38.0
Below average
Property score
38.0
Below average
Overall 38.0
Smaller than most nearby homes
600 sqft (bottom 2%)
Built in 1931 (2 yrs older than avg)
Located in a above-average income area
with median household income of ~74k
Transit 100.0
1-min walk to transit with 5 nearby routes
Within 500m: 13 dining spots, 2 schools, 4 healthcare facilitys, and 1 shop nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
43% smaller than neighborhood avg.
Year Built
Near average
2 yrs older than neighborhood avg.
Mother tongue
English · 75%Tagalog · 9%
Past 10 years Minto sales snapshot (~80% of all data)
825
271.7k
$287/sqft
1933
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
Free · No credit card required
38.0 is composed by the two sections below.
Property Score
Community Score
Minto
How to read: Share of sales in each ~$50k price band for “minto” (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: #46110107
$74K
Median household income
$90K
Average household income
13%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.4
P90 / P10 ratio
30%
Single-person households
17%
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
577 Minto Street — 30 amenities found within 500 m, across 9 categories, including 13 dining (nearest 97 m), 2 education (nearest 182 m), 4 healthcare (nearest 160 m).
Minto · WPS public data · 2026
Annual incidents
48
2026
vs. city avg
+63%
relative to avg
Year-over-year
▼ -92%
vs. prior year
Primary type
Other
46%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 9% | Bottom 6% | Bottom 5% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 3% | Bottom 3% | Bottom 4% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Property Overview: 577 Minto Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home is defined by its modest scale and exceptional affordability. At 600 sqft of living space on a 1,160 sqft lot, it is notably smaller than most homes on its street, in the Minto area, and across Winnipeg. Built in 1931, its age is typical for the neighbourhood. The most striking characteristic is its assessed value of $15,700, which ranks it in the bottom 1% of homes on Minto Street and in the Minto area for value, indicating an extremely low property tax base.
The primary appeal lies in its potential as a minimal-commitment entry point into the housing market. It suits a specific buyer: a first-time purchaser seeking the lowest possible barrier to homeownership, an investor looking for a bare-bones rental property, or someone interested in land value over the existing structure. Its recent sale history (twice in the $150k-$200k range since 2019) suggests it trades on factors beyond its assessed value, such as location or redevelopment potential. A thoughtful perspective is that this property represents a pure "value of land" scenario in an established neighbourhood, where the existing home contributes very little to the overall price. It’s a project-in-waiting, suited for someone with renovation plans or the patience for long-term land value appreciation.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than recent sale prices?
Municipal assessed value for property taxes is not the same as market value. This low assessment likely reflects the age and modest condition of the existing structure. The market price reflects what buyers are willing to pay for the land location and the opportunity the lot presents.
2. What type of renovation or work would this property likely need?
Given its age (1931), small size, and low assessment, buyers should budget for significant updates. This could include foundational, electrical, plumbing, and insulation upgrades to meet modern standards, effectively making it a candidate for a near-total renovation or rebuild.
3. Is this a good candidate for a rental property?
It could be, but with important caveats. The low purchase price and taxes improve cash flow potential. However, the small size limits rental income, and any necessary major repairs would impact returns. It may suit a long-term, buy-and-hold investor comfortable with managing an older unit.
4. How does the small lot size impact future plans?
The lot is significantly smaller than area averages. This may limit options for additions, garages, or outdoor space. Any redevelopment plans would need to adhere to strict zoning bylaws regarding setbacks and floor-area ratios, which a smaller lot constrains more tightly.
5. The data shows it sold in 2019 and again in 2023. What does this indicate?
The relatively quick resale suggests it may be purchased by investors or homeowners who undertake initial improvements before selling, or that its unique affordability attracts a niche market. It underscores the importance of obtaining the exact sale prices and understanding what work, if any, was done between those sales.
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.
