Property score
60.1
Fair
Overall 60.1 · Larger but older than most nearby homes
1,200 sqft (top 24%) · Built in 1917 (31 yrs older than avg)
Located in a above-average income area with median household income of ~84k
Transit 74.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 1 shop, and 5 parks nearby
Living Area
Above average
17% larger than neighborhood avg.
Year Built
Below average
31 yrs older than neighborhood avg.
Mother tongue
English · 69%Tagalog · 16%
Past 10 years Jefferson sales snapshot (~80% of all data)
1,026
320k
$314/sqft
1948
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60.1 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: #46110029
$84K
Median household income
$92K
Average household income
12%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.2
P90 / P10 ratio
28%
Single-person households
28%
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
540 Matheson Avenue — 6 amenities found within 500 m, across 2 categories, including 1 shopping (nearest 477 m), 5 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 48% | Top 43% | Bottom 29% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 44% | Top 49% | Bottom 26% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Bottom 1% | Bottom 2% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 540 Matheson Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1917, presents a practical opportunity in Winnipeg's Jefferson neighbourhood. With 1,200 square feet of living space, it offers a functional layout that is competitively sized for both its immediate street and the broader area. The home sits on a modest, manageable lot of just over 3,000 square feet.
Its primary appeal lies in its position as an accessible entry point into the market. The assessed value of $260,000 is notably below averages for the city and even for Jefferson, suggesting a price point with room for personalization. This isn't a move-in-ready showcase; it features an unrenovated basement and no garage, indicating it's a candidate for value-adding improvements. The home would suit a first-time buyer comfortable with a project, an investor looking for a rental property with solid fundamentals, or a pragmatic purchaser who prefers a lower entry cost over premium finishes, allowing them to build equity through gradual updates.
A less obvious perspective is the advantage of its established location. Built in 1917, it exists in a long-stable community with mature infrastructure. While the lot is smaller than newer subdivisions, it translates to less exterior maintenance. Furthermore, its recent sale history shows consistent activity, indicating a resilient demand in its niche.
Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean?
This is a common Winnipeg architectural style, typically featuring a full main floor and a second floor where the roofline slopes inward, creating some rooms with sloped ceilings or slightly reduced square footage on the upper level. It often adds character and efficient use of space.
2. Why is the assessed value significantly lower than city averages?
The lower assessment primarily reflects the home's age, the unrenovated condition of spaces like the basement, and the lack of features like a garage. It also corresponds with the smaller lot size. This assessment creates a lower property tax base, which can be an ongoing financial benefit.
3. Is the smaller lot size a major drawback?
It depends on your priorities. A smaller lot means less yard work and lower maintenance costs, which can be a positive for busy owners or investors. It does limit potential for large additions or extensive outdoor amenities, but for many, it represents a manageable, low-hassle footprint.
4. The home sold several times recently. Is that a concern?
The recent sales activity (2020, 2023) is common for homes in this price segment, often used as rental properties or "starter" homes where owners build equity and move on. It shows the property has maintained marketability and liquidity.
5. What are the immediate costs a new owner should anticipate?
Given the noted unrenovated basement and age of the home, buyers should budget for essential system updates (like plumbing or electrical) and moisture management in the basement. Cosmetic updates will also be needed to modernize the living space. A thorough inspection is strongly advised to prioritize these needs.
