539 Sly Drive

Margaret Park, Winnipeg

Property score

69.4

Good

Overall 69.4 · Larger than most nearby homes

1,220 sqft (top 19%) · Built in 1966 (3 yrs newer than avg)

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

Transit 94.0 · 2-min walk to transit with 4 nearby routes · Within 500m: 1 school, 2 shops, 8 parks, and 1 place of worship nearby

Living Area

Above average

16% larger than neighborhood avg.

Year Built

Near average

3 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

69.4 is composed by the two sections below.

Property Score

65.3Good
Living Area1,220 sqft66Good
Year Built196652Fair
Lot Size8,186 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

above average
1,220 sqft
0255075100
Same streetTop 36%Same areaTop 19%CitywideTop 48%
Same street · Sly Drive
#12 / 33
Top 36% · Avg 1,205 sqft
Same area · Margaret Park
#130 / 676
Top 19% · Avg 1,047 sqft
Citywide · Winnipeg
#93,750 / 194,458
Top 48% · Avg 1,342 sqft

Tax-Assessed Value

above average
359k
0255075100
Same streetTop 24%Same areaTop 12%CitywideBottom 49%
Same street · Sly Drive
#8 / 33
Top 24% · Avg 345.5k
Same area · Margaret Park
#82 / 676
Top 12% · Avg 304.6k
Citywide · Winnipeg
#98,457 / 194,458
Bottom 49% · Avg 390.1k

Year Built

above average
1966
0255075100
Same streetTop 15%Same areaTop 46%CitywideBottom 48%

Lot Size

Elite
8,186 sqft
0255075100
Same streetTop 15%Same areaTop 3%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

539 Sly Drive — 13 amenities found within 500 m, across 5 categories, including 1 education (nearest 342 m), 2 shopping (nearest 149 m), 8 parks (nearest 59 m).

Search radius
🏫Education1
🛒Shopping2
🌳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 11/2022CA$350k–400k
Sold price

Same street

Top 45%

Same area

Top 19%

City-wide

Top 44%
Sold 8/2020CA$250k–300k
Sold price

Same street

Bottom 9%

Same area

Bottom 42%

City-wide

Bottom 26%

Related homes

Highlights & common questions: 539 Sly Drive, Winnipeg

Property Overview

539 Sly Drive presents a well-situated home in Winnipeg's Margaret Park neighbourhood. Its primary appeal lies in offering above-average space and land for the area, housed within a character home from the 1960s. The property suits buyers looking for a established home with room to grow or garden, who value a lot size that stands out in the broader community, and who are comfortable with a home of vintage construction that may require updates.

Key Characteristics & Appeal

This home offers 1,220 sqft of living space, which is competitive for both its immediate street and the Margaret Park area. Its most distinctive feature is the land: at over 8,100 sqft, the lot size ranks in the top 3% for the neighbourhood, providing exceptional outdoor space that is rare for the area. The assessed value is consistently above average for the street and neighbourhood, suggesting a solid perceived value relative to nearby properties.

The home’s appeal is grounded in space and location. It’s a property for those who prioritize a generous, private yard over a newly built interior. It would suit a practical buyer—perhaps a family, a gardener, or someone wanting room for a workshop or addition—who sees the potential in the sizable lot and is prepared for the maintenance or modernization that comes with a home built in 1966. The sales history indicates steady market interest, with the last sale occurring in the 2022-2025 period.

Frequently Asked Questions

1. How does the lot size compare to typical Winnipeg properties?
The lot is significantly larger than average. At 8,186 sqft, it ranks in the top 11% citywide, where the average comparable lot is about 6,570 sqft.

2. Is the home’s assessed value high for the area?
Yes. The assessed value of $35,900 ranks in the top 12% for the Margaret Park neighbourhood, indicating it is considered above average compared to most nearby homes.

3. What should I consider about a home built in 1966?
While the construction year is typical for the street and city, a home of this age may have original major systems (like plumbing, electrical, or roofing) that could be nearing or past their typical lifespan, so a thorough inspection is advised.

4. How stable has the property’s value been?
Based on available sold price ranges, the property appreciated between its 2020 and 2022-2025 sales, moving from the $250k-$300k range to the $350k-$400k range.

5. Where can I see more detailed comparisons with neighbouring properties?
You can use the provided neighbourhood analysis page to map and compare this home with others on the street and in Margaret Park based on year built, living area, assessed value, and lot size.

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.