Property score
36.8
Below average
Overall 36.8 · Smaller and older than most nearby homes
680 sqft (bottom 11%) · Built in 1914 (34 yrs older than avg)
Located in a average-income area with median household income of ~59.2k
Transit 86.0 · 3-min walk to transit with 4 nearby routes · Within 500m: 3 dining spots, 1 school, 3 shops, and 5 parks nearby
Living Area
Below average
34% smaller than neighborhood avg.
Year Built
Below average
34 yrs older than neighborhood avg.
Mother tongue
English · 51%Tagalog · 20%
Past 10 years Jefferson sales snapshot (~80% of all data)
1,026
320k
$314/sqft
1948
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36.8 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: #46110014
$59K
Median household income
$69K
Average household income
14%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.8
P90 / P10 ratio
38%
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
241 Royal Avenue — 13 amenities found within 500 m, across 5 categories, including 3 dining (nearest 228 m), 1 education (nearest 64 m), 3 shopping (nearest 250 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%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 3% | Bottom 1% | Bottom 2% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 241 Royal Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1914, presenting a straightforward opportunity in Winnipeg's Jefferson neighbourhood. Its key characteristic is its exceptionally low municipal assessed value, which ranks in the top 1-2% lowest for its street and area. At 680 sqft, the living space is modest and below local averages. The home features a detached garage and a full, unrenovated basement on a standard city lot.
The primary appeal lies in its position as an entry-point property. It suits buyers with very specific goals: investors or handy owner-occupants looking for a low-cost foothold in the market. The low assessment suggests correspondingly low property taxes, which is a significant, ongoing financial advantage. It’s a candidate for a complete renovation, a hold-as-is rental, or a land-value play for the future. This isn't a move-in-ready home; its value is in its potential and its low barrier to entry, making it suitable for those with renovation skills, patience, or a strategic investment plan who are less concerned with immediate modern comforts.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The assessed value is based on the property's current state, age, and characteristics. Given the home's smaller size, age (112 years), and unrenovated condition—including the basement—the city's assessment reflects its current market position as a fixer-upper rather than a comparable, updated home.
2. What does "Top 99%" mean for the assessed value ranking?
This percentile ranking means the property's assessed value is lower than approximately 99% of comparable properties on its street. In simpler terms, it is among the very least expensive properties by official valuation in its immediate area.
3. Is this a teardown candidate?
While the home is very old and modest, its assessed value doesn't automatically make it a prime teardown. That decision depends on local zoning, the structural condition of the existing house, and the cost of new construction versus renovation. A thorough inspection is essential to evaluate this option.
4. How reliable are the sold price ranges from 2017?
The provided ranges are estimates based on public data. For precise historical sale figures to inform your offer, you must request the exact data via the provided email service, as noted in the details.
5. What should I budget beyond the purchase price?
Prospective buyers should immediately budget for a comprehensive inspection and consider costs for essential updates (roof, wiring, plumbing, heating) and potential basement remediation. Given the age and condition, significant ongoing maintenance should be expected.
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