Property score
71.7
Good
Overall 71.7 · Newer than most nearby homes
1,105 sqft (top 42%) · Built in 1956 (2 yrs newer than avg)
Located in a high-income area with median household income of ~97k
Transit 80.0 · 4-min walk to transit with 3 nearby routes · Within 500m: 4 dining spots, 2 schools, 1 shop, and 1 bank/ATM nearby
Living Area
Near average
1% smaller 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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71.7 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
588 Lanark Street — 8 amenities found within 500 m, across 4 categories, including 4 dining (nearest 358 m), 2 education (nearest 105 m), 1 shopping (nearest 413 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 26% | Top 17% | Top 25% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 588 Lanark Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in the J.B. Mitchell neighbourhood presents a practical and value-oriented opportunity. Built in 1956, its key strength lies in its above-average land size (approximately 6,600 sqft), offering more outdoor space than most comparable lots in the area and citywide. The living area of 1,105 sqft is competitively sized for the locale. A significant feature is the renovated basement, which adds functional living space. The home includes a detached garage.
Its appeal is grounded in solid fundamentals: a generous lot in a mature neighbourhood, updated essentials (the basement), and an assessed value that positions it above average for its immediate area. This suggests a property that has been maintained in line with or ahead of area norms. It would suit first-time buyers seeking a manageable single-level layout with room to grow outdoors, or value-focused investors looking for a property with a strong underlying land value and recent updates to key areas. The detached garage is a plus for those with hobbies, storage needs, or multiple vehicles.
Section 2: Frequently Asked Questions
1. What does the "above average" assessed value actually indicate?
The data shows the home's assessed value ranks in the top 30% on its street and in the neighbourhood. This typically reflects recent improvements (like the basement renovation) and desirable attributes (like lot size) compared to nearby homes, not just market inflation.
2. Is the renovated basement a legal suite?
The listing states the basement is renovated but does not specify it as a legal secondary suite. Buyers should verify its permitted use with the city and ensure renovations meet all building code and safety standards.
3. How does the 1956 build year affect the home?
While the home is older, its assessed value ranking suggests it has been kept competitive. Buyers should still prioritize inspections for era-specific items like original plumbing, electrical, and insulation, balanced against the character and established lot that come with a mature property.
4. What is the significance of the lot size being "above average"?
A lot larger than the neighbourhood norm provides more privacy, yard space, and future potential (like additions or landscaping projects) than many nearby properties. It's a fixed asset that contributes significantly to the property's long-term value.
5. Where can I find exact historical sale prices?
The listed sale price ranges are estimates from public data. The seller provides a service to share the exact sale price history upon request via email, which can give a clearer picture of the property's market trajectory.
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