / 194,458
Bottom 48% · Avg 1,342 sqft

Tax-Assessed Value

above average
236k
0255075100
Same streetTop 49%Same areaTop 22%CitywideBottom 14%
Same street · Polson Avenue
#288 / 583
Top 49% · Avg 241.2k
Same area · Inkster-Faraday
#320 / 1,442
Top 22% · Avg 197.6k
Citywide · Winnipeg
#166,860 / 194,458
Bottom 14% · Avg 390.1k

Year Built

above average
1945
0255075100
Same streetTop 42%Same areaTop 19%CitywideBottom 22%

Lot Size

around average
3,459 sqft
0255075100
Same streetBottom 49%Same areaTop 50%CitywideBottom 19%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

566 Polson Avenue — 13 amenities found within 500 m, across 6 categories, including 1 dining (nearest 267 m), 1 education (nearest 493 m), 2 healthcare (nearest 341 m).

Search radius
🍽️Dining1
🏫Education1
🏥Healthcare2
🛒Shopping1
🌳Parks6
Worship2

Crime & Safety

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%

Sales History

Sold 5/2024CA$200k–250k
Sold price

Same street

Top 44%

Same area

Top 19%

City-wide

Bottom 21%
Sold 6/2021CA$200k–250k
Sold price

Same street

Top 41%

Same area

Top 18%

City-wide

Bottom 21%

Related homes

Highlights & common questions: 566 Polson Avenue, Winnipeg

Property Overview & Key Characteristics

This one-and-a-half storey home on Polson Avenue is a practical and well-positioned property in the Inkster-Faraday neighbourhood. Built in 1945, it offers 1,176 sqft of living space with a renovated basement and a detached garage. Its appeal lies in its solid local standing: the living area is above average for both the street and the immediate area, offering more space than many comparable homes nearby. The assessed value is also notably strong within the neighbourhood, ranking in the top 22%. This suggests a property that is well-maintained and perceived as a good value within its community context.

The home would suit first-time buyers or practical investors looking for a character home with modernized essentials in a stable, established area. It’s for someone who values being above the neighbourhood average in key metrics rather than seeking a city-wide standout. The detached garage and renovated basement add functional space, appealing to those who need workshop storage or extra living areas.

Frequently Asked Questions

What does the ranking data actually mean for a buyer?
It shows the home is a strong performer within its immediate community. While its size and value are average or below when compared to the entire city—common for established central neighbourhoods—it stands out positively on its own street and in Inkster-Faraday. This indicates a good relative value in its local market.

Is the sold price history complete?
The listed sale ranges from 2021 and 2024 are based on public data. To obtain the exact sold prices, you must request them via email from the site. This is a manual process they use to verify accuracy and initiate contact.

How does the assessed value relate to market price?
The assessed value ($23,600) is for municipal tax purposes and is typically much lower than market value in Winnipeg. The more relevant figure is its high rank (Top 22%) within the neighbourhood, indicating it is assessed higher than most nearby homes, which often correlates with better condition or features.

What is the significance of the “renovated basement”?
While the detail is not specified, a renovated basement in a home of this era adds valuable finished living space and suggests updated essential systems. It’s a key functional upgrade that adds versatility, whether for family space, a rental suite, or storage.

Are the comparable listings provided truly similar?
The site shows properties with identical assessed values first, which are administrative matches, not necessarily similar in style or location. The "Worth viewing" and "Nearby properties" sections are more useful for gauging the immediate area's character and price points.

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