Property score
46.2
Below average
Overall 46.2 · Older than most nearby homes
892 sqft (bottom 46%) · Built in 1924 (21 yrs older than avg)
Located in a above-average income area with median household income of ~72.5k
Transit 86.0 · 2-min walk to transit with 4 nearby routes · Within 500m: 1 dining spot, 6 schools, 1 healthcare facility, and 1 shop nearby
Living Area
Near average
7% smaller than neighborhood avg.
Year Built
Below average
21 yrs older 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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46.2 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
489 Sydney Avenue — 13 amenities found within 500 m, across 7 categories, including 1 dining (nearest 286 m), 6 education (nearest 325 m), 1 healthcare (nearest 366 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 17% | Bottom 11% | Bottom 8% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 39% | Bottom 24% | Bottom 14% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
489 Sydney Avenue is a 1924-built home in Winnipeg's Munroe West neighbourhood, offering a practical entry point into homeownership. With 892 square feet of living space on a 3,299 square foot lot, its scale is modest but in line with the immediate area. The home’s key characteristic is its relative affordability, underscored by an assessed value of $214k, which sits notably below averages for the street, neighbourhood, and wider city. This presents a specific value proposition: you are acquiring a home that is functionally average for its local block but at a cost that ranks in the more affordable tier across broader comparisons.
Its appeal lies in this financial accessibility, offering a foothold in the market with lower property tax implications. It would suit first-time buyers, investors looking for a rental property with a lower entry cost, or downsizers seeking a manageable, no-frills home. A thoughtful perspective is that while the home is smaller and older than the city average, its lot size is quite typical for Sydney Avenue, suggesting the potential value lies more in the land than the current structure. It’s a property for those comfortable with a home that may require updates, traded off against a favourable purchase price and ongoing tax assessment.
1. Is the assessed value the same as the market value?
No. The assessed value of $214k is used for calculating property taxes and is typically lower than market value. Recent sold price data for this home suggests a market value that may be different, though still positioned in a more affordable range compared to area averages.
2. What does the "below average" ranking for value really mean?
It means this home’s assessed value is lower than most comparable homes. On Sydney Avenue, it ranks in the top 81% (153rd out of 189), meaning about 80% of neighbouring homes have a higher assessed value. This generally indicates a lower property tax bill but may also reflect the home’s age, size, or condition relative to others.
3. How does the 892 sqft living area compare practically?
It’s compact. While it’s around the average for Munroe West (902 sqft), it’s significantly smaller than the Winnipeg city-wide average (1,342 sqft). This suits a smaller household and suggests efficient use of space is a priority.
4. What are the implications of the home being built in 1924?
As a 102-year-old home, it likely has character but may also require attention to older plumbing, electrical systems, or insulation. Its age is older than most in the city, so a thorough inspection is essential to understand any maintenance or renovation needs.
5. Can I find out the exact past sold prices?
The site shows past sales in broad price bands (e.g., CA$150k–200k in 2020). To obtain the exact historical sale figures, you must request them via email from the site provider, as they are not displayed publicly due to data source restrictions.
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