Property score
33.8
Below average
Overall 33.8 · Older than most nearby homes
863 sqft (bottom 32%) · Built in 1915 (33 yrs older than avg)
Located in a average-income area with median household income of ~46.8k
Transit 86.0 · 4-min walk to transit with 4 nearby routes · Within 500m: 1 school, 2 shops, 5 parks, and 1 bank/ATM nearby
Living Area
Below average
16% smaller than neighborhood avg.
Year Built
Below average
33 yrs older than neighborhood avg.
Mother tongue
English · 59%Tagalog · 14%
Past 10 years Jefferson sales snapshot (~80% of all data)
1,026
320k
$314/sqft
1948
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33.8 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: #46110013
$47K
Median household income
$56K
Average household income
28%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.0
P90 / P10 ratio
46%
Single-person households
14%
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
373 Royal Avenue — 11 amenities found within 500 m, across 6 categories, including 1 education (nearest 492 m), 2 shopping (nearest 30 m), 5 parks (nearest 151 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 23% | Bottom 25% | Bottom 14% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 373 Royal Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1915, situated on a modest lot in the Jefferson neighbourhood. Its key characteristics are defined by its age, size, and value positioning. With 863 sqft of living space, it is smaller than most homes on its street, in Jefferson, and across Winnipeg. The property has a basement that is noted as unrenovated, no garage, and no pool.
The primary appeal lies in its accessibility and potential. With an assessed value significantly below area averages, it represents one of the most entry-level priced properties in the market. This isn't a move-in-ready home; its value is grounded in the land and the structure's potential for a gradual, sweat-equity renovation. It would suit a very budget-conscious first-time buyer, an investor looking for a straightforward rental property with minimal upfront investment, or a hands-on individual seeking a manageable project home without the pressure of a large mortgage. A less obvious perspective is that its small size and simple layout could be seen as an advantage for those seeking a minimalist lifestyle or with very specific renovation plans, as the scale of any project is contained.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the average?
The assessed value reflects the property's age, smaller size relative to others, and likely its condition as an older, unrenovated home. It is priced as a foundational asset rather than a finished product.
2. What does the ranking data (e.g., "Top 94%") mean for me?
These rankings compare this property against others. For example, "Top 94% for Assessed Value on Royal Avenue" means its value is higher than only 6% of homes on that street—it is one of the least expensive properties there. This quantifies its position as a below-market-value opportunity.
3. Is the unrenovated basement finished or usable?
The listing specifies it is "not renovated." This typically means it is in original, likely unfinished condition, serving as utility and storage space. Any development would be a future project for the buyer.
4. The home sold in 2023. What does that price range indicate?
The sold price range from April 2023 aligns closely with the current assessed value, suggesting a stable, low-value market for this specific property type. It indicates a consistent valuation as a basic, no-frills asset.
5. Who would this property NOT be suitable for?
It would not suit buyers seeking a turn-key, modern home, those who need ample indoor or outdoor space, or anyone unable to handle the maintenance and potential upgrades of a 111-year-old house. The lack of a garage is also a consideration for vehicle storage.
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