Property score
38.9
Below average
Overall 38.9 · Smaller than most nearby homes
686 sqft (bottom 11%) · Built in 1935 (5 yrs newer than avg)
Located in a above-average income area with median household income of ~74k
Transit 74.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 2 dining spots, 3 schools, 2 healthcare facilitys, and 2 shops nearby
Living Area
Below average
33% smaller than neighborhood avg.
Year Built
Near average
5 yrs newer than neighborhood avg.
Mother tongue
English · 56%Tagalog · 28%
Past 10 years Inkster-Faraday sales snapshot (~80% of all data)
538
247.5k
$193/sqft
1930
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38.9 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: #46110921
$74K
Median household income
$84K
Average household income
10%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.5
P90 / P10 ratio
28%
Single-person households
34%
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
783 Redwood Avenue — 13 amenities found within 500 m, across 7 categories, including 2 dining (nearest 288 m), 3 education (nearest 176 m), 2 healthcare (nearest 123 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 14% | Bottom 4% | Bottom 1% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Property Overview & Key Characteristics
This one-and-a-half storey home at 783 Redwood Avenue is a compact, no-frills property built in 1935. Its primary appeal lies in its position as one of the most accessible entry points into the Winnipeg market, underscored by a very low assessed value. With 686 square feet of living space and a 2,284 sqft lot, it is notably smaller than area averages, presenting a minimalist footprint. The home features a basement (not renovated) and a detached garage.
Its suitability is for a specific buyer: investors or handy first-time purchasers with realistic expectations and a focus on location over size. The appeal is not in its current condition or space, but in its potential as a foundational asset in a central neighbourhood. It represents a low-barrier opportunity for someone looking to build equity through gradual improvements or to secure a rental property with a modest initial outlay. The data suggests it’s a property that prioritizes function and affordability over comfort or modern amenities.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the home’s smaller size, age, and likely its condition relative to the broader market. It is characteristic of compact, older homes in central neighbourhoods, indicating a property valued primarily for its land and location rather than its structure.
2. What does "below average" for living area mean for daily living?
With 686 sqft, the home is significantly cozier than the typical Winnipeg house. It would require efficient use of space and is best suited for a single person, a couple, or an investor. It’s not designed for a growing family or those who need ample room.
3. Is the unrenovated basement a major concern?
It depends on your plans. The notation "not renovated" suggests it’s in original or utilitarian condition. It should be inspected for moisture and structural integrity. For an investor or budget buyer, it may offer raw storage or future potential, but it is not move-in-ready finished living space.
4. How does the lot size impact future possibilities?
At 2,284 sqft, the lot is smaller than most in the area. This limits possibilities for large additions or extensive outdoor amenities. However, it also means less maintenance and could be appealing for those seeking a low-upkeep property.
5. The sold price history shows a range from 2016. How useful is that for today’s market?
While it provides historical context, a sale from nearly a decade ago is not a reliable indicator of current value. Market conditions, interest rates, and the property’s condition have likely changed. It primarily shows the home’s long-standing position as an affordable option.
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