491 Sly Drive

Margaret Park, Winnipeg

Property score

74.8

Good

Overall 74.8 · Larger but older than most nearby homes

1,614 sqft (top 2%) · Built in 1964 (1 yr newer than avg)

Located in a above-average income area with median household income of ~72.5k

Transit 86.0 · 4-min walk to transit with 4 nearby routes · Within 500m: 1 school, 1 shop, 8 parks, and 1 place of worship nearby

Living Area

Above average

54% larger than neighborhood avg.

Year Built

Below average

1 yrs newer than neighborhood avg.

Mother tongue

English · 63%Tagalog · 15%

Past 10 years Margaret Park sales snapshot (~80% of all data)

Sold Count

234

Median price

400k

$/sqft

$328/sqft

Avg build year

1963

Need help understanding this property?

Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.

Usually replies in a few minutes

Property score

74.8 is composed by the two sections below.

Property Score

74.3Good
Living Area1,614 sqft83Excellent
Year Built196446Low
Lot Size8,169 sqft93Excellent
Neighbourhood Sales Activity28Low

Community Score

75.6Good
Household Income74Good
Education Level82Excellent
Housing Stress74Good
Core Housing Need88Excellent
Employment Health60Fair

Neighbourhood Sales

Margaret Park

How to read: Share of sales in each ~$50k price band for “margaret park” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110766

Community deep dive

$73K

Median household income

$93K

Average household income

8%

Low income (LIM-AT)

0.2

Income inequality (Gini)

2.7

P90 / P10 ratio

32%

Single-person households

24%

Families with children

Population, labour & age

Population (2021)621
Labour force participation rate58%
Median age42.8
Avg household size2.4
Unemployment rate6%
Population density3105 / km²

Households & income

Low income (LIM-AT, % pop.)8%
Single-person households32%
Couple families with children24%
Median household income (2020)$73K

Housing

Renter households33%
Condominium dwellings0%
Median dwelling value (owners)$320K

Diversity, education & language

Immigrants (share of pop.)33%
Visible minority41%
Bachelor's or higher (25–64)40%
Mother tongue (1st)English · 62%
Mother tongue (2nd)Tagalog · 14%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

Elite
1,614 sqft
0255075100
Same streetTop 3%Same areaTop 2%CitywideTop 25%
Same street · Sly Drive
#1 / 33
Top 3% · Avg 1,205 sqft
Same area · Margaret Park
#11 / 676
Top 2% · Avg 1,047 sqft
Citywide · Winnipeg
#48,063 / 194,458
Top 25% · Avg 1,342 sqft

Tax-Assessed Value

above average
369k
0255075100
Same streetTop 12%Same areaTop 8%CitywideTop 47%
Same street · Sly Drive
#4 / 33
Top 12% · Avg 345.5k
Same area · Margaret Park
#51 / 676
Top 8% · Avg 304.6k
Citywide · Winnipeg
#91,965 / 194,458
Top 47% · Avg 390.1k

Year Built

around average
1964
0255075100
Same streetBottom 12%Same areaBottom 22%CitywideBottom 46%

Lot Size

Elite
8,169 sqft
0255075100
Same streetTop 18%Same areaTop 4%CitywideTop 11%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

491 Sly Drive — 12 amenities found within 500 m, across 5 categories, including 1 education (nearest 223 m), 1 shopping (nearest 347 m), 8 parks (nearest 150 m).

Search radius
🏫Education1
🛒Shopping1
🌳Parks8
Worship1
🏛️Government1

Crime & Safety

Margaret Park · WPS public data · 2026

Annual incidents

16

2026

vs. city avg

-46%

relative to avg

Year-over-year

-89%

vs. prior year

Primary type

Property

63%

Sales History

Sold 5/2020CA$300k–350k
Sold price

Same street

Bottom 27%

Same area

Top 35%

City-wide

Bottom 42%

Related homes

Highlights & common questions: 491 Sly Drive, Winnipeg

Property Overview: 491 Sly Drive, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 491 Sly Drive presents a compelling case based on space and land. Its primary strength is its generous 1,614 sqft living area, which ranks in the top 3% of homes on its street and the top 2% within the Margaret Park neighbourhood. This means it offers significantly more interior space than most comparable local properties. Coupled with an expansive 8,169 sqft lot—ranking in the elite top 4% for the neighbourhood—the property provides substantial room both indoors and out.

The appeal lies in this rare combination of a larger-than-average home on a much larger-than-average lot for the area, suggesting potential for privacy, outdoor enjoyment, or future expansion. Its assessed value is strong for the immediate locale, ranking above average on the street and in Margaret Park. The home, built in 1964, is typical of its era for the wider city but is one of the older homes on its specific street.

This property would best suit buyers who prioritize interior space and yard size over a newer build. It’s ideal for someone looking for a established home with room to grow in a mature neighbourhood, potentially offering more value in terms of square footage than newer constructions nearby. It may also appeal to those who see the lot size as a long-term asset.

Section 2: Frequently Asked Questions

1. How does this home’s size compare to others nearby?
It is notably larger than most. The living area is in the top 2% for the Margaret Park neighbourhood, meaning it has more interior space than 98% of comparable homes in the area.

2. Is the lot size a significant feature?
Yes. The 8,169 sqft lot is a standout, ranking in the top 4% for the neighbourhood. This is a much larger parcel than the typical lot in Margaret Park, which averages around 5,139 sqft.

3. The home was built in 1964. Should I be concerned?
The build date is around the citywide average but is older than most on Sly Drive. This is typical for the area and suggests a mature, established streetscape. Buyers should factor in a thorough inspection common for homes of this age.

4. What does the sold price history indicate?
The home sold between $300k-$350k in 2020. Market conditions have changed since then, so this provides a historical anchor point rather than a current valuation. The exact price is available upon request from the listing service.

5. Are the property taxes likely to be high?
The assessed value of $36,900k is above average for both the street and the neighbourhood, which typically correlates with higher property taxes than nearby, smaller properties. However, it is around the citywide average for comparable homes.

Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.