702 Lanark Street

Mathers, Winnipeg

Property score

70.9

Good

Overall 70.9 · Compared with neighbourhood average

1,168 sqft (top 38%) · Built in 1957 (1 yr older than avg)

Located in a high-income area with median household income of ~101k

Transit 80.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 1 dining spot, 2 schools, 1 shop, and 2 parks nearby

Living Area

Near average

4% smaller than neighborhood avg.

Year Built

Near average

1 yrs older than neighborhood avg.

Mother tongue

English · 71%French · 2%

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

Sold Count

143

Median price

348k

$/sqft

$334/sqft

Avg build year

1958

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Property score

70.9 is composed by the two sections below.

Property Score

61.5Fair
Living Area1,168 sqft60Fair
Year Built195743Low
Lot Size6,072 sqft81Excellent
Neighbourhood Sales Activity95Excellent

Community Score

85.0Excellent
Household Income85Excellent
Education Level82Excellent
Housing Stress93Excellent
Core Housing Need100Excellent
Employment Health68Good

Neighbourhood Sales

Mathers

How to read: Share of sales in each ~$50k price band for “mathers” (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: #46111035

Community deep dive

$101K

Median household income

$127K

Average household income

6%

Low income (LIM-AT)

0.3

Income inequality (Gini)

3.4

P90 / P10 ratio

29%

Single-person households

25%

Families with children

Population, labour & age

Population (2021)559
Labour force participation rate61%
Median age46.4
Avg household size2.4
Unemployment rate3%
Population density2942 / km²

Households & income

Low income (LIM-AT, % pop.)6%
Single-person households29%
Couple families with children25%
Median household income (2020)$101K

Housing

Renter households8%
Condominium dwellings29%
Median dwelling value (owners)$400K

Diversity, education & language

Immigrants (share of pop.)22%
Visible minority12%
Bachelor's or higher (25–64)45%
Mother tongue (1st)English · 71%
Mother tongue (2nd)French · 1%

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

Rankings

Living Area

around average
1,168 sqft
0255075100
Same streetBottom 43%Same areaTop 38%CitywideBottom 47%
Same street · Lanark Street
#172 / 301
Bottom 43% · Avg 1,277 sqft
Same area · Mathers
#148 / 385
Top 38% · Avg 1,216 sqft
Citywide · Winnipeg
#103,482 / 194,458
Bottom 47% · Avg 1,342 sqft

Tax-Assessed Value

above average
450k
0255075100
Same streetTop 27%Same areaTop 28%CitywideTop 28%
Same street · Lanark Street
#81 / 301
Top 27% · Avg 404.3k
Same area · Mathers
#106 / 385
Top 28% · Avg 424.1k
Citywide · Winnipeg
#55,153 / 194,458
Top 28% · Avg 390.1k

Year Built

above average
1957
0255075100
Same streetTop 22%Same areaBottom 43%CitywideBottom 37%

Lot Size

above average
6,072 sqft
0255075100
Same streetTop 42%Same areaTop 39%CitywideTop 29%

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

702 Lanark Street — 6 amenities found within 500 m, across 4 categories, including 1 dining (nearest 479 m), 2 education (nearest 178 m), 1 shopping (nearest 409 m).

Search radius
🍽️Dining1
🏫Education2
🛒Shopping1
🌳Parks2

Crime & Safety

Mathers · WPS public data · 2026

Annual incidents

11

2026

vs. city avg

-63%

relative to avg

Year-over-year

-95%

vs. prior year

Primary type

Property

82%

Sales History

Sold 5/2023CA$450k–500k
Sold price

Same street

Top 16%

Same area

Top 18%

City-wide

Top 17%
Sold 4/2022CA$350k–400k
Sold price

Same street

Top 39%

Same area

Top 46%

City-wide

Top 37%

Related homes

Highlights & common questions: 702 Lanark Street, Winnipeg

Property Overview: 702 Lanark Street, Winnipeg

Key Characteristics & Appeal

This well-situated home on Lanark Street in Mathers presents a solid, above-average offering in several key metrics. Built in 1957, the house is notably newer than many on its street, placing it in the top 22% for year built locally. With 1,168 sqft of living space, it sits comfortably around the average for the area, offering practical space without being oversized. The lot size of 6,072 sqft is generous, ranking above the city-wide average.

The primary appeal lies in its strong assessed value of $450,000, which ranks consistently above average against its street, neighbourhood, and city-wide peers. This suggests a property that holds recognized value in the market. Recent sale history indicates active turnover and appreciation, with the last recorded sale in the $450k-$500k range in 2023, following a sale in the $350k-$400k range the year prior.

This property would suit a buyer looking for a established home in a mature neighbourhood, who values a lot with ample outdoor space and a home that compares favorably in terms of valuation and relative modernity within its immediate context. It’s a pragmatic choice for someone who appreciates data-backed value over flashy features.

Frequently Asked Questions

1. How does this home’s size compare to others nearby?
At 1,168 sqft, the living area is very close to the average for both the Mathers neighbourhood and the city of Winnipeg as a whole, making it a typically sized home for the area.

2. The assessed value seems high relative to the home’s age and size. Why is that?
The assessed value of $450k ranks in the top 28-30% across all comparison levels. This strong valuation likely reflects a combination of its desirable lot size, its relatively newer construction date for the street, and overall market conditions in the Mathers area.

3. What is the sales history for this property?
Based on public data, the home sold in 2022 for an estimated $350k-$400k and again in 2023 for an estimated $450k-$500k. For exact historical sale prices, you can request the information directly via the listing page.

4. Is the lot size a significant feature?
Yes. While around average for Lanark Street itself, the 6,072 sqft lot ranks above average city-wide (top 29%), offering more outdoor space than many properties across Winnipeg.

5. How can I see how this property compares visually to its neighbours?
You can use the provided “Open neighbourhood map analysis” link to view an interactive map comparing this home to nearby properties on metrics like year built, lot size, and assessed value.

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