59.6
Fair
Property score
59.6
Fair
Overall 59.6
Compared with neighbourhood average
940 sqft (bottom 37%)
Built in 1952
Located in a high-income area
with median household income of ~94k
Transit 80.0
4-min walk to transit with 3 nearby routes
Within 500m: 2 dining spots, 2 schools, 1 healthcare facility, and 1 shop nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
15% smaller than neighborhood avg.
Year Built
Near average
0 yrs newer than neighborhood avg.
Mother tongue
English · 73%French · 4%
Past 10 years Norberry sales snapshot (~80% of all data)
173
450k
$330/sqft
1952
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59.6 is composed by the two sections below.
Property Score
Community Score
Norberry
How to read: Share of sales in each ~$50k price band for “norberry” (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: #46110607
$94K
Median household income
$106K
Average household income
10%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.5
P90 / P10 ratio
28%
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
48 Nichol Avenue — 9 amenities found within 500 m, across 6 categories, including 2 dining (nearest 293 m), 2 education (nearest 416 m), 1 healthcare (nearest 467 m).
Norberry · WPS public data · 2026
Annual incidents
6
2026
vs. city avg
-80%
relative to avg
Year-over-year
▼ -93%
vs. prior year
Primary type
Property
83%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 46% | Top 21% | Top 40% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
This home at 48 Nichol Avenue in Winnipeg's Norberry neighbourhood presents a specific value proposition defined by its balance of space, location, and lot size. Built in 1952, it sits on a generous 8,095 sqft lot—a standout feature that is larger than most in the wider city and the local area. The 940 sqft living area is more compact compared to others on its street but is generally in line with the neighbourhood average. With an assessed value of $347,000, it is priced consistently with comparable homes in Norberry.
The primary appeal lies in its substantial lot, offering significant outdoor space and potential in a mature, established area. The home suits first-time buyers or downsizers looking for a manageable footprint without sacrificing yard space, or investors who see value in the land relative to the structure. A thoughtful perspective is that while the house itself is modest, the property's value is anchored in its land, which is a increasingly scarce commodity in the city. It represents an opportunity for someone comfortable with a home that may require updates, in exchange for a prime asset: the space it sits on.
1. How does the living space compare to nearby homes?
At 940 sqft, the home is smaller than the average on Nichol Avenue itself but is close to the typical size for the broader Norberry neighbourhood. It's a compact layout suited for efficient living.
2. Is the lot size a significant feature?
Yes. The 8,095 sqft lot is notably larger than the average for both Winnipeg and the Norberry area. This is a key asset, providing ample yard space, privacy, and potential for gardening, expansion, or outdoor living.
3. What does the assessed value tell us about the price?
The $347,000 assessment is very close to the neighbourhood average, suggesting the property is valued in line with market norms for Norberry. It indicates a stable, mid-range valuation without significant premium or discount based on the official assessment.
4. The home was built in 1952. What should I consider?
As a home from the 1950s, prospective buyers should budget for potential updates to major systems like plumbing, electrical, or the roof, which may be nearing the end of their service life. A thorough inspection is advised.
5. How can I find out the exact past sale price?
The site provides sold price ranges for context. To obtain the exact sale figures and full transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS system.
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