43.4
Below average
Property score
43.4
Below average
Overall 43.4
Smaller and older than most nearby homes
726 sqft (bottom 8%)
Built in 1906 (41 yrs older than avg)
Located in a above-average income area
with median household income of ~87k
Transit 80.0
5-min walk to transit with 3 nearby routes
Within 500m: 1 school, 5 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
31% smaller than neighborhood avg.
Year Built
Below average
41 yrs older 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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43.4 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
516 Ravelston Avenue E — 7 amenities found within 500 m, across 3 categories, including 1 education (nearest 171 m), 5 parks (nearest 334 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 36% | Bottom 34% | Bottom 18% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Bottom 1% | Bottom 2% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 516 Ravelston Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home in Winnipeg's Kern Park neighborhood, built in 1906. With 726 square feet of living space, it is notably smaller than most homes on its street, in the area, and across the city. It sits on a 3,300 sqft lot, which is closer to the average for the immediate vicinity. Key features include a detached garage and an unfinished basement. The home's assessed value is significantly below local and city-wide averages.
Its primary appeal lies in its position as an accessible entry point into homeownership. The very low assessed value and recent sold price history suggest it is one of the most affordable detached properties available. This isn't a move-in-ready showhome; its value is in the land, location, and potential. It perfectly suits first-time buyers, investors, or handy individuals looking for a foundational project. The buyer should be prepared for the realities of a 120-year-old structure and see its below-average metrics not as drawbacks, but as the reason for its unique affordability. It's a property for someone who views a home as a long-term canvas rather than a finished product.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the home's age, smaller size, and condition relative to the broader market. It is characteristic of a historic, modest-sized home that likely requires modernization.
2. What are the main considerations with a home built in 1906?
Prospective buyers should budget for and investigate updates to major systems like wiring, plumbing, and insulation. While offering charm, a home of this age requires a thorough inspection to understand the scope of maintenance or renovation needed.
3. Is the lot size a limitation?
At 3,300 sqft, the lot is manageable and fairly typical for the specific street. It provides adequate outdoor space for a garden or patio without the high maintenance of a larger yard, which can be a practical advantage.
4. How reliable are the sold price ranges shown?
The ranges are based on publicly available data. For precise historical sale figures to inform your offer, you can request the exact sold price history via email from the listing service.
5. Who would this property not be suitable for?
It would likely not suit buyers seeking a turn-key, modern home with ample space for a growing family. Those unwilling or unable to undertake renovations or manage the upkeep of an older character home may find it a challenging fit.
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