Property score
43.1
Below average
Overall 43.1 · Smaller and older than most nearby homes
660 sqft (bottom 6%) · Built in 1930 (15 yrs older than avg)
Located in a above-average income area with median household income of ~76k
Transit 82.0 · 1-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, 1 school, 1 park, and 1 bank/ATM nearby
Living Area
Below average
31% smaller than neighborhood avg.
Year Built
Below average
15 yrs older 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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43.1 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: #46110894
$76K
Median household income
$86K
Average household income
10%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
33%
Single-person households
24%
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
551 Henderson Highway — 5 amenities found within 500 m, across 5 categories, including 1 dining (nearest 401 m), 1 education (nearest 469 m), 1 parks (nearest 344 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 42% | Bottom 45% | Bottom 23% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 551 Henderson Highway, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct profile centered on value and potential. Its key characteristic is a modest 660 sqft living space, which is notably compact compared to most homes in the city, neighbourhood, and even along Henderson Highway itself. Built in 1930, it is a true character home with nearly a century of history. The assessed value of $233k sits below area averages, reflecting its size and age.
The appeal lies in its price positioning and the lot. With a land area of over 5,300 sqft, the property offers a generous outdoor space that is rare for homes in this price bracket, presenting a clear opportunity for expansion, gardening, or simply enjoying a larger yard. It suits a specific type of buyer: a minimalist, a first-time buyer comfortable with a smaller footprint, or an investor looking for a land-value play with a rentable structure. It’s less suited for those needing ample indoor space without a renovation plan. A thoughtful perspective is that this property trades interior square footage for exterior potential, making it a canvas for the right owner rather than a move-in-ready solution for everyone.
Section 2: Frequently Asked Questions
1. Why is the living area so much smaller than average?
As a home built in 1930, its floor plan reflects the norms and needs of that era. It is genuinely a compact, character property, which is a significant factor in its below-average assessed value.
2. Is the low assessed value a good sign for property taxes?
Generally, yes. A lower assessed value typically correlates with lower municipal property taxes compared to larger, newer homes in the same area, which is a practical financial advantage.
3. What does the large land area mean for me?
The 5,378 sqft lot is a standout feature. It offers room for additions like a garage, a larger home footprint (subject to zoning), or substantial landscaping. It provides flexibility that smaller, modern lots do not.
4. How reliable is the sold price data shown?
The provided sold price range is based on publicly available data, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup via email from the site, as explained in the data notes.
5. The home is older—what should I consider?
A 1930s build requires a diligent inspection. Consider the condition and age of major systems like wiring, plumbing, and the foundation. Budgeting for maintenance and potential updates is essential, but this also contributes to the home's character and affordability.
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