45.4
Below average
Property score
45.4
Below average
Overall 45.4
Smaller than most nearby homes
652 sqft (bottom 9%)
Built in 1948
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: 5 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
37% smaller than neighborhood avg.
Year Built
Near average
0 yrs newer 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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45.4 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
608 Mcadam Avenue — 5 amenities found within 500 m, across 1 categories, including 5 parks (nearest 356 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 | Top 35% | Top 29% | Bottom 37% |
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 608 Mcadam Avenue in Winnipeg's Jefferson neighbourhood is a compact, no-frills property built in 1948. Its key appeal lies in its affordability and straightforward layout, featuring a renovated basement and a detached garage. With a living area of 652 sqft, it is notably smaller than most comparable homes in the area, city, and on its own street. This results in a very low assessed value, which is reflected in its recent sold price range. The lot size is average for the area at just under 5,000 sqft. It suits first-time buyers or investors seeking an entry point into the market with minimal upfront cost, or those looking for a manageable, low-maintenance footprint. Its value is primarily in the land and location rather than the size or condition of the existing structure, making it a potential candidate for a long-term hold or future redevelopment.
Key Considerations & FAQs
1. Why is the house so affordable?
The primary reason is its significantly below-average living space. At 652 sqft, it is much smaller than typical area homes, which directly impacts its assessed and market value.
2. Is this a good investment property?
Given its low price point and average-sized lot, it could be attractive for rental income or as a long-term land investment. However, the very small living area may limit rental appeal and potential for significant appreciation without expansion or redevelopment.
3. What does "renovated basement" mean?
The listing notes a renovated basement, which adds functional living space. Given the home's small main-floor footprint, this basement is likely a crucial part of the home's usable area.
4. How does it compare to neighbours?
The data shows it ranks in the bottom 10% for living area on its own street and in Jefferson. This means it is distinctly smaller than surrounding homes, which is a key differentiator.
5. What are the less obvious things to consider?
A thoughtful perspective is that this property represents pure essentials: shelter and land. Its value isn't in luxury or space, but in providing an economical foothold. The average lot size offers flexibility that the small house does not, presenting options for future gardening, storage, or expansion that similar-priced condos cannot.
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