Property score
59.8
Fair
Overall 59.8 · Smaller than most nearby homes
897 sqft (bottom 15%) · Built in 1955 (1 yr newer than avg)
Located in a high-income area with median household income of ~97k
Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 4 dining spots, 1 school, 2 healthcare facilitys, and 1 shop nearby
Living Area
Below average
20% smaller than neighborhood avg.
Year Built
Near average
1 yrs newer than neighborhood avg.
Mother tongue
English · 69%Tagalog · 2%
Past 10 years J. B. Mitchell sales snapshot (~80% of all data)
123
375k
$469/sqft
1954
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59.8 is composed by the two sections below.
Property Score
Community Score
J. B. Mitchell
How to read: Share of sales in each ~$50k price band for “j. b. mitchell” (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: #46110370
$97K
Median household income
$116K
Average household income
5%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.9
P90 / P10 ratio
31%
Single-person households
21%
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
504 Lanark Street — 13 amenities found within 500 m, across 7 categories, including 4 dining (nearest 83 m), 1 education (nearest 349 m), 2 healthcare (nearest 358 m).
J. B. Mitchell · WPS public data · 2026
Annual incidents
3
2026
vs. city avg
-90%
relative to avg
Year-over-year
▼ -98%
vs. prior year
Primary type
Property
67%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 44% | Top 37% | Top 40% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 504 Lanark Street, Winnipeg
Key Characteristics & Appeal
This one-storey home in the J.B. Mitchell neighbourhood presents a practical and straightforward opportunity. Its key characteristic is a modest 897 sqft living area, which is notably compact compared to most local and city-wide averages. This is balanced by a fully renovated basement, adding functional space, and a detached garage. The lot size is a genuine asset, being above average for the immediate area at nearly 6,000 sqft, offering valuable outdoor space or future potential in a mature neighbourhood.
The appeal lies in its efficiency and value. With an assessed value that is competitive and above average for J.B. Mitchell, it represents an accessible entry point into the market. The recent basement renovation adds move-in-ready appeal without the premium of a fully updated main floor. It suits first-time buyers seeking a manageable footprint with room to grow into the basement or yard, downsizers looking for a single-level layout without a large interior to maintain, or value-focused investors interested in a character home with solid fundamentals and a generous lot.
A less obvious perspective is that a home of this size and vintage on a larger lot can offer flexibility; the land itself is a significant portion of the asset here. It’s a property where the lifestyle might revolve more around the neighbourhood and outdoor space than within the walls of the compact main floor.
Frequently Asked Questions
1. Is the house itself small?
Yes. The 897 sqft living area is below average for the street, neighbourhood, and city. The renovated basement provides additional functional space, but the main floor footprint is compact.
2. What does the "above average" assessed value ranking mean for J.B. Mitchell?
It indicates that for this specific neighbourhood, the home’s official assessed value is in the top 24% of comparable properties. This can suggest the property is viewed favorably relative to its local peers, possibly due to the lot size, renovation, or condition.
3. How updated is the home?
The listing confirms a renovated basement. The main floor, given the home's 1955 build date, likely retains its original character unless otherwise stated. A viewing is essential to determine the condition of the kitchen, bathroom, and systems.
4. Who would this property not suit?
It may not suit buyers who prioritize spacious, open-concept main floor living or those with a large family needing multiple bedrooms on one level. The layout and size require a willingness to utilize the basement space effectively.
5. Why is the lot size important here?
The lot is larger than many in the immediate area. This provides more private outdoor space, better potential for gardening or additions, and can contribute to the property's long-term value relative to its neighbours.
