43.5
Below average
Property score
43.5
Below average
Overall 43.5
Smaller and older than most nearby homes
680 sqft (bottom 11%)
Built in 1927 (21 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: 6 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
34% smaller than neighborhood avg.
Year Built
Below average
21 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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43.5 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
582 Mcadam Avenue — 6 amenities found within 500 m, across 1 categories, including 6 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 8% | Bottom 9% | Bottom 6% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This one-storey home at 582 Mcadam Avenue in Winnipeg's Jefferson neighbourhood presents a straightforward, entry-level opportunity. Built in 1927, its key characteristic is its compact 680 sqft living area, which is notably smaller than most comparable homes in the area, street, and city. The property sits on a roughly average 4,496 sqft lot and includes a detached garage and an unrenovated basement. Its assessed value is significantly below average for the city.
The appeal here lies almost entirely in affordability and potential. With a historically low sale price and a below-average assessed value, it represents one of the most accessible points of entry into the Winnipeg market. It suits a very specific buyer: a hands-on first-time purchaser, an investor looking for a rental property with minimal initial outlay, or someone seeking a modest footprint with land. The value is in the lot and the structure's shell, offering a chance to build equity through gradual updates. A less obvious perspective is that its small size and unrenovated state could be a strategic advantage for those wishing to customize without the burden of removing expensive, recent but undesirable finishes.
Frequently Asked Questions
1. Why is the assessed value so much lower than the citywide average?
The assessed value reflects the property's smaller size, older age, and lack of renovation relative to the broader market. It is more in line with values in its immediate area and is based on its current condition, not potential.
2. What does "below average" for living area mean for daily life?
With 680 sqft, the home's living space is efficient. It will require thoughtful furniture choices and organization. The unrenovated basement presents future potential to add functional space, but that would be a separate project.
3. Who would this property be a good fit for?
It is best suited for a budget-conscious buyer comfortable with a project, whether immediate or over time. This includes contractors, DIY enthusiasts, or investors. It is likely less suitable for those seeking a move-in-ready home or more spacious accommodations.
4. What are the main considerations with a home built in 1927?
While offering classic character, a home of this age may have outdated electrical, plumbing, or insulation. The unrenovated state means these systems are likely original. A thorough inspection is essential to understand the scope of any needed updates.
5. The lot size is noted as "around average." Is that a positive?
Yes. In a neighbourhood of similarly sized lots, it means the property isn't at a disadvantage regarding outdoor space. For a smaller home, an average-sized lot provides valuable extra room for gardening, storage, or future expansion, which is a key asset.
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