61.8
Fair
Property score
61.8
Fair
Overall 61.8
Larger than most nearby homes
1,087 sqft (top 22%)
Built in 1959 (1 yr older than avg)
Located in a above-average income area
with median household income of ~86k
Transit 74.0
3-min walk to transit with 2 nearby routes
Within 500m: 5 schools, 2 parks, and 3 place of worships nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Above average
8% larger than neighborhood avg.
Year Built
Near average
1 yrs older than neighborhood avg.
Mother tongue
English · 71%Tagalog · 6%
Past 10 years Munroe East sales snapshot (~80% of all data)
780
313.8k
$339/sqft
1960
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61.8 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: #46110693
$86K
Median household income
$92K
Average household income
6%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
22%
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
518 Marsden Street — 10 amenities found within 500 m, across 3 categories, including 5 education (nearest 118 m), 2 parks (nearest 436 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 | Bottom 1% | Bottom 12% | Bottom 11% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 518 Marsden Street, Winnipeg
Key Characteristics & Appeal
This 1959-built home in Munroe East presents a practical and straightforward opportunity. With 1,087 sqft of living space, it offers above-average roominess for both its immediate street and the broader neighbourhood, making it a comfortable size for a small family or couple. The lot size of 4,952 sqft is typical for the area, providing adequate outdoor space.
The primary appeal lies in its value proposition. The home’s assessed value is notably below average for its street, neighbourhood, and city, which often translates to a lower property tax burden and can indicate a more accessible entry point into the market. This creates a distinct scenario: you get a home with more interior space than many local comparables, but at a lower assessed value. A thoughtful perspective is that this could appeal to a buyer looking for a "blank canvas" home where future renovations or updates might not be as heavily taxed in the short term, allowing investment to go directly into the property.
This property would best suit first-time buyers or practical investors seeking a cost-effective footprint in a mature neighbourhood. Its size and lot are manageable without being overwhelming, ideal for those who prioritize living space and tax efficiency over a premium lot size or a newer build.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Assessed value is for municipal tax purposes and is not market value. This low assessment is likely due to the home’s age, condition, and specific characteristics compared to the city's broader and more varied housing stock. It typically results in lower annual property taxes.
2. How does the living area compare to nearby homes?
The living area is a strong point. It ranks in the top 23% on its own street and top 22% in Munroe East, meaning it offers more interior space than most direct comparables in the vicinity.
3. What does the sold price history indicate?
Public data shows it last sold between $200k-$250k in 2016. For the exact sale price, you can request it via email from the site. This history provides a benchmark, but current market value will depend on present condition, market trends, and updates made since then.
4. Is the lot size a disadvantage?
At just under 5,000 sqft, the lot is below average for Marsden Street but very typical for the wider Munroe East area. It provides a standard-sized yard for the neighbourhood—sufficient for gardening and recreation but not oversized.
5. What should I consider about the home’s age?
Built in 1959, it is older than most on its street but average for the area. This suggests potential for older-home character but also means a thorough inspection for aging components like plumbing, electrical, and the roof is essential to understand future maintenance needs.
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