Property score
51.4
Fair
Overall 51.4 · Smaller and older than most nearby homes
900 sqft (bottom 30%) · Built in 1911 (36 yrs older 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, 1 shop, 4 parks, and 1 place of worship nearby
Living Area
Below average
14% smaller than neighborhood avg.
Year Built
Below average
36 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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51.4 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
550 Ravelston Avenue E — 7 amenities found within 500 m, across 4 categories, including 1 education (nearest 121 m), 1 shopping (nearest 421 m), 4 parks (nearest 343 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 6% | Bottom 4% | Bottom 4% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
550 Ravelston Avenue E is a one-and-a-half storey home in Winnipeg's Kern Park neighbourhood, built in 1911. With 900 sqft of living space and a 3,300 sqft lot, it features a detached garage and an unfinished basement. The home's assessed value is notably below average for its street, neighbourhood, and the city.
Key Characteristics & Appeal
This property is defined by its historic character and its position as a more affordable entry point into homeownership. Its appeal lies in its simplicity and potential. The living space is manageable for a small household, and the detached garage offers valuable storage or workshop space. The lot size is fairly typical for the immediate street, providing adequate outdoor space without being burdensome to maintain.
It would suit a first-time buyer, an investor, or a downsizer comfortable with a home of this vintage. A buyer with a vision for gradual, cosmetic updates could find good value here, as the price point likely reflects the home's age and basic condition. It’s a practical choice for someone seeking a lower ongoing tax burden, given its well-below-average assessed value. However, it requires a realistic perspective on the maintenance and potential updating needs of a 115-year-old structure.
Frequently Asked Questions
1. What does the assessed value tell me about the property?
The assessed value is significantly below averages at every comparison level. This typically suggests a more basic level of finish and amenities, and results in lower property taxes. It is a strong indicator of the home's positioning as an affordable option.
2. Are there concerns with a house built in 1911?
While offering charm, a home of this age will have older building systems (like wiring and plumbing) and likely requires more maintenance. A thorough inspection is essential to understand the condition of the foundation, roof, and structure. The basement is noted as "not renovated," which is common for homes of this era.
3. How does the living space compare to other homes?
At 900 sqft, it is slightly below average for Kern Park and notably smaller than the typical Winnipeg home. This confirms it as a compact, efficient living space best suited for individuals, couples, or small families.
4. What is the significance of the recent sold price range?
The sold price from April 2023 (13.5k-16.5k) is consistent with the low assessed value and indicates a very modest price point. This history reinforces the property's role as an entry-level or investment-grade asset rather than a renovated family home.
5. What are the less obvious considerations for this home?
Consider the trade-off: the lower taxes and purchase price come with the responsibility of stewarding an older property. Also, while the lot is a good size for the street, it is below the neighbourhood and city averages, which may influence future expansion potential or relative value compared to homes on larger lots.
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