38.8
Below average
Property score
38.8
Below average
Overall 38.8
Smaller and older than most nearby homes
560 sqft (bottom 1%)
Built in 1924 (24 yrs older than avg)
Located in a above-average income area
with median household income of ~84k
Transit 80.0
4-min walk to transit with 3 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
46% smaller than neighborhood avg.
Year Built
Below average
24 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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38.8 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
572 Mcadam Avenue — 4 amenities found within 500 m, across 1 categories, including 4 parks (nearest 363 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 11% | Bottom 12% | Bottom 8% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
572 Mcadam Avenue is a compact, one-storey home in Winnipeg's Jefferson neighbourhood. Built in 1924, its key characteristic is its modest 560 sqft of living space, which is significantly smaller than most area homes. It sits on a roughly 3,000 sqft lot and features a detached garage. The home's assessed value is notably low, reflecting its size and age.
Its primary appeal lies in its position as one of the most accessible entry points into home ownership in the city. The very low property taxes, resulting from the low assessment, are a major financial benefit. This property would suit a highly budget-conscious first-time buyer, an investor looking for a straightforward rental property, or someone seeking a minimal footprint without condo fees. It’s a practical choice over a glamorous one, offering ownership at a threshold close to renting.
A less obvious perspective is that a home of this size and vintage forces a simplified lifestyle, which can be a deliberate advantage for the right person. Additionally, its "below average" metrics across the board present a clear-value proposition with little premium paid for location or condition, allowing a buyer to define its future value through renovation or holding.
Frequently Asked Questions
1. Why is the living space so much smaller than nearby homes?
At 560 sqft, this is a historically small, century-old home. Its size ranks in the bottom 1% compared to other homes on its street, in Jefferson, and across Winnipeg, representing a very compact floor plan.
2. What are the main financial advantages of such a low assessed value?
The primary benefit is proportionally low municipal property taxes. With an assessed value of $20,300—ranking in the bottom 10-15% for the area—the annual tax burden will be minimal compared to larger homes.
3. Is this a good candidate for a renovation or expansion?
The 102-year-old structure will require a thorough inspection. However, the lot size (2,998 sqft) is adequate relative to the house, potentially allowing for an addition or reconfiguration, subject to zoning and budget.
4. How does the recent sale price compare to the assessed value?
The home sold in May 2023 for an estimated $16.5k-$19.5k, which aligns closely with its current assessed value of $20.3k. This suggests the assessment is grounded in its recent market transaction.
5. Who would this property not be suitable for?
It would not suit buyers needing multiple bedrooms, dedicated workspaces, or ample storage. The limited square footage demands efficient use of space and likely compromises on room size and layout flexibility typical of modern expectations.
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