480 Matheson Avenue

Jefferson, Winnipeg

Property score

65.6

Good

Overall 65.6 · Larger but older than most nearby homes

1,204 sqft (top 24%) · Built in 1943 (5 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: 1 shop, and 5 parks nearby

Living Area

Above average

17% larger than neighborhood avg.

Year Built

Below average

5 yrs older than neighborhood avg.

Mother tongue

English · 76%Tagalog · 11%

Past 10 years Jefferson sales snapshot (~80% of all data)

Sold Count

1,026

Median price

320k

$/sqft

$314/sqft

Avg build year

1948

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Property score

65.6 is composed by the two sections below.

Property Score

58.6Fair
Living Area1,204 sqft66Good
Year Built194324Low
Lot Size6,258 sqft81Excellent
Neighbourhood Sales Activity42Low

Community Score

76.2Good
Household Income79Good
Education Level54Fair
Housing Stress83Excellent
Core Housing Need100Excellent
Employment Health76Good

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110905

Community deep dive

$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

Population, labour & age

Population (2021)656
Labour force participation rate70%
Median age37.2
Avg household size2.6
Unemployment rate7%
Population density3644 / km²

Households & income

Low income (LIM-AT, % pop.)10%
Single-person households29%
Couple families with children29%
Median household income (2020)$85K

Housing

Renter households18%
Condominium dwellings0%
Median dwelling value (owners)$270K

Diversity, education & language

Immigrants (share of pop.)14%
Visible minority19%
Bachelor's or higher (25–64)26%
Mother tongue (1st)English · 75%
Mother tongue (2nd)Tagalog · 10%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

above average
1,204 sqft
0255075100
Same streetTop 44%Same areaTop 24%CitywideTop 50%
Same street · Matheson Avenue
#124 / 281
Top 44% · Avg 1,227 sqft
Same area · Jefferson
#659 / 2,763
Top 24% · Avg 1,029 sqft
Citywide · Winnipeg
#96,569 / 194,458
Top 50% · Avg 1,342 sqft

Tax-Assessed Value

above average
324k
0255075100
Same streetTop 25%Same areaTop 18%CitywideBottom 37%
Same street · Matheson Avenue
#70 / 281
Top 25% · Avg 289.7k
Same area · Jefferson
#486 / 2,763
Top 18% · Avg 282.9k
Citywide · Winnipeg
#122,783 / 194,458
Bottom 37% · Avg 390.1k

Year Built

around average
1943
0255075100
Same streetTop 48%Same areaBottom 21%CitywideBottom 20%

Lot Size

Elite
6,258 sqft
0255075100
Same streetTop 18%Same areaTop 5%CitywideTop 26%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

480 Matheson Avenue — 6 amenities found within 500 m, across 2 categories, including 1 shopping (nearest 481 m), 5 parks (nearest 189 m).

Search radius
🛒Shopping1
🌳Parks5

Crime & Safety

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%

Sales History

Sold 3/2024CA$300k–350k
Sold price

Same street

Top 25%

Same area

Top 19%

City-wide

Bottom 45%
Sold 10/2021CA$300k–350k
Sold price

Same street

Top 33%

Same area

Top 23%

City-wide

Bottom 42%

Related homes

Highlights & common questions: 480 Matheson Avenue, Winnipeg

Property Overview: 480 Matheson Avenue, Winnipeg

Key Characteristics & Appeal

This one-and-a-half storey home, built in 1943, presents a practical opportunity in Winnipeg's Jefferson neighbourhood. Its primary appeal lies in a combination of generous land and a solid, established foundation. The 6,258 sqft lot is a standout feature, ranking in the top 5% of the Jefferson area, offering ample outdoor space that is increasingly rare. With 1,204 sqft of living space, the home provides comfortable room for a small family or a couple.

The appeal here is grounded in value and potential. The home’s assessed value sits above average for both its street and neighbourhood, suggesting a well-regarded location. While the basement exists, it is noted as not being renovated, indicating the property is a candidate for customization. The detached garage adds functional utility. This property would suit a hands-on buyer looking for a home with character on a large lot, who is comfortable with a property that may require updates over time. It’s also a sensible option for those prioritizing land size and location within a established community over a move-in-ready, modern interior.

Frequently Asked Questions

1. What is the true condition of the basement?
The listing specifically states the basement is "not renovated." Prospective buyers should budget for potential updates, moisture-proofing, or finishing to suit their needs.

2. How does the large lot size impact responsibilities and potential?
A lot in the top 5% for the area means more space for gardens, play, or additions, but also entails greater maintenance like lawn care, snow removal, and potential landscaping costs.

3. Are the recent sold prices comparable?
The listed sold price ranges from 2024 and 2021 are close to the current assessed value, suggesting market stability. However, exact prices require a direct request to the listing service, as they are provided manually.

4. What are the implications of the "one-and-a-half storey" design?
This classic style often features smaller, cozier rooms on the second floor, typically with sloped ceilings. It offers charm but may have different spatial dynamics than a full two-storey home.

5. How does the home’s age (1943) factor into ownership?
While the structure is sound, a home of this age likely has original components, such as windows, plumbing, or electrical systems, that may need evaluation and eventual modernization for efficiency and safety.

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