Property score
50.7
Fair
Overall 50.7 · Smaller and older than most nearby homes
891 sqft (bottom 19%) · Built in 1949 (11 yrs older than avg)
Located in a above-average income area with median household income of ~75k
Transit 80.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 1 school, 1 park, and 1 place of worship nearby
Living Area
Below average
12% smaller than neighborhood avg.
Year Built
Below average
11 yrs older than neighborhood avg.
Mother tongue
English · 67%Tagalog · 12%
Past 10 years Munroe East sales snapshot (~80% of all data)
780
313.8k
$339/sqft
1960
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50.7 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: #46110936
$75K
Median household income
$77K
Average household income
15%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.2
P90 / P10 ratio
30%
Single-person households
26%
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
503 Gateway Road — 3 amenities found within 500 m, across 3 categories, including 1 education (nearest 362 m), 1 parks (nearest 429 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 21% | Top 31% | Bottom 40% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 38% | Top 46% | Bottom 31% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 503 Gateway Road, Winnipeg
Key Characteristics & Appeal
This 891 sqft bungalow, built in 1949, presents a classic Winnipeg home with a distinct value proposition. Its primary appeal lies in a desirable combination of a larger-than-average lot and a strong assessed value relative to its immediate neighbourhood. The 5,547 sqft land area is notably above average for both Gateway Road and the wider Munroe East area, offering valuable outdoor space and potential. While the living space is compact and the home is among the older on its street, its assessed value ranks in the top 25% locally, suggesting it is viewed as a solid asset within its specific context.
This property would suit practical, value-oriented buyers. It's ideal for first-time homeowners comfortable with a character home that may require updates, or for investors seeking a property with a strong lot size in a stable neighbourhood. The recent sale history indicates steady appreciation, appealing to those looking for a foothold in the market without the premium of a new build. A thoughtful perspective is that this home offers the chance to own a generous yard—a growing rarity—while the compact interior encourages efficient, minimalist living or a well-planned renovation to modernize the footprint.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home is assessed at $312,000. It last sold in 2024 for an estimated $300,000–$350,000, and in 2022 for $250,000–$300,000. This indicates the assessed value is closely aligned with recent market activity.
2. Is the house smaller than others in the area?
Yes. At 891 sqft, the living area is below the average for both Munroe East and Winnipeg overall. However, it is closer to the average for its specific street (Gateway Road), where it ranks near the middle.
3. What does the lot size ranking mean?
The lot of 5,547 sqft is a key feature. It ranks in the top 16% on Gateway Road and the top 21% in Munroe East, meaning it is significantly larger than many neighbouring properties, which average under 5,000 sqft.
4. The home was built in 1949. Is that a concern?
As one of the older homes on the street, it likely requires diligent maintenance and may have outdated mechanical systems, insulation, or windows. A thorough inspection is essential. The upside is the potential for character and the established, mature neighbourhood setting.
5. How can I get the exact historical sale prices?
The precise sale prices are not publicly listed. You can request them by emailing through the listing page. The service provides the exact figures manually and does not use email addresses for unsolicited marketing.
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