Property score
39.1
Below average
Overall 39.1 · Smaller but newer than most nearby homes
265 sqft (bottom 1%) · 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
Below average
65% 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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39.1 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
3-303 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 1% | Bottom 1% | Bottom 1% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Property Overview: 3-303 Leola Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, no-basement condo unit in Winnipeg's Kern Park neighbourhood. Its defining characteristic is its exceptionally low cost of entry, reflected in both its modest size (265 sq ft) and its very low assessed value ($5,900). Built in 1958, it is one of the older units on its street. The appeal lies almost entirely in its affordability and function as a bare-minimum housing solution. It is the most affordable unit in its immediate area and ranks among the very lowest in assessed value city-wide.
This property would suit a very specific buyer: someone seeking the absolute lowest possible purchase price to gain a foothold in the market, an investor looking for an ultra-low-cost rental unit, or possibly someone needing a minimal, utilitarian city space. It is not suited for those requiring space, modern amenities, or who plan to live in it with others. A thoughtful perspective is that, while its metrics are at the bottom of nearly every ranking, this presents a unique opportunity for budget-focused strategies where the monthly carrying costs are the primary—and perhaps only—concern.
Section 2: Frequently Asked Questions
1. What does the ranking "12 of 12" mean for Living Area and Value?
It means this unit is the smallest and has the lowest assessed value compared to the 12 comparable properties on Leola Street. It is at the absolute bottom of its immediate peer group for size and official valuation.
2. Is there a recent sale price available?
An exact sale price is not publicly listed. Available data indicates it last sold between February 2016 for a price in the range of $4,500 to $7,500. The current assessed value is $5,900.
3. What are the monthly condo fees, and what do they cover?
This information is not provided in the available data. This is a critical question to ask the listing agent or property manager, as fees can significantly impact the total affordability of a low-value unit.
4. How does the 1958 build year affect the unit?
While it's one of the older buildings on its street, its age is typical for the immediate area. The main considerations will be the condition of major building systems (roof, plumbing, wiring) and whether the condo corporation has a healthy reserve fund for future repairs, which due diligence should uncover.
5. Could this be used as a rental property?
Given its ultra-low purchase price, it could be attractive for rental investment. Success would depend heavily on the monthly condo fees, the building's rules on rentals, and the achievable rent in the Kern Park area relative to those total costs.
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