47.1
Below average
Property score
47.1
Below average
Overall 47.1
Smaller and older than most nearby homes
720 sqft (bottom 15%)
Built in 1925 (23 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: 1 school, 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
30% smaller than neighborhood avg.
Year Built
Below average
23 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
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
47.1 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: #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
538 Jefferson Avenue — 4 amenities found within 500 m, across 3 categories, including 1 education (nearest 455 m), 2 parks (nearest 257 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 9% | Bottom 13% | Bottom 9% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 538 Jefferson Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1925, offering a straightforward and affordable entry into homeownership. Its key characteristic is its modest scale: with 720 sqft of living space and a 2,501 sqft lot, it is notably smaller than most comparable properties in the area and citywide. The home features a renovated basement, adding functional space. Its appeal lies primarily in its low financial barrier to entry, as reflected in its well-below-average assessed value. This is a property for pragmatic buyers—first-time purchasers, investors seeking a rental property, or those looking to downsize with minimal upkeep. Its value proposition is rooted in essentials, not extravagance. A thoughtful perspective is that its smaller footprint can mean lower utility costs and less maintenance, aligning with a simpler, more efficient lifestyle. It suits a buyer comfortable with a home that serves as a practical shelter and a financial stepping stone, rather than a statement property.
Frequently Asked Questions
1. Is the home in good condition?
While the listing notes a renovated basement, the overall condition of the main floor and major systems (roof, wiring, plumbing) in a 101-year-old home should be verified through a professional inspection.
2. Why is the assessed value so much lower than the citywide average?
The assessed value reflects the home's smaller size, age, and likely simpler finishes compared to the average city home. It is priced in line with its peer group of very compact, older properties.
3. Is there potential to expand the living space?
The lot size is smaller than most, which may limit possibilities for large additions. However, the renovated basement already adds usable space, and creative interior reconfiguration could be an option.
4. What are the typical maintenance costs for a home of this age?
Older homes can have higher upkeep costs. Budgeting for ongoing maintenance, particularly for aging components, is essential. The recent basement renovation may address some modern needs.
5. How does the last sold price compare to the current asking price?
The home sold in July 2020 for an estimated range of $16.5k-$19.5k. For the exact historical sold price and to understand current market value, you can request the precise data via email from the listing source.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
