Property score
58.6
Fair
Overall 58.6 · Larger than most nearby homes
1,760 sqft (top 2%) · Built in 1914 (16 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 3 shops nearby
Living Area
Above average
72% larger than neighborhood avg.
Year Built
Near average
16 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
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
58.6 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
697 Redwood Avenue — 17 amenities found within 500 m, across 8 categories, including 1 dining (nearest 399 m), 3 education (nearest 241 m), 2 healthcare (nearest 272 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 31% | Bottom 11% | Bottom 2% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 697 Redwood Avenue
Key Characteristics & Appeal
This two-storey home, built in 1914, presents a unique profile defined by clear contrasts. Its primary appeal lies in its generous 1,760 sqft of living space, which ranks within the top 3% of homes on its street and the top 2% within the Inkster-Faraday neighbourhood. This offers significant interior room for the area, a notable advantage for those needing space. However, this comes with a very modest assessed value and a compact 2,283 sqft lot, both of which rank below average locally and citywide. The home has a basement but it is not renovated, and there is no garage or pool.
This property would suit a specific type of buyer: someone with a solid renovation budget who prioritizes interior square footage over lot size and is looking for a value-entry point into the market. It’s a practical project for an investor or homeowner comfortable with updating an older home, where the investment goes into modernization rather than purchasing premium land. The appeal is grounded in potential and space, not in turn-key condition or outdoor amenities.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
Assessed value is based on a municipal evaluation for tax purposes, not market price. This lower assessment primarily reflects the home’s age, the compact lot size, and the neighbourhood’s property values compared to the wider city. It often translates to relatively lower property taxes, which is a practical advantage.
2. What does "Elite" ranking for living area mean?
It means the home’s interior square footage is larger than 97-98% of comparable homes in its immediate neighbourhood. While the house itself requires work, you are getting above-average interior space for the area, which is a key asset.
3. Is the unrenovated basement a major concern?
It depends on your plans. It indicates the home needs modernization throughout. For a buyer planning significant renovations, it’s a blank slate. However, it does mean immediate systems (like plumbing, electrical, or foundation) should be thoroughly inspected, as updates have likely been deferred.
4. How important is the smaller lot size?
This is a key trade-off. The lot provides minimal outdoor space, which may not suit those wanting a large yard or extensive gardening. The benefit is less exterior maintenance. Your focus here would be on the interior living space.
5. The home last sold in 2017 for a low price. Does that affect its value today?
Previous sale prices are historical data and reflect the market and condition at that time. The more relevant considerations are its current condition, recent comparable sales in the area, and the cost of needed renovations to bring it to modern standards.
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.
