Property score
35.6
Below average
Overall 35.6 · Smaller than most nearby homes
795 sqft (bottom 26%) · Built in 1913 (17 yrs older than avg)
Located in a above-average income area with median household income of ~62.8k
Transit 80.0 · 4-min walk to transit with 3 nearby routes · Within 500m: 1 dining spot, 3 schools, 2 healthcare facilitys, and 4 shops nearby
Living Area
Below average
22% smaller than neighborhood avg.
Year Built
Below average
17 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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35.6 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
689 Redwood Avenue — 19 amenities found within 500 m, across 8 categories, including 1 dining (nearest 422 m), 3 education (nearest 263 m), 2 healthcare (nearest 301 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 17% | Bottom 5% | Bottom 1% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Property Overview
This one-and-a-half storey home at 689 Redwood Avenue is a compact, century-old property that presents a clear value-oriented opportunity. Its primary appeal lies in its extremely low financial barriers, both in terms of its assessed value and its historical sale prices. The home is modest in scale at 795 sq ft, with an unfinished basement and no garage, situated on a smaller urban lot. It suits a very specific buyer: those seeking absolute minimum entry into the Winnipeg market, investors looking for a low-cost rental property, or individuals comfortable with a home that requires modernization and offers basic, functional space rather than modern amenities.
A thoughtful perspective on this property is to view it not just as a small house, but as a land play in an established neighbourhood. While the lot is below average in size for the city, it represents the majority of the property's value. For a buyer with renovation skills or a long-term vision, the low initial cost provides significant room to invest in improvements over time. It’s a property defined by potential and practicality, not by immediate comfort or finish.
Frequently Asked Questions
1. Why is the assessed value so much lower than the citywide average?
The assessed value is based on the property's current state, size, and market area. This home's very modest square footage, age, and lack of renovations place it in a different category than the average Winnipeg home, resulting in a proportionally lower assessment.
2. What should I budget for beyond the purchase price?
Given the home's age (built in 1913) and unrenovated basement, prospective buyers should budget for potential updates to essential systems like wiring or plumbing, as well as general maintenance. Heating costs and potential efficiency upgrades are also key considerations for an older home.
3. Is the unfinished basement a drawback or an opportunity?
It's both. It means no finished living space is currently available, which affects livable square footage. However, it also presents a blank canvas for future development—such as adding a laundry area, storage, or even extra living space—without the need to demolish existing finishes.
4. Who would this property not be suitable for?
It would likely not suit a family needing multiple bedrooms or ample living space, anyone seeking a move-in ready home with modern conveniences, or buyers who prioritize private parking, as there is no garage.
5. How meaningful are the "top percentile" rankings provided?
These rankings are useful for comparison. They clearly show this home is significantly below citywide averages for size and value, but is more typical when compared just to its immediate neighbourhood and street. This indicates you are looking at a smaller, more affordable segment of the local market.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
