55.2
Fair
Property score
55.2
Fair
Overall 55.2
Larger but older than most nearby homes
1,265 sqft (top 19%)
Built in 1912 (18 yrs older than avg)
Located in a above-average income area
with median household income of ~62.8k
Transit 88.0
1-min walk to transit with 3 nearby routes
Within 500m: 1 dining spot, 2 schools, 2 healthcare facilitys, and 2 shops nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Above average
23% larger than neighborhood avg.
Year Built
Below average
18 yrs older than neighborhood avg.
Mother tongue
English · 76%Tagalog · 10%
Past 10 years Inkster-Faraday sales snapshot (~80% of all data)
538
247.5k
$193/sqft
1930
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55.2 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: #46110909
$63K
Median household income
$74K
Average household income
13%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.3
P90 / P10 ratio
31%
Single-person households
20%
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
574 Machray Avenue — 14 amenities found within 500 m, across 6 categories, including 1 dining (nearest 169 m), 2 education (nearest 236 m), 2 healthcare (nearest 67 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 23% | Top 46% | Bottom 11% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 574 Machray Avenue
Section 1: Key Characteristics & Appeal
This is a classic two-storey home built in 1912, offering 1,265 sqft of living space with a renovated basement and a detached garage. Its appeal lies in its practical, no-frills character within the Inkster-Faraday neighbourhood. The home presents a straightforward opportunity: it's a functional living space that ranks as above-average in size for its immediate area, yet carries a below-average assessed value compared to the rest of the city. This combination suggests potential value for a specific buyer.
The property would suit a pragmatic first-time homebuyer or an investor looking for a solid, uncomplicated entry into the Winnipeg market. It’s for someone who values the established, quiet feel of a century-old street and sees the renovated basement as a ready-to-use space, not a project. A less obvious perspective is that its smaller lot (3,897 sqft) and older age mean lower property taxes and less exterior maintenance than many newer, suburban homes, which can be a hidden financial benefit. This isn't a luxury property; it's a grounded, working-class home that offers the fundamentals of ownership without premium costs.
Section 2: Frequently Asked Questions
1. Is the price fair given the home's age?
The assessed value is notably below the citywide average, which typically reflects factors like the home's age (1912), smaller lot size, and the neighbourhood's market. This creates a lower entry point, but buyers should budget for the maintenance inherent to any 114-year-old structure.
2. What does "renovated basement" mean?
While the listing confirms the basement is renovated, specifics on the finish quality, permits, and moisture control are not provided. This should be a key point for inspection and discussion with the seller.
3. How does this home compare to others on the street?
It has more living space than many homes on Machray Avenue but sits on a smaller lot. Its assessed value is also lower than the street average, which could indicate either a value opportunity or that the home lacks some updates found in neighbouring properties.
4. What are the typical utility costs for a home of this age?
Older homes can have higher heating costs due to less efficient original construction. Prospective buyers should inquire about the age of the furnace, windows, and insulation to estimate monthly utilities accurately.
5. Is the detached garage in good condition?
The listing notes a detached garage but does not detail its size, condition, or electrical service. Given the home's age, the garage likely requires its own evaluation for soundness and potential repair costs.
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