46.3
Below average
Property score
46.3
Below average
Overall 46.3
Smaller and older than most nearby homes
606 sqft (bottom 2%)
Built in 1911 (37 yrs older 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, 2 parks, 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
41% smaller than neighborhood avg.
Year Built
Below average
37 yrs older 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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46.3 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
516 Jefferson Avenue — 6 amenities found within 500 m, across 4 categories, including 2 education (nearest 462 m), 1 shopping (nearest 471 m), 2 parks (nearest 335 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 13% | Bottom 19% | Bottom 11% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 8% | Bottom 13% | Bottom 8% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 516 Jefferson Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1911, presenting a straightforward and minimal property opportunity. Its key appeal lies in its extremely low financial barrier to entry, with a recent sold price and assessed value (approximately $21k) that are among the lowest in the city. The home sits on a standard-sized lot (just over 4,000 sq ft), which is its most competitive feature relative to the neighborhood.
The property suits a very specific buyer: an investor looking for an ultra-low-cost rental property, a hands-on owner planning a complete gut renovation, or someone seeking the absolute most affordable path to homeownership with land value as the primary asset. Its small living area (606 sq ft) and unrenovated basement mean it is not a move-in-ready home for most. The appeal is almost entirely in the land and the price point, offering a canvas for a major project or a minimal-holding-cost investment.
A less obvious perspective is that a property at this price point in a mature neighborhood can sometimes represent a "call option" on the area's future. For a very small sunk cost, an owner can hold the lot, potentially benefiting from long-term land value appreciation or future redevelopment opportunities, with very little annual carrying cost.
Section 2: Frequently Asked Questions
1. Is this a liveable home in its current condition?
Based on the description noting an unrenovated basement and the context of its price, it is very likely a fixer-upper or teardown. Prospective buyers should budget for significant repairs or a full rebuild.
2. Why is the price so low compared to the city-wide average?
The price reflects the home's very small size, its age (115 years), and its unrenovated condition. It is priced as a land-value proposition with an existing structure, not as a comparable standard home.
3. What are the typical property taxes for a home with this assessed value?
With an assessed value of $21,400, the annual property taxes would be among the lowest in Winnipeg. An exact calculation can be made using the current City mill rate.
4. Is the lot large enough to subdivide or redevelop?
At just over 4,000 sq ft, the lot is a standard single-family size for the area. Subdivision would be unlikely; redevelopment would be subject to City of Winnipeg zoning bylaws, which should be verified.
5. The sold price history shows a sale in early 2025 and late 2022. Does this indicate quick turnover?
The two recent sales in a short period could indicate investor activity, a flip that was not completed, or other unique circumstances. It underscores the importance of a thorough title search and understanding the recent history of the property.
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