43.8
Below average
Property score
43.8
Below average
Overall 43.8
Newer than most nearby homes
988 sqft (bottom 48%)
Built in 1956 (8 yrs newer 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: 3 shops, 6 parks, 1 bank/ATM, and 1 place of worship nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
4% smaller than neighborhood avg.
Year Built
Above average
8 yrs newer 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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43.8 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
403 Royal Avenue — 12 amenities found within 500 m, across 5 categories, including 3 shopping (nearest 141 m), 6 parks (nearest 85 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 39% | Bottom 45% | Bottom 23% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 403 Royal Avenue, Winnipeg
Key Characteristics & Buyer Appeal
This is a modest, renovated one-storey home in Winnipeg's Jefferson neighbourhood, built in 1956. With 988 sqft of living space and a 4,331 sqft lot, its size is very typical for its immediate street and area, offering a manageable footprint. A key feature is the renovated basement, adding functional living space. The home sits in the middle range for its locale in terms of assessed value and lot size, presenting a straightforward, no-surprises profile within the community context.
Its primary appeal lies in its role as a practical entry point into the housing market or a sensible downsizing option. For buyers, the value is in its relative affordability compared to the city-wide average, its recent basement renovation, and its position as an average-sized property on its street—meaning it’s unlikely to be over-improved or under-improved relative to neighbours. It would suit first-time buyers seeking a turn-key starter home without extreme property taxes, or investors looking for a renovated, single-level rental property. A thoughtful perspective is that its "average" metrics within Jefferson can be a stability advantage, insulating it from the wider volatility of the city-wide market, where it falls below average in size.
Frequently Asked Questions
1. How does this home’s size compare to others?
At 988 sqft, the living area is very close to the average for both Royal Avenue (1,049 sqft) and the wider Jefferson area (1,029 sqft). City-wide, however, it is notably smaller than the average home.
2. What is the significance of the assessed value?
The assessed value of approximately $302,000 is around the average for the street and neighbourhood. This suggests the property is valued consistently with its immediate surroundings, which can be a positive indicator for stable property taxes and resale value within the local market.
3. What does the sold price history indicate?
Records show it last sold in October 2023 for an estimated range of $235,000 to $265,000. This is below its current assessed value, which may reflect market conditions at the time of sale or specific sale circumstances. For the exact price, you can request details via email from the listing source.
4. Is the lot size a pro or a con?
The lot is just under a tenth of an acre, which is standard for the area. It provides adequate outdoor space for a garden or patio without the maintenance burden of a larger yard, aligning well with the home’s manageable scale.
5. Who might this property not suit?
Buyers needing significant space or modern, open-concept layouts may find it limiting. Its size and era-typical layout are best for those comfortable with a compact, efficient footprint. It’s also less suited for someone seeking a property that stands out significantly in its neighbourhood, as its metrics are consistently in the middle range locally.
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