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, 7 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
497 Neil Avenue — 14 amenities found within 500 m, across 7 categories, including 1 dining (nearest 383 m), 7 education (nearest 321 m), 1 healthcare (nearest 462 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 | Top 28% | Top 11% | Top 48% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 42% | Top 37% | Bottom 31% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 497 Neil Avenue, Winnipeg
Key Characteristics & Appeal
This 1,075 sqft bungalow, built in 1955, sits on a notably large 7,695 sqft lot in the Munroe West neighbourhood. Its primary appeal lies in the generous outdoor space—the lot size ranks in the top 4% of the local area, offering rare potential for gardens, expansion, or simply more privacy than typical city lots. While the living space is modest and close to the neighbourhood average, the home's assessed value of $319k is well above the area average, suggesting the premium is for the land.
The property suits practical buyers who value space and potential over immediate turn-key condition. It’s ideal for someone looking for a solid post-war home with room to grow, whether that means adding a garage, creating extensive landscaping, or eventually extending the house itself. Its "younger" age compared to most on the street (top 4%) may also mean fewer immediate issues common to much older homes. This isn't a downtown luxury purchase; it's a grounded investment in space and neighbourhood character, likely appealing to first-time buyers seeking a footprint to build equity in, or downsizers wanting a manageable home with a large yard.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($319k) is a municipal estimate for tax purposes. Recent sold data shows it last sold between $300k-$350k in late 2023. Market conditions, property condition, and buyer demand will determine the final price, but the assessment provides a strong baseline.
2. How does the lot size compare to others nearby?
The lot is a standout feature. At 7,695 sqft, it is significantly larger than the Munroe West average (~4,815 sqft) and above the city-wide average. On Neil Avenue itself, it's about average, meaning the street is known for spacious properties.
3. What might "built in 1955" mean for maintenance?
Built in 1955, this home is newer than many in the area. This can be an advantage, potentially meaning updated electrical systems (like copper wiring) or plumbing compared to pre-war homes. However, a 71-year-old home will still require careful inspection of its roof, foundation, windows, and major mechanical systems.
4. The living area is noted as "above average" for Munroe West but "around average" city-wide. Why?
This highlights neighbourhood character. Munroe West has many smaller, often older homes. At 1,075 sqft, this property offers more space than most in the immediate area but is modest compared to the average Winnipeg home (1,342 sqft). It reflects the neighbourhood's more compact, established feel.
5. How can I verify the exact past sale prices?
The site provides sold price ranges for context. Due to industry rules, exact MLS sale figures are not published here. You can request the exact historical sold prices by email through the site's provided form for a manual lookup.
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