Property score
29.8
Below average
Overall 29.8 · Smaller and older than most nearby homes
512 sqft (bottom 1%) · Built in 1910 (20 yrs older than avg)
Located in a above-average income area with median household income of ~62.8k
Transit 74.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 3 schools, 2 healthcare facilitys, 3 shops, and 3 parks nearby
Living Area
Below average
50% smaller than neighborhood avg.
Year Built
Below average
20 yrs older 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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29.8 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
643 Redwood Avenue — 18 amenities found within 500 m, across 7 categories, including 3 education (nearest 255 m), 2 healthcare (nearest 457 m), 3 shopping (nearest 217 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 3% | Bottom 1% | Bottom 1% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 643 Redwood Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Redwood Avenue in the Inkster-Faraday neighbourhood is defined by its practicality and position as an entry point into the Winnipeg market. Its key characteristic is its compact size, with a living area of 512 sqft that places it among the smallest homes in the city. The home, built in 1910, sits on a modest 2,283 sqft lot and features a renovated basement and a detached garage.
The appeal lies squarely in affordability and simplicity. With a very low assessed value, it represents one of the most accessible homeownership opportunities available. It suits a specific type of buyer: those seeking absolute minimal upkeep, such as first-time buyers wanting to build equity with a very low barrier to entry, or investors looking for a straightforward rental property. Its renovated basement adds functional space, which is a significant asset in a home of this size. A thoughtful perspective is that a home of this scale and age offers a lifestyle of intentional simplicity—it necessitates minimalism and efficient use of space, which can be a draw for those looking to reduce their footprint and expenses dramatically.
Section 2: Frequently Asked Questions
1. Is this a full-sized house?
No. At 512 sqft of living space, this is a very compact, one-storey home. It is significantly smaller than the average Winnipeg house, which is over 1,300 sqft. The layout and use of space will be efficient.
2. Why is the assessed value so much lower than the city average?
The assessed value reflects the home's very small size, age, and the local market context in Inkster-Faraday. It is consistently ranked in the bottom tier of properties city-wide for value, which directly correlates with its affordability.
3. What does having a "renovated basement" mean for a house this size?
The renovated basement is a crucial feature, effectively doubling the usable living area. It provides essential extra space for utilities, storage, or potentially a secondary living area, making the overall property more functional than the main floor square footage alone suggests.
4. Who would this property not be suitable for?
It would likely not suit families needing multiple bedrooms, anyone who works extensively from home requiring dedicated office space, or buyers who accumulate a lot of possessions. The compact living requires a conscious lifestyle fit.
5. The sold price history shows a range of $5.5k to $8.5k. Is that accurate?
The listed range is based on public data. For the exact, verified sold price, you must request it directly via the provided email service. This is a common practice for properties where precise sales data is not fully disclosed in public records.
