55.8
Fair
Property score
55.8
Fair
Overall 55.8
Older than most nearby homes
1,080 sqft (top 37%)
Built in 1913 (35 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
Near average
5% larger than neighborhood avg.
Year Built
Below average
35 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
55.8 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: #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
481 Matheson Avenue — 4 amenities found within 500 m, across 1 categories, including 4 parks (nearest 199 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 21% | Bottom 25% | Bottom 14% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 15% | Bottom 18% | Bottom 11% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 481 Matheson Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1913, presents a classic character home opportunity in Winnipeg's Jefferson neighbourhood. With 1,080 sqft of living space and a renovated basement, it offers functional living on a modest 3,006 sqft lot. The home’s primary appeal lies in its value proposition; its assessed value is consistently below average for its street, neighbourhood, and the wider city, suggesting a potentially accessible entry point into the market. This isn't a large or modern property, but a pragmatic one.
It would suit first-time buyers or practical investors looking for a home with historic charm without a premium price tag. Its below-average land size and older vintage mean lower property taxes and less exterior maintenance compared to many larger lots, which can be a subtle financial advantage. The appeal is grounded in essentials: it's a solid, no-frills home that prioritizes function and affordability over size or modern luxury.
Section 2: Frequently Asked Questions
1. Is the below-average assessed value a concern?
Not necessarily. It primarily reflects the home's older age, smaller lot, and modest size compared to area averages. It often translates to lower annual property taxes, which is a positive for ongoing affordability.
2. What does "one-and-three-quarter storey" mean?
This is a common architectural style for the era. It typically means the second floor has sloped ceilings (following the roof line) and potentially dormer windows, creating cozy, character-filled bedrooms that may have less full-height wall space than a modern two-storey.
3. How does the living space compare to nearby homes?
At 1,080 sqft, it's slightly smaller than the average home on Matheson Avenue but very close to the average for the Jefferson neighbourhood itself. This indicates it's a reasonably sized home for the immediate area.
4. The home sold in 2016 and 2019. What does that history indicate?
The sold price ranges show it has transacted at values well below city-wide averages at those times. This pattern reinforces its position as a value-oriented property and may indicate a market segment with steady, modest demand.
5. What are the less obvious considerations with a 1913 home?
While the basement is renovated, the core structure is over a century old. Prospective buyers should pay particular attention to the foundation, original wiring or plumbing updates, and roof condition. The charm of an older home comes with a responsibility for diligent maintenance.
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.
