553 Matheson Avenue

Jefferson, Winnipeg

Property score

51.9

Fair

Overall 51.9 · Smaller but newer than most nearby homes

798 sqft (bottom 25%) · Built in 2004 (56 yrs newer 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: 5 parks nearby

Living Area

Below average

22% smaller than neighborhood avg.

Year Built

Above average

56 yrs newer than neighborhood avg.

Mother tongue

English · 69%Tagalog · 16%

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

51.9 is composed by the two sections below.

Property Score

36.9Low
Living Area22
798 sqftLow
Year Built87
2004Excellent
Lot Size28
2,998 sqftLow
Neighbourhood Sales Activity42
Low

Community Score

74.3Good
Household Income78
Good
Education Level63
Fair
Housing Stress83
Excellent
Core Housing Need76
Good
Employment Health68
Good

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: #46110029

Community deep dive

$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

Population, labour & age

Population (2021)678
Labour force participation rate69%
Median age36.4
Avg household size2.5
Unemployment rate13%
Population density3766 / km²

Households & income

Low income (LIM-AT, % pop.)12%
Single-person households28%
Couple families with children28%
Median household income (2020)$84K

Housing

Renter households22%
Condominium dwellings0%
Median dwelling value (owners)$280K

Diversity, education & language

Immigrants (share of pop.)30%
Visible minority31%
Bachelor's or higher (25–64)30%
Mother tongue (1st)English · 69%
Mother tongue (2nd)Tagalog · 16%

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

Rankings

Living Area

below average
798 sqft
0255075100
Same streetBottom 15%Same areaBottom 25%CitywideBottom 9%
Same street · Matheson Avenue
#240 / 281
Bottom 15% · Avg 1,227 sqft
Same area · Jefferson
#2,078 / 2,763
Bottom 25% · Avg 1,029 sqft
Citywide · Winnipeg
#177,387 / 194,458
Bottom 9% · Avg 1,342 sqft

Tax-Assessed Value

above average
336k
0255075100
Same streetTop 19%Same areaTop 12%CitywideBottom 41%
Same street · Matheson Avenue
#54 / 281
Top 19% · Avg 289.7k
Same area · Jefferson
#329 / 2,763
Top 12% · Avg 282.9k
Citywide · Winnipeg
#114,442 / 194,458
Bottom 41% · Avg 390.1k

Year Built

Elite
2004
0255075100
Same streetTop 4%Same areaTop 4%CitywideTop 15%

Lot Size

below average
2,998 sqft
0255075100
Same streetBottom 7%Same areaBottom 7%CitywideBottom 10%

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

553 Matheson Avenue — 5 amenities found within 500 m, across 1 categories, including 5 parks (nearest 311 m).

Search radius
🌳Parks5

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 2/2021CA$250k–300k
Sold price

Same street

Top 44%

Same area

Top 35%

City-wide

Bottom 32%

Related homes

Highlights & common questions: 553 Matheson Avenue, Winnipeg

Property Overview

This bi-level home at 553 Matheson Avenue presents a distinct profile. Its appeal is rooted in being a more modern property within its established neighborhood, offering a renovated basement and a detached garage. The home is notably compact, with a living area well below local averages, but this is balanced by a very recent build year and a strong assessed value for its immediate area.

Key Characteristics & Ideal Buyer

The standout feature is the home’s age. Built in 2004, it is among the newest homes in the Jefferson area, ranking in the top 4% locally. This suggests potentially lower maintenance costs and modern building standards compared to neighboring, often much older, homes. It features a renovated basement and a detached garage.

The appeal lies in this modern convenience within an affordable, established neighborhood. The assessed value is strong for the street and area, indicating the property is viewed favorably relative to its peers. However, the living space (798 sq ft) and land area (2,998 sq ft) are compact, ranking in the bottom 10-15% for the local area. This creates a specific trade-off: you are acquiring a newer, efficiently built home, but with less room to grow or expand compared to typical lots.

This property would best suit a first-time homebuyer, a downsizer, or an investor seeking a modern, low-maintenance asset in a budget-conscious area. It’s for those who prioritize a newer build and a renovated basement over square footage and large outdoor space. The efficient layout may also appeal to someone looking to minimize utility and upkeep costs.

Frequently Asked Questions

1. Is the low square footage a concern?
It is the home’s most significant compromise. At 798 sq ft, the living area is substantially smaller than the local average. Buyers should be comfortable with a compact, efficient layout, though the renovated basement provides additional usable space.

2. Why is the assessed value high for the area despite the small size?
The assessed value reflects the property’s relative newness (2004) and recent renovations. In a neighborhood where most homes are decades older, these modern features carry a premium, offsetting the lower square footage in the assessment.

3. What does the "Elite" ranking for Year Built mean?
This statistical ranking confirms the home is exceptionally new for its immediate surroundings. On Matheson Avenue and in the wider Jefferson area, it is newer than approximately 96% of comparable properties, which is a rare find.

4. How does the lot size impact future plans?
The lot is smaller than most in the area. This likely limits possibilities for major additions, such as a large extension or a separate garage workshop. It’s suitable for low-maintenance outdoor living but not for expansive projects.

5. How reliable are the sold price ranges shown?
The listed ranges are estimates based on public data. For precise historical sale prices, you must request the information directly via the provided email service, as this data is verified and delivered manually.