Property score
63.8
Fair
Overall 63.8 · Newer than most nearby homes
1,066 sqft (top 33%) · Built in 2009 (62 yrs newer than avg)
Located in a above-average income area with median household income of ~87k
Transit 80.0 · 4-min walk to transit with 3 nearby routes · Within 500m: 1 school, 4 parks, and 1 place of worship nearby
Living Area
Near average
2% larger than neighborhood avg.
Year Built
Above average
62 yrs newer than neighborhood avg.
Mother tongue
English · 80%French · 5%
Past 10 years Kern Park sales snapshot (~80% of all data)
243
294.5k
$314/sqft
1947
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63.8 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” (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: #46110853
$87K
Median household income
$100K
Average household income
6%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.8
P90 / P10 ratio
25%
Single-person households
25%
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
508 Leola Street — 6 amenities found within 500 m, across 3 categories, including 1 education (nearest 232 m), 4 parks (nearest 320 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 | Top 9% | Top 11% | Bottom 49% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 508 Leola Street, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 508 Leola Street in Kern Park presents a compelling mix of modern convenience and value. Its key characteristic is its relative newness, built in 2009, making it one of the newest homes on its street and in the wider neighborhood. This suggests updated building systems and less immediate need for major repairs. The living space is a practical 1,066 sqft with a renovated basement, offering a turnkey interior. While the lot is compact at 3,100 sqft, this translates to lower maintenance—a significant appeal for those seeking a home without extensive yard work.
The property’s standout feature is its exceptional assessed value ranking locally. It sits in the top tier for assessed value on Leola Street and in Kern Park, indicating it is considered a high-value asset within its immediate community compared to its peers. This, combined with its modern build, positions it as a efficient, low-hassle property in a mature neighborhood.
This home would suit first-time buyers or downsizers looking for a modern, move-in-ready property without a premium price tag. It’s also a pragmatic choice for value-focused investors or buyers who prioritize interior space and modern construction over a large yard. The appeal lies in acquiring a newer, renovated home in an established area, where the investment is weighted more toward the building itself than the land.
Section 2: Frequently Asked Questions
1. What does the high assessed value ranking actually mean?
It means that, according to municipal assessment, this property holds a higher value relative to most other homes directly on Leola Street and within the Kern Park area. This can be a marker of solid investment within the local market context, though it's not a direct guarantee of future sale price.
2. Is the smaller lot size a major drawback?
It depends on your lifestyle. The lot is below average in size for the area, which limits expansive gardening or outdoor recreation space. However, it significantly reduces maintenance time and costs, which many buyers see as a benefit.
3. The home sold in late 2020. What does that recent sale history indicate?
A sale just over four years ago provides a clear, modern benchmark for its market value at that time. This recent data point makes analyzing price trends and current valuation more straightforward than for a property that hasn't changed hands in decades.
4. As a bi-level, what should I expect with the layout?
Bi-levels typically feature a short flight of stairs to the main living areas (kitchen, living room, bedrooms) and another short flight down to a lower level, which here includes a renovated basement. This layout can offer good separation of living and utility/social spaces.
5. There’s no garage. How is parking handled?
The listing indicates no garage. Parking would be via a driveway or on-street. It’s advisable to verify the exact parking provisions during a viewing to ensure it meets your needs.
