48.6
Below average
Property score
48.6
Below average
Overall 48.6
Smaller and older than most nearby homes
807 sqft (bottom 26%)
Built in 1907 (41 yrs older than avg)
Located in a above-average income area
with median household income of ~85k
Transit 80.0
3-min walk to transit with 3 nearby routes
Within 500m: 4 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
22% smaller than neighborhood avg.
Year Built
Below average
41 yrs older than neighborhood avg.
Mother tongue
English · 76%Tagalog · 11%
Past 10 years Jefferson sales snapshot (~80% of all data)
1,026
320k
$314/sqft
1948
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
48.6 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: #46110905
$85K
Median household income
$105K
Average household income
10%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.9
P90 / P10 ratio
29%
Single-person households
29%
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
478 Mcadam Avenue — 4 amenities found within 500 m, across 1 categories, including 4 parks (nearest 203 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 7% | Bottom 9% | Bottom 6% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 478 Mcadam Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1907, situated on a standard city lot in the Jefferson neighbourhood. Its key characteristics are defined by its modest scale and value. With 807 square feet of living space, it is notably smaller than most comparable homes in its immediate area, on its street, and across Winnipeg. The property includes a basement that is present but not renovated, and it does not feature a garage or pool.
The primary appeal lies in its accessibility and potential. With a relatively low assessed value, it presents a clear entry point into the Winnipeg housing market. It suits first-time buyers, investors, or downsizers seeking a straightforward, no-frills property where value is derived from the land and location rather than the existing structure. A thoughtful perspective for the right buyer is viewing this not as a "small" home, but as a manageable canvas. Its classic 1907 build date suggests solid, simple construction, and its size offers lower utility costs and minimal upkeep, allowing an owner to invest selectively in updates over time. It’s a practical choice for someone comfortable with a home that prioritizes function and affordability over modern amenities and square footage.
Section 2: Frequently Asked Questions
1. What does the assessed value ranking mean?
The assessed value of $200k ranks in the bottom 5-8% compared to similar properties on its street, in Jefferson, and citywide. This indicates it is valued significantly lower than the average home, which is a key factor in its affordability.
2. Is the basement usable?
The listing confirms a basement exists but specifies it is "not renovated." Buyers should budget for potential moisture-proofing, finishing, or repairs to make it a functional living or storage space.
3. How does the lot size compare?
The land area of 3,969 sqft is about average for the Jefferson neighbourhood but smaller than the Winnipeg city-wide average. It provides typical outdoor space for the area without being overly large to maintain.
4. What can recent sale history tell me?
The home sold in July 2019 for an estimated range of $15.5k to $18.5k. This very low sale price, far below the current assessed value, suggests the property may have been in significantly different condition or sold under unique circumstances at that time.
5. Are there any obvious major costs to anticipate?
Given the age of the home (119 years) and the unrenovated basement, prospective buyers should prioritize inspections for foundational integrity, roof condition, and updating of major systems like plumbing and electrical, which are common considerations for homes of this era.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
