42.6
Below average
Property score
42.6
Below average
Overall 42.6
Smaller than most nearby homes
609 sqft (bottom 2%)
Built in 1947 (1 yr older than avg)
Located in a above-average income area
with median household income of ~73k
Transit 94.0
1-min walk to transit with 4 nearby routes
Within 500m: 3 dining spots, 1 school, 2 shops, and 7 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
41% smaller than neighborhood avg.
Year Built
Below average
1 yrs older than neighborhood avg.
Mother tongue
English · 66%Tagalog · 18%
Past 10 years Jefferson sales snapshot (~80% of all data)
1,026
320k
$314/sqft
1948
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42.6 is composed by the two sections below.
Property Score
Community Score
Jefferson
How to read: Share of sales in each ~$50k price band for “jefferson” (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: #46110015
$73K
Median household income
$77K
Average household income
9%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.5
P90 / P10 ratio
31%
Single-person households
23%
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
204 Leila Avenue — 14 amenities found within 500 m, across 5 categories, including 3 dining (nearest 275 m), 1 education (nearest 296 m), 2 shopping (nearest 154 m).
Jefferson · WPS public data · 2026
Annual incidents
40
2026
vs. city avg
+36%
relative to avg
Year-over-year
▼ -94%
vs. prior year
Primary type
Property
80%
Local garbage, recycling, and yard waste pickup schedule for 204 Leila Avenue.
Garbage
wednesday
Recycling
wednesday
Yard Waste
wednesday a
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Bottom 1% | Bottom 1% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Property Overview: 204 Leila Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home in Winnipeg's Jefferson neighbourhood, built in 1947. Its key characteristic is its exceptionally low financial barrier to entry, with an assessed value significantly below local and city-wide averages. The living space is modest at 609 sq ft, placing it among the smallest homes in comparison groups, but it sits on a standard-sized lot of just under 5,000 sq ft.
The primary appeal lies in its potential as an affordable entry point into homeownership or as a strategic investment property. It suits buyers with very limited budgets, investors looking for a low-cost rental property, or those interested in the value of the land itself for future redevelopment. A less obvious perspective is its appeal to minimalists or those seeking a lifestyle unburdened by high housing costs, where the focus is on location and lot rather than interior space. The detached garage adds practical utility often missing in this price range.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than other homes?
The assessed value reflects the property's very small size (609 sq ft) and age. It is priced as a basic, no-frills structure, with the value heavily weighted toward the land component.
2. Is this a "teardown" or a liveable home?
While the data suggests it's a functional house, its size and valuation indicate it may be dated or in need of updates. It could be a liveable starter home for the right buyer, but its long-term potential may indeed be as a land investment.
3. What are the ongoing costs like?
Property taxes would be very low due to the low assessed value, a significant financial advantage. Utility costs for heating and maintaining a small, older home should also be relatively modest.
4. How does the recent sale history affect its value?
It last sold between $9.5k-$12.5k in 2019. This history confirms its position as an ultra-affordable property and suggests any appreciation will be tied to land value or significant improvement, not the structure itself.
5. Who would this property not suit?
It would not suit families needing space, buyers unwilling to handle potential renovations, or those seeking a home that will see rapid appreciation based on the existing structure. It is a pragmatic purchase, not a turn-key family home.
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