Property score
72.9
Good
Overall 72.9 · Larger and newer than most nearby homes
1,246 sqft (top 24%) · Built in 1956 (2 yrs newer than avg)
Located in a high-income area with median household income of ~97k
Transit 80.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 4 dining spots, 1 school, 2 healthcare facilitys, and 1 shop nearby
Living Area
Above average
11% larger than neighborhood avg.
Year Built
Above average
2 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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72.9 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
508 Lanark Street — 13 amenities found within 500 m, across 7 categories, including 4 dining (nearest 97 m), 1 education (nearest 336 m), 2 healthcare (nearest 365 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 38% | Top 32% | Top 36% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This one-and-a-half storey home at 508 Lanark Street in Winnipeg’s J.B. Mitchell neighbourhood presents a practical and well-situated opportunity. Built in 1956, it features 1,246 sqft of living space, a renovated basement, and a detached garage on a roughly 5,940 sqft lot. Its appeal lies in its solid, middle-of-the-road metrics: it consistently ranks around the average or slightly above for its immediate area in terms of living space, lot size, and assessed value. This suggests a home that is comfortably in line with its surroundings rather than an outlier. It would suit a first-time buyer or a downsizer looking for a manageable, established home in a mature neighbourhood without the premium price of a newer or significantly larger property. A thoughtful perspective is that its "average" standings across the board can be a mark of stability and predictability, potentially offering a lower-risk entry into the market.
Frequently Asked Questions
What does the "around average" ranking actually mean for a buyer?
It means this property’s key features—like size, lot, and value—are very typical for the Lanark Street area and J.B. Mitchell. You’re not paying a premium for top-tier stats, nor are you compromising significantly. It indicates a stable, predictable investment within the local context.
Is the renovated basement a full suite?
The listing notes a renovated basement but does not specify it as a legal suite. Buyers should clarify the nature of the renovation, its permits, and whether it’s configured as a rental unit, which would impact utility and value.
How does the 2021 sale price relate to the current assessed value?
The home sold in June 2021 for an estimated range of $36.5k-$39.5k. The current assessed value is $40.30k. This indicates a relatively stable value in recent years, with the assessment being slightly above the last known sale price.
What are the implications of the home's age (1956)?
While the home is older, it is newer than many in J.B. Mitchell (ranking in the top 14% for year built in the neighbourhood). This suggests potentially fewer immediate concerns with very aged infrastructure compared to area peers, though a standard inspection for a home of this era is still essential.
How does the detached garage affect the property?
A detached garage offers flexible use for parking, storage, or a workshop. It also provides more backyard space compared to an attached structure or a larger footprint home, which could be a plus for gardening or outdoor activities.
