45.2
Below average
Property score
45.2
Below average
Overall 45.2
Older than most nearby homes
1,000 sqft (top 50%)
Built in 1910 (20 yrs older than avg)
Located in a above-average income area
with median household income of ~65k
Transit 74.0
2-min walk to transit with 2 nearby routes
Within 500m: 3 schools, 3 shops, 3 parks, and 1 bank/ATM nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
2% smaller than neighborhood avg.
Year Built
Below average
20 yrs older than neighborhood avg.
Mother tongue
English · 65%Tagalog · 24%
Past 10 years Inkster-Faraday sales snapshot (~80% of all data)
538
247.5k
$193/sqft
1930
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45.2 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: #46110920
$65K
Median household income
$67K
Average household income
23%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
21%
Single-person households
30%
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
640 College Avenue — 17 amenities found within 500 m, across 6 categories, including 3 education (nearest 336 m), 3 shopping (nearest 100 m), 3 parks (nearest 394 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 38% | Bottom 31% | Bottom 5% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 44% | Bottom 35% | Bottom 6% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 640 College Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1910, presents a classic Winnipeg character property with practical considerations. Its key characteristic is its modest, efficient scale: at 1,000 sqft of living space on a 2,276 sqft lot, it sits comfortably within the averages for its immediate Inkster-Faraday neighbourhood. This suggests a home that is manageable in size and likely aligned with typical area values, as reflected in its assessed value of $16,800.
The appeal lies in its position as an affordable entry point into the housing market, particularly for a stand-alone house with a detached garage. It suits first-time buyers, investors, or downsizers seeking a lower-maintenance footprint without condo fees. A thoughtful perspective is that its smaller lot size, while below average, translates to less exterior upkeep. The home’s age (116 years) indicates a need for due diligence on systems and structure, but it also represents a piece of local history with potential for someone interested in a straightforward, no-frills property that hasn’t been extensively renovated. The recent sale history shows stable value in its range, suggesting a predictable, grounded investment in a well-established community.
Section 2: Frequently Asked Questions
1. Is the basement finished?
No, the basement is noted as "not renovated," meaning it is likely in an unfinished or utility state.
2. How does the property compare to others in the area?
For living space and assessed value, it ranks around the middle compared to homes on its street and in the wider Inkster-Faraday neighbourhood. Its lot size is notably smaller than area averages.
3. What is the significance of the assessed value being so much lower than the citywide average?
The citywide average assessed value is skewed by including all property types, including newer and much larger homes across Winnipeg. The assessed value of $16,800 is directly comparable to similar, modest homes in this specific area, as shown in the "Same area" rankings.
4. Has the property sold recently?
Available data indicates it sold in October 2020 and previously in June 2016. The exact sale prices are not publicly listed but can be requested from the site.
5. What are the potential considerations due to the home's age?
Built in 1910, prospective buyers should budget for and investigate the condition of major aging components, such as the roof, plumbing, electrical wiring, and foundation, which may require updates or repairs.
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