38.4
Below average
Property score
38.4
Below average
Overall 38.4
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
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38.4 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
587 Minto Street — 30 amenities found within 500 m, across 9 categories, including 13 dining (nearest 137 m), 2 education (nearest 194 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 12% | Bottom 7% | Bottom 6% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
587 Minto Street is a compact, early-20th century home that presents a distinct value proposition. Its key characteristics are defined by its modest scale and low financial barriers, situated within a Winnipeg neighbourhood of similarly older homes.
Key Characteristics & Appeal
This is a notably small home, with just 600 sqft of living space on a 1,501 sqft lot—figures that rank well below averages for the street, neighbourhood, and city. Built in 1931, its age is typical for the immediate area. The primary appeal lies in its accessibility. With a recently sold price between $150k-$200k and a low assessed value, it represents one of the most affordable entry points into homeownership in Winnipeg. This isn't a property for those seeking space; instead, its value is in simplicity and potential. It would suit a first-time buyer, an investor looking for a rental property with a lower initial outlay, or someone seeking a minimalist footprint. A thoughtful perspective is that such a small, older home on a modest lot could offer manageable upkeep costs and a clear, uncomplicated renovation canvas, appealing to those wary of overextending financially.
1. Why is the assessed value so much lower than the recent sale price?
Assessed values for municipal tax purposes often lag behind current market conditions, especially in rising markets. The sale price reflects what a buyer was willing to pay recently, while the assessment is based on an older valuation model.
2. What are the implications of such a small lot size?
The lot size limits expansion possibilities. Any future addition or major exterior renovation would require careful planning to comply with setback bylaws. On the positive side, it typically means less yard maintenance.
3. Is the older age of the home (1931) a major concern?
While the age is typical for Minto, it necessitates a thorough inspection. Key focuses should be the foundation, plumbing, electrical systems, and insulation, which may need upgrading to modern standards.
4. How does the living area compare to a typical apartment?
At 600 sqft, the living space is similar to a mid-sized two-bedroom apartment. The layout and flow of the rooms will be crucial to how livable it feels, as older homes can sometimes have compartmentalized floor plans.
5. Can I find out the exact sold price?
The listing service provides a price range based on public data. They offer to provide the exact sold price via email upon request, which they state is a manual process with a same-day turnaround.
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