48.5
Below average
Property score
48.5
Below average
Overall 48.5
Smaller than most nearby homes
796 sqft (bottom 25%)
Built in 1948
Located in a above-average income area
with median household income of ~84k
Transit 80.0
3-min walk to transit with 3 nearby routes
Within 500m: 6 parks, and 1 place of worship nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
23% 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
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
48.5 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
615 Matheson Avenue — 7 amenities found within 500 m, across 2 categories, including 6 parks (nearest 317 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 5% | Bottom 7% | Bottom 5% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 615 Matheson Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1948, featuring a renovated basement and a detached garage. With 796 sqft of living space, it is notably smaller than most area homes, placing it in the top 10-15% for compact size citywide. Its assessed value, however, is strong for the immediate Jefferson neighbourhood, ranking above average locally. This creates an interesting dynamic: you're acquiring a home with a solid valuation foundation on a standard 5,036 sqft lot, but with a much smaller footprint than typical.
The primary appeal lies in its efficiency and potential. It suits buyers looking for an affordable entry into the market, downsizers seeking a manageable space without a condo fee, or investors interested in a character home with a renovated basement for rental income. Its above-average assessment for Jefferson suggests it is viewed favorably within the context of its specific streets and nearby sales, rather than citywide averages. A thoughtful perspective is that the smaller size translates to lower utility costs and less maintenance, while the renovated basement immediately adds functional space.
Section 2: Frequently Asked Questions
1. Is the house unusually small?
Yes. At 796 sqft, the living area is significantly below the average for similar homes in Jefferson (approx. 1,029 sqft) and citywide (approx. 1,342 sqft). This is its defining characteristic.
2. Why is the assessed value relatively high for a smaller home?
While the home is compact, its assessed value ranks above average for the Jefferson neighbourhood. This is likely due to a combination of the renovated basement, the property's condition, and recent sales data from very nearby comparable homes.
3. What is included in the "renovated basement"?
The listing confirms the basement is renovated but does not specify the details. This would be a key point to clarify with the seller or listing agent regarding the finish, ceiling height, permits, and intended use.
4. How does the 2016 sale price relate to the current assessed value?
The home sold for between $145k and $175k in May 2016. The current assessed value is $309,000. This increase reflects broader market trends over nine years and the impact of the basement renovation.
5. Are the nearby reference properties good comparables?
The listed references, like 575 Matheson Ave, have similar size and assessed value, making them useful for understanding the immediate micro-market. However, others on the list are from different neighbourhoods and vary greatly in size, underscoring the importance of focusing on the most local Jefferson data.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
