47.4
Below average
Property score
47.4
Below average
Overall 47.4
Smaller than most nearby homes
672 sqft (bottom 11%)
Built in 1950 (2 yrs newer than avg)
Located in a high-income area
with median household income of ~92k
Transit 82.0
1-min walk to transit with 2 nearby routes
Within 500m: 2 schools, 1 shop, 1 park, 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
Below average
35% smaller than neighborhood avg.
Year Built
Near average
2 yrs newer than neighborhood avg.
Mother tongue
English · 67%Tagalog · 14%
Past 10 years Jefferson sales snapshot (~80% of all data)
1,026
320k
$314/sqft
1948
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47.4 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: #46110028
$92K
Median household income
$101K
Average household income
5%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.6
P90 / P10 ratio
23%
Single-person households
32%
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
487 Seven Oaks Avenue — 5 amenities found within 500 m, across 4 categories, including 2 education (nearest 394 m), 1 shopping (nearest 474 m), 1 parks (nearest 447 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 14% | Bottom 18% | Bottom 11% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 487 Seven Oaks Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1950, situated on a standard city lot in the Jefferson neighbourhood. Its key characteristic is its modest scale, with a living area of 672 sqft that is notably smaller than most comparable homes in the area, city, and on its own street. This is balanced by a recently renovated basement, adding functional space, and a detached garage.
The primary appeal lies in its affordability and efficiency. With an assessed value that is average for Jefferson and Seven Oaks Avenue but below the citywide average, it represents a lower barrier to entry into the housing market. It suits first-time buyers, downsizers, or investors seeking a straightforward, manageable property. The renovated basement adds value and flexibility, potentially serving as a rental suite (subject to zoning and licensing) or additional living space. A thoughtful perspective is that its smaller size translates to lower utility costs and less maintenance, offering a simpler, more sustainable lifestyle. It’s a practical choice for those who prioritize financial efficiency and function over square footage.
Section 2: Frequently Asked Questions
1. Is the house unusually small?
Yes. At 672 sqft, the above-ground living area is significantly smaller than the average home in Jefferson (~1,029 sqft), on Seven Oaks Avenue (~1,123 sqft), and across Winnipeg (~1,342 sqft). The renovated basement provides crucial additional space.
2. What is the property’s assessed value, and how does it compare?
The assessed value is $28,900. This is very typical for the immediate street and the Jefferson neighbourhood, where averages are $28,700 and $28,300 respectively. It is, however, below the average assessed value for the entire city.
3. When was it last sold and for roughly how much?
The home was sold in July 2019. Based on available public data, the sale price was in the range of $18,500 to $21,500.
4. What is the lot size?
The land area is 3,750 sqft. This is below the average lot size for the street, neighbourhood, and city, but is a standard dimension for the area.
5. How can I find out the exact historical sale price?
The listing service provides an estimated sold price range from public data. They offer to manually share the exact sale price via email upon request, at no cost and without using your email for unsolicited marketing.
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