Property score
49.3
Below average
Overall 49.3 · Newer than most nearby homes
882 sqft (bottom 38%) · Built in 2023 (93 yrs newer than avg)
Located in a above-average income area with median household income of ~62.8k
Transit 82.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 3 schools, 3 shops, 3 parks, and 1 bank/ATM nearby
Living Area
Below average
14% smaller than neighborhood avg.
Year Built
Above average
93 yrs newer than neighborhood avg.
Mother tongue
English · 55%Tagalog · 26%
Past 10 years Inkster-Faraday sales snapshot (~80% of all data)
538
247.5k
$193/sqft
1930
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49.3 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: #46110922
$63K
Median household income
$79K
Average household income
17%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.9
P90 / P10 ratio
27%
Single-person households
25%
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
617 Redwood Avenue — 16 amenities found within 500 m, across 6 categories, including 3 education (nearest 258 m), 3 shopping (nearest 201 m), 3 parks (nearest 273 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 | Top 9% | Top 9% | Bottom 29% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This 2023-built bi-level home at 617 Redwood Avenue presents a distinct profile. Its primary appeal lies in being a modern, low-maintenance property within a neighborhood of much older homes. At 882 sqft with a renovated basement, it offers efficient, contemporary living space. The assessed value of $330k ranks in the elite top 3% for its immediate street and area, suggesting it is a high-value outlier in its local context. However, the lot size is notably compact, ranking in the bottom 10% locally, which is a key trade-off for the new construction. This home would suit first-time buyers or downsizers seeking a modern, turn-key property without the upkeep of an older home, and who prioritize interior condition over outdoor space. It’s less suited for those wanting a large yard, extensive gardens, or traditional neighborhood character.
Frequently Asked Questions
1. Why is the assessed value so high compared to nearby homes?
The value reflects the home's new construction (2023) in an area where most homes are decades older. Modern building standards, materials, and systems, along with the renovated basement, contribute to a significantly higher valuation than the neighborhood's older housing stock.
2. What are the implications of the smaller lot size?
The compact lot (2,282 sqft) means minimal exterior maintenance and lower landscaping costs. However, it also limits potential for additions, extensive outdoor recreation space, or privacy from neighbors. It's a practical choice for those who don't want yard work, but a compromise for those who do.
3. Is the $330k assessment close to the expected market price?
While assessments are for tax purposes and not a direct market appraisal, its elite ranking locally indicates it should command a price well above area averages. The exact 2023 sale price (available upon request) would provide the most relevant benchmark for its market value.
4. What does the "bi-level" design mean for daily living?
A bi-level typically has living areas split over two short flights of stairs. This can create a sense of separation between sleeping and living zones in a compact footprint, but may not be ideal for those seeking single-level living or with significant mobility concerns.
5. How does this home fit into the Inkster-Faraday neighborhood?
It is a modern anomaly on a street of predominantly mid-20th century homes. Owners will benefit from new-home warranties and efficiency, but won't experience the established, mature streetscape typical of the area. It represents the neighborhood's ongoing evolution.
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