Property score
52.1
Fair
Overall 52.1 · Older than most nearby homes
883 sqft (bottom 34%) · Built in 1943 (5 yrs older than avg)
Located in a above-average income area with median household income of ~85k
Transit 80.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 1 shop, and 5 parks nearby
Living Area
Below average
14% smaller 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)
1,026
320k
$314/sqft
1948
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52.1 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
488 Matheson Avenue — 6 amenities found within 500 m, across 2 categories, including 1 shopping (nearest 476 m), 5 parks (nearest 216 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 40% | Bottom 46% | Bottom 23% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 9% | Bottom 12% | Bottom 8% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 488 Matheson Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Matheson Avenue in the Jefferson neighbourhood presents a practical and straightforward opportunity. Built in 1943, its 883 sqft living area is modest, placing it below the citywide average for size, which suggests a cozy, low-maintenance interior. A key updated feature is the renovated basement, adding valuable finished space. The property includes a detached garage and sits on a notably generous 5,446 sqft lot for the Jefferson area, offering above-average outdoor space for the neighbourhood.
The appeal here is rooted in value and potential. The home’s assessed value is positioned around the average for its immediate street and area, indicating a stable, entry-level point in the market. It suits first-time buyers, downsizers, or investors looking for a manageable property with a good land-to-building ratio. The renovated basement adds immediate functionality, while the large lot provides long-term flexibility—whether for gardening, expansion, or simply more private outdoor space than is typical nearby. It’s a home for those who prioritize lot size and location fundamentals over a large or modernized interior.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others?
At 883 sqft, the living area is smaller than the average Winnipeg home. However, it is relatively more common in the Jefferson area, and the renovated basement effectively increases the usable living space.
2. What does the lot size mean for me?
The lot of over 5,400 sqft is a standout feature for Jefferson. It is larger than many in the immediate area, offering more yard space and potential for outdoor use or future projects than a typical property in this price range.
3. Is the assessed value a good indicator of the likely selling price?
The assessed value provides a benchmark for municipal taxation. Market price is influenced by current conditions, the home’s condition, and buyer demand. Recent sold price history for this property shows it has transacted below the current citywide assessed average, suggesting it may represent a value-oriented opportunity.
4. What is the neighbourhood like?
Jefferson is an established, mature neighbourhood. The property rankings show homes here are often older and more varied in size and value compared to the city as a whole, reflecting its long-developed character.
5. Who would this property not suit?
Buyers seeking a modern, open-concept layout or substantial above-ground square footage may find the floorplan limiting. It is best suited for those comfortable with the upkeep of an older home (built 1943) who value the benefits of a larger lot over a larger house.
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