38.3
Below average
Property score
38.3
Below average
Overall 38.3
Smaller and older than most nearby homes
530 sqft (bottom 1%)
Built in 1917 (31 yrs older than avg)
Located in a above-average income area
with median household income of ~84k
Transit 74.0
3-min walk to transit with 2 nearby routes
Within 500m: 4 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
48% smaller 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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38.3 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: #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
549 Matheson Avenue — 4 amenities found within 500 m, across 1 categories, including 4 parks (nearest 311 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 3% | Bottom 7% | Bottom 5% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 4% | Bottom 7% | Bottom 5% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 549 Matheson Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1917, situated on a standard city lot in the Jefferson neighbourhood. Its key characteristic is its exceptionally modest scale, with a living area of 530 sqft that ranks it among the smallest homes in Winnipeg. The home features a detached garage and an unrenovated basement. The assessed value is significantly below average for the city, reflecting its size and vintage.
The primary appeal lies in its position as one of the most accessible entry points into homeownership in the market. It suits a very specific buyer: someone seeking absolute minimalism, a hands-on project on a tight budget, or an investor looking for a straightforward rental property. Its low carrying costs are a defining feature. A less obvious perspective is its potential as a "blank slate" for a creative, efficient redesign, where the small footprint is seen not as a limitation but as a challenge for innovative small-space living. It would not suit those needing space for a family or who are averse to immediate maintenance and updates.
Frequently Asked Questions
1. Why is the assessed value so much lower than typical city homes?
The assessed value is directly tied to the home's very small size (530 sqft), its age, and the condition of its original features and basement. It is priced as a foundational property in need of modernization.
2. What does "below average — Top 100%" mean for living area?
This statistical ranking indicates that this home is in the 100th percentile for its street, meaning it has a smaller living area than 100% of comparable homes on Matheson Avenue. It is effectively the smallest or among the very smallest in its immediate peer group.
3. Is this a tear-down property?
While its size and condition may lead some to consider replacement, it is a standing house with utilities and a foundation. Its future—whether renovation, expansion, or redevelopment—would depend on the buyer's goals, budget, and local zoning regulations.
4. How reliable are the sold price ranges shown?
The listed price ranges are estimates based on publicly available data. For precise historical sale figures, you must request the exact data via the provided email service, which manually confirms records.
5. What are the major considerations for renovating a home of this age?
Prospective buyers should budget for updates to essential systems (like wiring and plumbing common in 1917 construction), moisture management in the unrenovated basement, and improving energy efficiency. The compact size can keep renovation scopes manageable but may require clever design solutions.
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