Property score
48.5
Below average
Overall 48.5 · Compared with neighbourhood average
1,040 sqft (top 46%) · Built in 1914 (16 yrs older than avg)
Located in a above-average income area with median household income of ~65k
Transit 80.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 1 dining spot, 3 schools, 2 healthcare facilitys, and 2 shops nearby
Living Area
Near average
2% larger than neighborhood avg.
Year Built
Near average
16 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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48.5 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
721 College Avenue — 14 amenities found within 500 m, across 8 categories, including 1 dining (nearest 293 m), 3 education (nearest 133 m), 2 healthcare (nearest 358 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 48% | Bottom 37% | Bottom 7% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 721 College Avenue, Winnipeg
Key Characteristics & Appeal
This two-storey home on College Avenue in the Inkster-Faraday neighbourhood presents a practical and straightforward opportunity. Built in 1914, its 1,040 sqft living area and 3,625 sqft lot are very typical for its immediate street and area, offering a sense of consistency and predictability in the local market. A key feature is its renovated basement, adding functional living space, and it includes a detached garage. The home’s assessed value is modest and aligns with area averages, though it sits below the citywide benchmark, which may indicate a more accessible entry point into homeownership.
Its primary appeal lies in its role as a solid, no-frills property in an established community. It suits first-time buyers or investors looking for a character home with foundational updates (like the basement) without a premium price tag. A thoughtful perspective is that its "average" metrics within the neighbourhood could be a stability advantage, insulating it from being overvalued compared to immediate comparables. It’s a home for those who value function and location over modern size or luxury, possibly appealing to someone interested in the history and character of a century-old structure.
Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its permitted use with the city and clarify if it meets all safety and zoning requirements for a rental unit.
2. How does the assessed value relate to the likely selling price?
The assessed value for taxation purposes ($18,400) is historically very low and should not be used as a market price indicator. Market value will be determined by recent sales of similar homes, condition, and demand. The sold price history for this property shows a range from $155k to $185k in late 2016.
3. What should I consider with a home built in 1914?
While the renovated basement is a plus, a home of this age will likely have older components. A thorough inspection is essential to understand the condition of the original foundation, plumbing, electrical systems, and the roof.
4. How does this property compare to others on the same street?
The data shows this home is very middle-of-the-road for College Avenue in terms of size, lot, and value. It is not an outlier, suggesting maintenance and upgrade costs should be in line with what neighbours experience.
5. Why is the citywide assessed value comparison so different?
The "below average" citywide ranking is based on a comparison against all Winnipeg properties, including newer suburban homes on larger lots. This highlights that this property offers a classic, compact urban footprint at a value distinct from the broader city average.
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