60.9
Fair
Property score
60.9
Fair
Overall 60.9
Larger and newer than most nearby homes
1,077 sqft (top 24%)
Built in 1955 (10 yrs newer than avg)
Located in a above-average income area
with median household income of ~76.5k
Transit 94.0
1-min walk to transit with 4 nearby routes
Within 500m: 1 dining spot, 7 schools, 1 shop, and 1 park nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Above average
12% larger than neighborhood avg.
Year Built
Above average
10 yrs newer than neighborhood avg.
Mother tongue
English · 75%Tagalog · 3%
Past 10 years Munroe West sales snapshot (~80% of all data)
477
363.3k
$342/sqft
1945
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60.9 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: #46110699
$77K
Median household income
$80K
Average household income
14%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
34%
Single-person households
25%
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
502 Neil Avenue — 12 amenities found within 500 m, across 5 categories, including 1 dining (nearest 442 m), 7 education (nearest 311 m), 1 shopping (nearest 119 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 49% | Top 25% | Bottom 39% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 502 Neil Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 502 Neil Avenue in the Munroe West neighborhood presents a compelling blend of space, value, and location. Built in 1955, it is notably newer than most homes on its street and in the broader area, which may suggest updated building systems or a different architectural style compared to its pre-war neighbors. The key feature is the generous 7,937 sqft lot, which ranks in the top 2% for land size within Munroe West. This offers significant outdoor space and potential not commonly found in the area.
The 1,077 sqft living area is comfortably above the neighborhood average, providing ample room. With an assessed value of $308,000, the property sits above the Munroe West average but below the city-wide average, positioning it as a relatively affordable option for the amount of land and living space offered.
Its appeal lies in this combination: a newer-than-average home on a large, private lot in a well-established neighborhood. It would suit first-time buyers or young families looking for room to grow outdoors without moving to the city's outskirts, or value-conscious buyers who prioritize land size over a brand-new build. The data suggests you're paying a premium for the lot and the home's relative age within the context of Munroe West, but potentially getting more house and land for your dollar compared to the wider Winnipeg market.
Section 2: Frequently Asked Questions
1. How does the 1955 build year affect the home?
Being built in 1955 likely means construction methods and materials differ from both older wartime houses and newer builds. It may feature a more modern layout, like a larger kitchen or an attached garage, compared to many 1920s-1940s homes in the area.
2. What does the "Elite" ranking for Year Built actually mean?
This statistical ranking simply means this home is one of the newest on its street—only 4 out of 108 comparable homes are newer. It doesn't comment on the condition or style, but indicates it's a relative anomaly in an older streetscape.
3. Is the assessed value a reliable indicator of the selling price?
The assessed value ($308k) is for municipal tax purposes. The last sold price (2021) fell between $300k-$350k. Market conditions have changed since then, so a current market evaluation is essential. The assessment does show the property is valued higher than the Munroe West average.
4. What are the implications of such a large lot?
A nearly 8,000 sqft lot in an inner-city neighborhood is rare. It offers privacy, space for gardens, play areas, or additions like a shed or deck. It also potentially means higher maintenance (lawn care, snow clearing) but also greater long-term flexibility and value.
5. How does this home compare to others in Winnipeg for the price?
The data shows its assessed value is below the city-wide average ($308k vs. $390k), while its lot size is significantly above average. This suggests you get more land for your money here compared to a typical Winnipeg property, though the living space is slightly below the city-wide average.
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