Property score
60.1
Fair
Overall 60.1 · Larger and newer than most nearby homes
1,075 sqft (top 24%) · Built in 1955 (10 yrs newer than avg)
Located in a above-average income area with median household income of ~72.5k
Transit 94.0 · 1-min walk to transit with 4 nearby routes · Within 500m: 1 dining spot, 9 schools, 1 healthcare facility, and 1 shop nearby
Living Area
Above average
12% larger than neighborhood avg.
Year Built
Above average
10 yrs newer than neighborhood avg.
Mother tongue
English · 78%Tagalog · 2%
Past 10 years Munroe West sales snapshot (~80% of all data)
477
363.3k
$342/sqft
1945
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60.1 is composed by the two sections below.
Property Score
Community Score
Munroe West
How to read: Share of sales in each ~$50k price band for “munroe west” (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: #46110892
$73K
Median household income
$83K
Average household income
12%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.8
P90 / P10 ratio
36%
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
487 Neil Avenue — 16 amenities found within 500 m, across 7 categories, including 1 dining (nearest 395 m), 9 education (nearest 302 m), 1 healthcare (nearest 474 m).
Munroe West · WPS public data · 2026
Annual incidents
26
2026
vs. city avg
-12%
relative to avg
Year-over-year
▼ -88%
vs. prior year
Primary type
Property
65%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 21% | Bottom 38% | Bottom 20% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 487 Neil Avenue, Winnipeg
Key Characteristics & Appeal
This 1,075 sqft bungalow, built in 1955, sits on a notably large 7,745 sqft lot in the Munroe West neighborhood. Its primary appeal lies in the generous land size, which ranks in the top 3% for the local area, offering significant outdoor space and potential in a city where lots are typically smaller. The home itself presents a practical footprint, offering more living space than the area average while carrying an assessed value that is above average for Munroe West but below the citywide average.
The property suits two main types of buyers. First, it’s ideal for those seeking a long-term family home with ample yard space for gardens, play, or future additions. Second, it appeals to value-conscious buyers or investors looking for a property where the land itself represents a substantial portion of the asset’s value, with the existing home providing a functional starting point. A thoughtful perspective is that while the house is newer than most on its street, its 1955 construction still means important systems (like plumbing, electrical, or the roof) may be due for updates, which is a key factor in evaluating the total investment.
Frequently Asked Questions
1. How does the lot size compare to typical Winnipeg properties?
The lot is significantly larger than average. It ranks in the top 12% citywide and is in the elite top 3% within the Munroe West area, where the average lot is about 4,815 sqft.
2. Is the assessed value high for the neighborhood?
The assessed value of $302,000 is above the Munroe West average but sits around the average mark for its specific street and below the citywide average. This suggests you are paying a premium for the location within Munroe West, likely driven by the desirable lot size.
3. When was it last sold, and for how much?
Public records indicate it was sold in March 2018. To protect privacy, exact sale prices are not displayed publicly, but the sold price range was between CA$200,000 and $250,000. Verified exact figures can be requested directly from the site.
4. What does the "Elite" ranking for Year Built mean?
On Neil Avenue, this 1955 home is one of the newer houses, ranking in the top 4%. This can be an advantage, potentially indicating newer construction materials or layouts compared to much older neighbors, though it is still a 70-year-old structure.
5. What are the possible trade-offs with such a large lot?
While offering great potential, a lot of this size also means higher maintenance (like lawn care or snow clearing), potentially higher property taxes based on land value, and the responsibility to ensure the space is utilized effectively to justify the investment.
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