60.7
Fair
Property score
60.7
Fair
Overall 60.7
Compared with neighbourhood average
1,028 sqft (top 48%)
Built in 1952 (4 yrs newer than avg)
Located in a above-average income area
with median household income of ~84k
Transit 74.0
4-min walk to transit with 2 nearby routes
Within 500m: 6 parks, and 2 place of worships nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
0% smaller than neighborhood avg.
Year Built
Near average
4 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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60.7 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
650 Matheson Avenue — 8 amenities found within 500 m, across 2 categories, including 6 parks (nearest 216 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 40% | 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: 650 Matheson Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Matheson Avenue in the Jefferson neighbourhood presents a practical opportunity. Built in 1952, its 1,028 sqft living area is modest but competitively sized for the immediate area. A key feature is the renovated basement, adding functional living space. The property sits on a roughly 5,600 sqft lot, which is above average for Jefferson, offering good outdoor potential, and includes a detached garage.
The primary appeal lies in its strong value proposition within its local context. The home's assessed value ranks significantly above average for both Matheson Avenue and the wider Jefferson area, suggesting it is viewed as a solid asset compared to its peers. This, combined with the renovated basement and decent lot size, indicates a property that has been maintained and offers a stable foundation.
This home would suit first-time buyers or practical downsizers looking for an entry into a established neighbourhood without a premium price tag. It’s for a buyer who values a larger lot and functional updates (like the basement) over a large or modernized main floor. The data suggests it’s a property that holds its own very well on its street and in its district, even if its size is more modest by city-wide standards.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home last sold in July 2020 for an estimated $27.5k-$30.5k. Its current assessed value of $35.9k is higher, which is typical as assessments aim to reflect market value over time. This increase also aligns with its above-average assessment ranking in the area.
2. Is the living space sufficient for a family?
At just over 1,000 sqft on the main floor, the living area is compact. However, the renovated basement effectively doubles the usable space, making it more viable for a small family. The above-average lot size also provides valuable room for children or pets to play.
3. What does the "above average" assessment ranking mean for taxes?
While an above-average assessment in the neighbourhood indicates the property is considered relatively valuable, property taxes are based on the mill rate applied to your assessment. A higher assessment typically results in higher taxes, but it also generally reflects stronger market value and equity.
4. How does the age of the home (1952) affect things?
A home from 1952 is newer than many on its street, which is a positive. Buyers should still budget for maintenance consistent with a 70+ year old house, such as potential updates to original plumbing, electrical, or windows, even with a renovated basement.
5. What is the significance of the detached garage?
A detached garage offers flexibility—it can be used for vehicle storage, a workshop, or extra storage without impacting the main house's layout. It may also present future potential (subject to regulations) for conversion into a studio or workspace, adding to the property's utility.
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