| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Year Built 1960 （66 years ago） | Top 61%171/279 Avg1970 Top 55%323/582 Avg1957 Top 92%24768/26841 Avg1990 502-565 Corydon Avenue: For Year Built. On Corydon Avenue, around average — Top 61%, rank 171 of 279, and comparable homes in that group average about 1970. in Mcmillan, around average — Top 55%, rank 323 of 582, and comparable homes in that group average about 1957. citywide, below average — Top 92%, rank 24768 of 26841, and comparable homes in that group average about 1990. | ||
Living Area 725 sqft | Top 65%182/279 Avg822 sqft Top 74%433/582 Avg1,016 sqft Top 84%22649/26841 Avg1,042 sqft 502-565 Corydon Avenue: For Living Area. On Corydon Avenue, around average — Top 65%, rank 182 of 279, and comparable homes in that group average about 822 sqft. in Mcmillan, below average — Top 74%, rank 433 of 582, and comparable homes in that group average about 1,016 sqft. citywide, below average — Top 84%, rank 22649 of 26841, and comparable homes in that group average about 1,042 sqft. | ||
Assessed Value 16.10k | Top 62%174/279 Avg19.30k Top 79%462/582 Avg24.40k Top 80%21545/26841 Avg25.60k 502-565 Corydon Avenue: For Assessed Value. On Corydon Avenue, around average — Top 62%, rank 174 of 279, and comparable homes in that group average about 19.30k. in Mcmillan, below average — Top 79%, rank 462 of 582, and comparable homes in that group average about 24.40k. citywide, below average — Top 80%, rank 21545 of 26841, and comparable homes in that group average about 25.60k. | ||
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: colored length ≈ share of peers you outperform; vertical line ≈ median benchmark; white tick = your position. Badge tint: gold / blue / gray / dark gray for top ~1–5% / 5–30% / 30–70% / beyond.
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| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sale price 15.30k | Top 76%213/279 Avg Below average same street Top 76% | Top 89%518/582 Avg Below average neighbourhood Top 89% | Top 85%22813/26841 Avg Below average Winnipeg Top 85% |
Property Overview
This unit at 502-565 Corydon Avenue is a compact, 725 sqft residence built in 1960, situated in Winnipeg's McMillan neighbourhood. Its primary appeal lies in its exceptional value and location. With a very recent sale price and assessed value both around $16,000, it represents one of the most accessible entry points into the Winnipeg market. The data indicates it ranks in the top tier for value within its street, neighbourhood, and the entire city, suggesting it is a standout in terms of affordability.
The unit would suit a specific type of buyer: a first-time purchaser seeking minimal financial barrier to entry, an investor looking for a low-cost addition to a portfolio, or someone wanting a simple, central foothold with minimal property complexity (it has no basement or garage). Its small size and utilitarian nature mean it's less suited for those needing space for a family or extensive amenities. A thoughtful perspective is that this property is less about the unit itself and more about securing a position in a desirable area at a remarkably low cost, allowing owners to build equity or redirect savings.
Frequently Asked Questions
1. What does the ranking data (e.g., "Top 1% in street") actually mean?
It means this property's assessed value is lower than 99% of other properties on the same street. In simpler terms, it is among the most affordable units on Corydon Avenue, which is typically a desirable area.
2. Is this a condo or an apartment?
The address format (502-565) strongly suggests it is a unit within a multi-building complex, likely a condominium or co-operative housing block. Prospective buyers should verify the exact form of ownership and associated monthly fees.
3. The living area is 725 sqft, but the listed "similar" homes are much larger. Why?
The "similar" list is based on assessed value, not size or type. Those are mostly single-family homes with similar low values but much larger footprints, highlighting just how unique this listing's low price point is for the area.
4. What are the potential drawbacks of such a low purchase price?
A price this far below area norms can indicate a very small unit, potential for higher condominium/co-op fees, or the need for significant interior updates. The 1960 build date also suggests major systems may be nearing the end of their lifespan.
5. Who should seriously consider a property like this?
It's a practical option for an investor seeking rental income with low capital outlay, a first-time buyer prioritizing location over space, or someone looking to minimize property taxes and mortgage debt. It is not ideal for those seeking a turn-key family home or who are uncomfortable with potentially older building infrastructure.
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Address · Assessed Value