Property score
56.6
Fair
Overall 56.6 · Smaller than most nearby homes
912 sqft (bottom 23%) · Built in 1959 (1 yr older than avg)
Located in a above-average income area with median household income of ~80k
Transit 74.0 · 4-min walk to transit with 2 nearby routes · Within 500m: 3 schools, 1 park, and 3 place of worships nearby
Living Area
Below average
10% smaller than neighborhood avg.
Year Built
Near average
1 yrs older than neighborhood avg.
Mother tongue
English · 65%Tagalog · 10%
Past 10 years Munroe East sales snapshot (~80% of all data)
780
313.8k
$339/sqft
1960
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56.6 is composed by the two sections below.
Property Score
Community Score
Munroe East
How to read: Share of sales in each ~$50k price band for “munroe east” (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: #46110692
$80K
Median household income
$99K
Average household income
11%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.8
P90 / P10 ratio
23%
Single-person households
34%
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
488 London Street — 7 amenities found within 500 m, across 3 categories, including 3 education (nearest 134 m), 1 parks (nearest 212 m).
Munroe East · WPS public data · 2026
Annual incidents
33
2026
vs. city avg
+12%
relative to avg
Year-over-year
▼ -93%
vs. prior year
Primary type
Property
52%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 47% | Top 30% | Bottom 41% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 50% | Top 36% | Bottom 37% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 488 London Street, Winnipeg
Key Characteristics & Appeal
This home presents a distinct value proposition centered on its generous lot. Built in 1959, the 912 sqft house is modest in size compared to local and city averages, placing it in the lower tier for living area. However, it sits on a 6,046 sqft parcel of land that is significantly larger than most lots in the immediate Munroe East area, ranking in the top 9%. This creates a clear contrast: a smaller, older home on a much larger-than-average plot.
The primary appeal lies in this land potential. For a buyer comfortable with a smaller living space or one looking for a renovation project, the lot offers ample room for expansion, gardening, or outdoor living. The assessed value is notably low, aligning with the home's size and age, which can translate to lower property taxes. Recent sale prices (2022: $250k-$300k; 2024: $300k-$350k) suggest growing market interest.
This property would best suit practical buyers or investors who see value in land over finished square footage. It's a fit for those planning a future expansion, wanting a large yard, or seeking an entry point into the market where the value is underpinned by the lot itself, not the current structure.
Frequently Asked Questions
1. Why is the assessed value so much lower than recent sale prices?
The city's assessment is primarily based on the existing structure's value and age. The recent sale prices reflect the market's premium for the home's large lot size and redevelopment potential, which aren't fully captured in the formal assessment.
2. What does the "below average" living area ranking mean for daily life?
It confirms the home's footprint is compact. Buyers should be prepared for cozier living quarters, typical of many homes from its era, and consider if the layout meets their spatial needs or if renovations would be part of their plan.
3. How significant is the large lot size in this neighborhood?
Very. With a lot size ranking in the top 9% for Munroe East, this property is an outlier. It offers rare space for additions, a large garage, or extensive landscaping in an area where lots are typically more modest.
4. The home is older than most on the street. Should I be concerned?
The 1959 build date means systems like plumbing, electrical, and the roof are likely at or beyond their typical lifespan. A thorough inspection is essential to budget for necessary updates, but this age is also common for the city overall.
5. Are the sold price ranges provided exact figures?
No, the listed prices are estimated ranges from public data. To obtain the precise historical sale prices for this property, you must request them via the provided email service, which supplies verified data.
