Property score
72.3
Good
Overall 72.3 · Larger but older than most nearby homes
1,545 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 · 3-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
48% 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)
234
400k
$328/sqft
1963
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72.3 is composed by the two sections below.
Property Score
Community Score
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.
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: #46110766
$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
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
511 Sly Drive — 12 amenities found within 500 m, across 5 categories, including 1 education (nearest 252 m), 1 shopping (nearest 261 m), 8 parks (nearest 76 m).
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%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 18% | Top 12% | Top 37% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 511 Sly Drive, Margaret Park, Winnipeg
Key Characteristics & Appeal
This home presents a compelling mix of space and value within the established Margaret Park neighborhood. Its primary appeal lies in its generous living area of 1,545 sq ft, which ranks in the top 6% for its immediate street and the top 2% within the wider Margaret Park area, offering significantly more interior space than many local comparables. The lot size, while average for the city, is notably above average for the neighborhood, providing good outdoor space.
The property’s assessed value is positioned below average for Sly Drive itself but aligns more closely with area and city-wide averages, suggesting a potential value opportunity for a larger home on a decent lot. Built in 1964, it is a mature home that may appeal to buyers comfortable with the character and potential update projects of an older property. This home would best suit practical buyers looking for above-average interior space in a settled area, who may see value in a home that isn’t the newest on the block but offers a strong footprint and lot size for the price point.
Frequently Asked Questions
1. Is this house a good value compared to others on the street?
The data suggests it might be. While it offers more living space than most neighbors (top 6%), its assessed value ranks in the bottom quarter of Sly Drive. This discrepancy could indicate a value proposition, though it may also reflect the home’s older age or condition relative to nearby properties.
2. How does the lot size compare?
At just over 6,200 sq ft, the lot is below the average for Sly Drive but is actually in the top 17% for the entire Margaret Park area. This means you’re getting a larger-than-typical yard for the neighborhood, even if it’s not the largest on the street.
3. What can the recent sale price range tell me?
The property sold in 2024 for an estimated $350k-$400k. This placed it in the top 18% of sale prices for Sly Drive and the top 12% for Margaret Park, confirming that buyers have recently paid a premium for this home, likely due to its larger size.
4. The home was built in 1964. What should I consider?
As a home from the mid-1960s, major systems like roofing, plumbing, electrical, and windows may be at or beyond their typical lifespan. A thorough inspection is essential to understand the condition and potential upcoming investments, which is typical for homes of this era.
5. How accurate is the assessed value for determining market price?
Assessed value is for municipal tax purposes and is often a lagging indicator. The more relevant figure is the 2024 sale price range, which reflects what the market recently paid. The assessed value being lower than that sale price is a common scenario.
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