53.5
Fair
Property score
53.5
Fair
Overall 53.5
Newer than most nearby homes
862 sqft (bottom 32%)
Built in 1958 (10 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: 3 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
16% smaller than neighborhood avg.
Year Built
Above average
10 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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53.5 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
488 Jefferson Avenue — 6 amenities found within 500 m, across 4 categories, including 3 education (nearest 385 m), 1 shopping (nearest 439 m), 1 parks (nearest 434 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 20% | Bottom 29% | Bottom 16% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 488 Jefferson Avenue
Key Characteristics & Appeal
This is a compact, one-storey home built in 1958, featuring a renovated basement. With 862 square feet of living space, it is smaller than most homes in its immediate area, citywide, and even on Jefferson Avenue itself. The lot is also notably smaller than area norms at 2,502 square feet. These factors contribute to its below-average assessed value compared to peers.
The primary appeal lies in its position as an accessible entry point into the market. The renovated basement adds functional living space, offering value beyond the main floor square footage. It suits first-time buyers or investors seeking a lower-priced property with some modern updates in place. A thoughtful perspective is that its smaller size and lot translate to lower maintenance demands and utility costs, which can be a significant, ongoing benefit. Its age places it among the newer homes in the broader Jefferson area, potentially meaning fewer major age-related issues than older neighbourhood averages.
Frequently Asked Questions
1. Is the price competitive for the area?
Yes. The home’s assessed value and prior sale price are consistently below the average for comparable homes on the same street, in the Jefferson area, and across Winnipeg. This indicates a competitively priced entry point.
2. Who would this property suit best?
It’s ideally suited for first-time homebuyers or practical investors. The smaller scale makes it manageable, and the renovated basement improves its functionality and appeal relative to its size.
3. How does the lot size impact the property?
The lot is significantly smaller than typical lots in all comparison groups. This means less outdoor maintenance but also limited potential for expansions like a large addition or garage. It emphasizes the property as a compact, efficient holding.
4. What does the "renovated basement" typically include?
While specific finishes aren’t listed, a "renovated basement" generally means the space has been finished into a livable area (e.g., drywalled, floored, with proper ceilings and lighting), as opposed to being an unfinished utility space. It should be verified if it includes a separate entrance or bathroom.
5. How can I find out the exact historical sale prices?
The exact sold prices are not published publicly. You can request this detailed history by emailing the listing service directly; they provide the figures manually without using your email for marketing.
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