Property score
How it stacks up
Detailed ranking analysis ▼
Street Level (Jefferson Avenue): Around Average. Ranked #49 out of 210 (Top 23%). The street average for comparable homes is 908 sqft.
Neighborhood Level (Leila-Mcphillips Triangle): Around Average. Ranked #124 out of 459 (Top 27%). The neighborhood average for comparable homes is 937 sqft.
Citywide Level (Winnipeg): Around Average. Ranked #12,499 out of 26,841 (Top 47%). The citywide average for comparable homes is 1,042 sqft.
Street Level (Jefferson Avenue): Around Average. Ranked #60 out of 210 (Top 29%). The street average for comparable homes is 165.5k.
Neighborhood Level (Leila-Mcphillips Triangle): Around Average. Ranked #156 out of 459 (Top 34%). The neighborhood average for comparable homes is 176.3k.
Citywide Level (Winnipeg): Below Average. Ranked #20,049 out of 26,841 (Bottom 25%). The citywide average for comparable homes is 276.9k.
Street Level (Jefferson Avenue): Above Average. Ranked #25 out of 210 (Top 12%). The street average for comparable homes is 1974.
Neighborhood Level (Leila-Mcphillips Triangle): Below Average. Ranked #316 out of 459 (Bottom 31%). The neighborhood average for comparable homes is 1985.
Citywide Level (Winnipeg): Below Average. Ranked #18,777 out of 26,841 (Bottom 30%). The citywide average for comparable homes is 1990.
Leila-Mcphillips Triangle market pulse
How to read: Share of sales in each ~$50k price band for “leila-mcphillips triangle” (Condos, 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
- Exact sold prices
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- Neighbourhood insights
- Recent sold count in the area
Who lives in this neighbourhood
Transit, amenities & safety
Nearby Amenities
602-937 Jefferson Avenue — 14 amenities found within 500 m, across 6 categories, including 6 dining (nearest 164 m), 3 shopping (nearest 186 m), 2 parks (nearest 351 m).
Crime & safety
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Related homes
Nearby interested homes
Address · Year Built · Living Area
Nearby properties
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Similar assessed value
Address · Tax-Assessed Value
Is this home right for you?
Property Summary: 602-937 Jefferson Avenue
Section 1: Key Characteristics & Appeal
This is a compact, no-frills property built in 1977, offering 1,020 square feet of living space. Its most defining feature is its exceptionally low assessed value, which ranks in the top 8% for all of Winnipeg, indicating a very accessible entry point into the market. The home sits on a street with newer properties and has a larger living area than many of its immediate neighbours and city-wide comparisons.
The primary appeal lies in its function as a practical and affordable foundation. It suits first-time buyers, investors seeking a low-cost rental property, or those looking to minimize their property tax burden. The data suggests it's a property where value is derived from its land and location within the Leila-Mcphillips Triangle, rather than from high-end finishes or amenities. A thoughtful perspective is that this type of property can represent true affordability, allowing owners to build equity without a massive initial outlay, or to keep monthly carrying costs low for greater financial flexibility.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than similar-sized homes?
Assessed value is based on municipal evaluation for tax purposes and is influenced by factors like the property's condition, specific location, and recent sales of comparable homes. A value this low typically reflects the market's valuation of the property in its current state.
2. What does "No Basement" mean for this home?
The home is built on a slab foundation, meaning there is no underground basement level for storage, utilities, or living space. All living areas and mechanical systems are on the main floor.
3. Is the low property tax a permanent advantage?
While the current assessed value results in low taxes, municipal property assessments are periodically updated. If the neighbourhood sees significant market increases or improvements are made to the property, the assessed value—and thus the taxes—could rise in the future.
4. Who might this property not be suitable for?
It may not suit buyers looking for a move-in-ready home with modern amenities, those who require extensive storage or basement space, or families needing multiple bedrooms, as the layout is compact.
5. The "related homes" list shows a wide range of values. What does that mean?
The list includes homes you might have viewed online and homes with similar assessed values from across Winnipeg. The wide range highlights that this property is at the most affordable end of the spectrum, even compared to other modest homes, underscoring its unique position as a low-cost option.