Property score
45.7
Below average
Overall 45.7 · Newer than most nearby homes
725 sqft (bottom 42%) · Built in 1958
Located in a above-average income area with median household income of ~77k
Transit 82.0 · 1-min walk to transit with 2 nearby routes · Within 500m: 1 school, 3 parks, and 1 place of worship nearby
Living Area
Near average
5% smaller than neighborhood avg.
Year Built
Above average
0 yrs newer than neighborhood avg.
Mother tongue
English · 88%Tagalog · 4%
Past 10 years Kern Park sales snapshot (~80% of all data)
10
139k
$173/sqft
1958
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45.7 is composed by the two sections below.
Property Score
Community Score
Kern Park
How to read: Share of sales in each ~$50k price band for “kern park” (Condos, 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: #46110837
$77K
Median household income
$88K
Average household income
13%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
30%
Single-person households
22%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
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
2-303 Leola Street — 5 amenities found within 500 m, across 3 categories, including 1 education (nearest 391 m), 3 parks (nearest 236 m).
Kern Park · WPS public data · 2026
Annual incidents
1
2026
vs. city avg
-97%
relative to avg
Year-over-year
▼ -99%
vs. prior year
Primary type
Violent
100%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 30% | Bottom 30% | Bottom 3% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Property Overview
This is a 725 sqft condo unit located at 2-303 Leola Street in Winnipeg's Kern Park neighbourhood. Built in 1958, it presents a specific value proposition defined by its comparative data. Its appeal lies in being an entry-point property with very low carrying costs, situated in an established area. The unit last sold in May 2024.
Key Characteristics & Ideal Buyer
The unit’s most defining feature is its exceptionally low assessed value ($11,400), which places it in the bottom 3% of properties citywide. This translates to predictably low property taxes, a significant and ongoing financial advantage. The living space is average for its immediate condo complex and Kern Park area, but below the Winnipeg average. Being the oldest building on its street (ranked 1 of 12 by year built) suggests a well-established, no-frills structure rather than a modern build.
This property would suit a specific type of buyer: a first-time investor looking for a cash-flow positive rental with minimal tax overhead, or an extremely budget-conscious owner-occupant (such as a retiree or minimalist) whose primary goal is to minimize fixed housing costs. Its value is purely functional and financial rather than based on size, luxury, or modern amenities. It’s a practical choice for those who view a home primarily as a cost center to be managed.
Frequently Asked Questions
1. Why is the assessed value so much lower than other properties?
The assessed value is based on the municipal valuation, which for a condo includes the unit's share of the building and land. This low value likely reflects the building's age (1958), the unit's modest size, and its relative position within the Winnipeg market. It consistently ranks in the bottom 10% for its street, neighbourhood, and city.
2. What does the sale history indicate?
The unit sold in May 2024 for an estimated range of $9,500 to $12,500. This recent sale close to its assessed value suggests a stable, non-speculative market for this type of property.
3. Who manages the condo corporation, and what are the fees?
This information is not provided in the public data. A potential buyer must request the condo corporation's financial statements, bylaws, and reserve fund study from the seller to understand monthly fees, management, and the health of the building.
4. How does its age affect potential repairs or updates?
Built in 1958, major building systems (roof, plumbing, electrical common elements) may be older or have been updated over time. An inspection is crucial to understand the condition of the unit itself and any upcoming special assessments the corporation might levy for major repairs.
5. Are the other units in the building similar?
The listing shows several adjacent units at 303 Leola Street with the same assessed value and year built, indicating this is part of a uniform, older condo complex. This can mean predictability but also shared challenges related to the building's age.
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