48.8
Below average
Property score
48.8
Below average
Overall 48.8
Smaller than most nearby homes
954 sqft (bottom 15%)
Built in 1960 (4 yrs older than avg)
Located in a average-income area
with median household income of ~52.8k
Transit 86.0
3-min walk to transit with 4 nearby routes
Within 500m: 8 dining spots, 1 school, 1 healthcare facility, and 3 shops nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
30% smaller than neighborhood avg.
Year Built
Near average
4 yrs older than neighborhood avg.
Mother tongue
English · 81%French · 2%
Past 10 years Kirkfield sales snapshot (~80% of all data)
249
320.5k
$335/sqft
1964
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48.8 is composed by the two sections below.
Property Score
Community Score
Kirkfield
How to read: Share of sales in each ~$50k price band for “kirkfield” (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: #46110332
$53K
Median household income
$62K
Average household income
15%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.8
P90 / P10 ratio
58%
Single-person households
7%
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
481 Shelley Street — 25 amenities found within 500 m, across 10 categories, including 8 dining (nearest 260 m), 1 education (nearest 249 m), 1 healthcare (nearest 243 m).
Kirkfield · WPS public data · 2026
Annual incidents
8
2026
vs. city avg
-73%
relative to avg
Year-over-year
▼ -92%
vs. prior year
Primary type
Property
63%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 30% | Bottom 24% | Bottom 31% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 481 Shelley Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modest, one-storey home in Winnipeg's Kirkfield neighbourhood, built in 1960. Its key characteristic is its affordability, reflected in a below-average assessed value for the street and area. With 954 sqft of living space, the home is compact, placing it in the smaller range compared to most local and city-wide peers. A renovated basement adds functional space, and the property includes a detached garage and a standard-sized lot just under 5,750 sqft.
The primary appeal lies in its position as a potential entry point into the housing market. It suits first-time buyers, downsizers, or investors seeking a straightforward, lower-maintenance property without major renovations. The renovated basement offers immediate utility for extra living space, a home office, or rental potential. A thoughtful perspective: while the home ranks below average in size and value on its street, this can represent a value opportunity in a stable, established neighbourhood, allowing for equity growth through ownership itself rather than purchasing a premium-priced property.
Section 2: Frequently Asked Questions
1. Is this a "fixer-upper" or move-in ready?
The listing notes a renovated basement, suggesting some updates have been made. However, as a home from 1960, prospective buyers should be prepared for potential updates to the main living areas, roof, or major systems, which is typical for houses of this era.
2. How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes and is often lower than market value. The last known sold price range was $25.5k-$28.5k in 2017. The current market value will be determined by recent sales, condition, and demand.
3. What are the advantages of a smaller home and lot?
Lower utility costs, less maintenance, and a more manageable scale for gardening and yard work. This can be a significant benefit for those looking to minimize upkeep time and expense.
4. The home ranks "below average" in size for the area. Is that a concern?
Not necessarily. It indicates the home is more compact than many in Kirkfield, which directly contributes to its affordability. It may be perfectly sized for individuals, couples, or small families.
5. What should I research about the Kirkfield neighbourhood?
Consider typical amenities for daily life, traffic patterns on Shelley Street, and the mix of housing in the immediate area. It's also wise to look into any long-term community development plans from the city that might affect the area.
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