Property score
58.7
Fair
Overall 58.7 · Larger and newer than most nearby homes
1,064 sqft (top 26%) · Built in 1955 (10 yrs newer than avg)
Located in a above-average income area with median household income of ~76.5k
Transit 86.0 · 2-min walk to transit with 4 nearby routes · Within 500m: 1 dining spot, 5 schools, 1 healthcare facility, and 1 shop nearby
Living Area
Above average
11% 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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58.7 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
507 Sydney Avenue — 12 amenities found within 500 m, across 7 categories, including 1 dining (nearest 289 m), 5 education (nearest 395 m), 1 healthcare (nearest 365 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 14% | Top 33% | Bottom 33% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
507 Sydney Avenue is a well-established home in Winnipeg's Munroe West neighbourhood. Built in 1955, it sits on a generous 5,000 sqft lot and offers 1,064 sqft of living space with a current assessed value of $320,000.
This home’s primary appeal lies in its strong positioning within its immediate area. The lot size is notably large for Sydney Avenue, ranking in the top 4% of the street, offering valuable outdoor space and potential. Similarly, its assessed value is elite for the street (top 4%), suggesting it is perceived as a premium property in this specific locale. The living area is comfortably above average for both the street and Munroe West, providing good interior space without being oversized.
A thoughtful perspective is that this property represents a "big fish in a small pond." While its metrics are average or slightly above when viewed city-wide, they are standout figures on its own street. This makes it a stable, desirable anchor property in its micro-neighbourhood. It would suit a buyer looking for a established community character, who values a larger lot for gardening, children, or future expansion more than a brand-new home. It’s also a sensible fit for those who prioritize equity and stature within a specific, well-defined area over comparing themselves to the broader city market.
1. How does the assessed value compare to recent sale prices?
The home last sold between $250k-$300k in mid-2020. The current $320k assessment is higher, indicating a rise in perceived market value over the past few years. For exact historical sale prices, you can request a manual lookup from the site.
2. Is the house older or newer than others nearby?
Built in 1955, it is significantly newer than many homes on Sydney Avenue and in Munroe West, where average build years are 1939 and 1945, respectively. This may mean updates or different construction materials than neighbouring, older homes.
3. What does the "elite" ranking for lot size mean practically?
With a 5,000 sqft lot ranking in the top 4% on its street, this property offers roughly 25% more land than the street average. This allows for a more private yard, greater distance from neighbours, and more flexibility for decks, sheds, or landscaping.
4. How does the living space feel for a family?
At 1,064 sqft, the living area is above average for the local area but slightly below the Winnipeg city average. It is well-suited for a small family, couple, or empty-nesters who appreciate efficient use of space without the upkeep of a much larger home.
5. Why is there a difference between city-wide and local rankings?
The home shines brightest in its immediate context. Its value and lot size are elite for Sydney Avenue but average across Winnipeg. This highlights the importance of neighbourhood-specific analysis; a property can be a standout value on its block even if it isn't exceptional across the entire city.
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