56.1
Fair
Property score
56.1
Fair
Overall 56.1
Smaller and older than most nearby homes
912 sqft (bottom 29%)
Built in 1947 (13 yrs older than avg)
Located in a high-income area
with median household income of ~94k
Transit 94.0
1-min walk to transit with 4 nearby routes
Within 500m: 2 schools, 6 parks, and 2 place of worships nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
13% smaller than neighborhood avg.
Year Built
Below average
13 yrs older than neighborhood avg.
Mother tongue
English · 68%Punjabi · 4%
Past 10 years Maybank sales snapshot (~80% of all data)
345
325k
$326/sqft
1960
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56.1 is composed by the two sections below.
Property Score
Community Score
Maybank
How to read: Share of sales in each ~$50k price band for “maybank” (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: #46111022
$94K
Median household income
$96K
Average household income
11%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.1
P90 / P10 ratio
23%
Single-person households
30%
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
1162 Clarence Avenue — 10 amenities found within 500 m, across 3 categories, including 2 education (nearest 322 m), 6 parks (nearest 118 m).
Maybank · WPS public data · 2026
Annual incidents
10
2026
vs. city avg
-66%
relative to avg
Year-over-year
▼ -92%
vs. prior year
Primary type
Property
90%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 19% | Bottom 38% | Bottom 24% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
This home at 1162 Clarence Avenue in Winnipeg's Maybank neighbourhood presents a specific value proposition. Built in 1947, it’s a classic post-war bungalow on a generous, roughly 6,000 sqft lot. The 912 sqft living area is modest and below the local average, suggesting a cozy, efficient layout. Its key appeal lies in its positioning: the assessed value is notably low for the street but aligns with averages for the wider area, indicating a potentially lower property tax burden relative to nearby homes. The lot size is a significant asset, offering ample outdoor space that is increasingly rare. This property last sold in the $250k-$300k range in 2023.
Key Characteristics & Ideal Buyer
This is a practical, no-frills home suited for a specific buyer. Its primary appeal is the large lot in a mature neighbourhood, offering space for gardening, play, or future expansion. The below-average living area and assessed value point to an opportunity for a first-time buyer, an investor, or a downsizer seeking a manageable home with land value. It’s not a turn-key luxury property but a solid foundation. The buyer it suits is value-conscious, sees potential in the land, and is comfortable with a home that may require updates. It’s a property where the land is the standout feature, and the house represents a manageable footprint.
1. Why is the assessed value so much lower than nearby homes on the same street?
The assessed value is a municipal calculation for tax purposes, often based on factors like living area, age, and recent sales. This home’s smaller size and older vintage likely place it at a lower valuation compared to updated or larger neighbours, which can mean relatively lower property taxes.
2. What can the large lot be used for?
Beyond traditional gardening and recreation, a lot of this size in a mature neighbourhood could allow for additions like a large shed, workshop, or deck. It’s always essential to check City of Winnipeg zoning bylaws for any development or structural plans.
3. The home is below average in size for the area. Will it feel too small?
At 912 sqft, it is compact. This suits individuals, couples, or small families looking for efficient living. The appeal is often in the low-maintenance interior paired with generous outdoor space, shifting the living area outdoors in warmer months.
4. The home was built in 1947. What should I be aware of?
Homes of this era are typically solidly built but may have original systems like plumbing, electrical, or insulation that would benefit from modernization. A thorough home inspection is crucial to understand the condition and plan for any necessary updates.
5. How do I find out the exact price it sold for in 2023?
The public data shows a range. For the precise sale price, you can request it directly via the email link provided on the listing page. This service is manual but provided without marketing spam.
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