Property score
26.6
Below average
Overall 26.6 · Smaller and older than most nearby homes
480 sqft (bottom 1%) · Built in 1937 (11 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: 2 shops, 5 parks, 1 bank/ATM, and 1 place of worship nearby
Living Area
Below average
53% smaller than neighborhood avg.
Year Built
Below average
11 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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26.6 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: #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
381 Royal Avenue — 10 amenities found within 500 m, across 5 categories, including 2 shopping (nearest 59 m), 5 parks (nearest 128 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 4% | Bottom 2% | Bottom 3% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 381 Royal Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on a 3,271 sqft lot in Jefferson presents a highly specific opportunity. Its key characteristic is its exceptionally low assessed value ($16,700), which places it in the bottom 5% citywide. The living area is notably compact at 480 sqft, and the home was built in 1937. A positive feature is the renovated basement, and the property includes a detached garage.
The appeal lies squarely in its potential as an entry point into the market or as a strategic investment property. It suits buyers with a clear vision for renovation or expansion, those seeking minimal property tax overhead, or investors looking for a low-cost rental asset. It is not a move-in-ready home for someone seeking space or modern finishes. A thoughtful perspective is that its very low assessment, while reflecting its current state, could provide a cushion against property tax increases even after improvements, and its mature lot offers room for future additions not reflected in the current small footprint.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The assessed value reflects the property's current condition, very small living area (480 sqft), and age. It is assessed based on market value for what it is today, not for its potential after renovation.
2. Is this a teardown property?
Not necessarily. The listing notes a renovated basement, indicating some usable infrastructure. However, given the size and age, a buyer should be prepared for significant updates or an expansion to make it a comfortable full-time residence.
3. What are the implications of such a low assessment?
The primary benefit is very low annual property taxes. This can make holding the property during a renovation period more affordable. It's important to note that significant improvements will likely trigger a reassessment and higher taxes in the future.
4. How does the sold price history (e.g., ~$12.5k-$15.5k in 2019) relate to today's value?
That historic sale price is consistent with the low assessment and suggests the property has been valued as a foundational asset for some time. Current value will be influenced by today's market conditions, but it will still be primarily based on its niche as a very low-cost entry.
5. Who would this property not suit?
It would not suit buyers needing immediate, ample living space, those unwilling to undertake renovation projects, or anyone who prioritizes neighborhood comparables in terms of size and value over individual opportunity.
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