492 Jefferson Avenue

Jefferson, Winnipeg

67.6

Good

Overall 67.6

Larger than most nearby homes

1,216 sqft (top 23%)

Built in 1949 (1 yr 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

Living Area

Above average

18% larger than neighborhood avg.

Year Built

Near average

1 yrs newer than neighborhood avg.

Mother tongue

English · 67%Tagalog · 14%

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

67.6 is composed by the two sections below.

Property Score

57.7Fair
Living Area1,216 sqft66Good
Year Built194930Low
Lot Size5,004 sqft67Good
Neighbourhood Sales Activity42Low

Community Score

82.5Excellent
Household Income81Excellent
Education Level72Good
Housing Stress93Excellent
Core Housing Need100Excellent
Employment Health83Excellent

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: #46110028

Community deep dive

$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

Population, labour & age

Population (2021)586
Labour force participation rate75%
Median age43.2
Avg household size2.5
Unemployment rate9%
Population density3447 / km²

Households & income

Low income (LIM-AT, % pop.)5%
Single-person households23%
Couple families with children32%
Median household income (2020)$92K

Housing

Renter households4%
Condominium dwellings0%
Median dwelling value (owners)$270K

Diversity, education & language

Immigrants (share of pop.)34%
Visible minority33%
Bachelor's or higher (25–64)37%
Mother tongue (1st)English · 66%
Mother tongue (2nd)Tagalog · 13%

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

Rankings

Living Area

above average
1,216 sqft
0255075100
Same streetTop 16%Same areaTop 23%CitywideTop 49%
Same street · Jefferson Avenue
#77 / 496
Top 16% · Avg 1,029 sqft
Same area · Jefferson
#629 / 2,763
Top 23% · Avg 1,029 sqft
Citywide · Winnipeg
#94,598 / 194,458
Top 49% · Avg 1,342 sqft

Tax-Assessed Value

around average
283k
0255075100
Same streetBottom 45%Same areaBottom 47%CitywideBottom 25%
Same street · Jefferson Avenue
#273 / 496
Bottom 45% · Avg 299.2k
Same area · Jefferson
#1,476 / 2,763
Bottom 47% · Avg 282.9k
Citywide · Winnipeg
#146,195 / 194,458
Bottom 25% · Avg 390.1k

Year Built

around average
1949
0255075100
Same streetBottom 27%Same areaBottom 45%CitywideBottom 27%

Lot Size

around average
5,004 sqft
0255075100
Same streetTop 43%Same areaTop 41%CitywideBottom 46%

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

492 Jefferson Avenue — 6 amenities found within 500 m, across 4 categories, including 3 education (nearest 396 m), 1 shopping (nearest 442 m), 1 parks (nearest 423 m).

Search radius
🏫Education3
🛒Shopping1
🌳Parks1
Worship1

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 10/2016CA$200k–250k
Sold price

Same street

Bottom 32%

Same area

Bottom 39%

City-wide

Bottom 20%

Related homes

Highlights & common questions: 492 Jefferson Avenue, Winnipeg

Property Overview: 492 Jefferson Avenue

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home on Jefferson Avenue presents a practical opportunity in Winnipeg. Its key characteristic is a recently renovated basement, adding modern living space to a classic 1949 build. With 1,216 sqft of living area, the home is notably spacious for its immediate area, ranking in the top 16% on its street. The lot is a generous 5,004 sqft, providing ample outdoor space.

The appeal lies in its balance of updated features within a well-established neighborhood. The detached garage offers flexibility, and the home’s size and lot dimensions stand out positively against many direct neighbors. It would suit a first-time homebuyer or an investor looking for a character home with some immediate updates (the basement) and a solid footprint. A buyer comfortable with the maintenance considerations of an older home, but who values more interior and yard space than is typical for the block, would find it a strong match. The assessed value is modest relative to the wider city, suggesting potential for value growth in a mature area.

Section 2: Frequently Asked Questions

1. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but specifics on finish quality, permits, and ceiling height are not provided. A professional inspection is recommended to detail the scope and condition of this update.

2. How does the assessed value compare to the likely selling price?
The home's assessed value is significantly lower than the city-wide average for comparable homes. In Winnipeg, assessed value for tax purposes often differs from market value. The last recorded sale was in 2016, so the current market price will be influenced by recent neighborhood sales, condition, and the renovated basement.

3. What are the implications of the home's age (1949)?
Built in 1949, the home is older than many on its street. This can mean charming character but also requires diligent attention to aging components like the roof, wiring, plumbing, and windows during an inspection. Its ranking suggests many neighboring homes are newer.

4. Is the living space configuration typical for a one-and-a-half storey?
The 1,216 sqft is above average for the area. In a one-and-a-half storey design, this often means functional main-floor living with additional finished space in the upper half-storey. The renovated basement likely adds further usable space not fully reflected in the official living area figure.

5. Who maintains the sold price history data?
The sold price ranges provided are based on public data. The listing service offers to provide the exact sale prices via email upon request, which they handle manually, as a verified supplement to the approximate public figures.

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