Property score
70.7
Good
Overall 70.7 · Smaller and older than most nearby homes
1,188 sqft (bottom 4%) · Built in 1971 (46 yrs older than avg)
Located in a high-income area with median household income of ~89k
Transit 86.0 · 2-min walk to transit with 4 nearby routes · Within 500m: 1 healthcare facility, and 1 park nearby
Living Area
Below average
26% smaller than neighborhood avg.
Year Built
Below average
46 yrs older than neighborhood avg.
Mother tongue
English · 51%Punjabi · 12%
Past 10 years Peguis sales snapshot (~80% of all data)
887
505.3k
$321/sqft
2017
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70.7 is composed by the two sections below.
Property Score
Community Score
Peguis
How to read: Share of sales in each ~$50k price band for “peguis” (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: #46111251
$89K
Median household income
$95K
Average household income
9%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.8
P90 / P10 ratio
23%
Single-person households
31%
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
489 Almey Avenue — 2 amenities found within 500 m, across 2 categories, including 1 healthcare (nearest 498 m), 1 parks (nearest 247 m).
Peguis · WPS public data · 2026
Annual incidents
15
2026
vs. city avg
-49%
relative to avg
Year-over-year
▼ -91%
vs. prior year
Primary type
Property
67%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 12% | Bottom 27% | Top 40% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 489 Almey Avenue, Winnipeg
Key Characteristics & Appeal
This home presents a distinct value proposition centered on its exceptional lot size. Built in 1971, the 1,188 sqft house sits on over 51,000 sqft of land (approximately 1.17 acres), which is in the top 1% of properties both in the Peguis area and citywide. This extraordinary land parcel offers rare potential for privacy, expansion, gardening, or recreational space within the city.
The appeal lies in a clear trade-off: you are acquiring a significant parcel of land with a modest, older home. The assessed value of $530k is above average for both the wider city and the Peguis area, indicating the premium is placed on the land itself. The living space is below average for the immediate street and neighborhood, suggesting the house may require updates or is suited for those with simpler spatial needs.
This property would best suit a buyer whose priority is land over a turnkey, modern home. It’s ideal for someone seeking long-term potential—whether for future building, extensive outdoor use, or as a land investment—and who is comfortable with a home that is functionally sound but may reflect its era. It is less suited for buyers seeking maximum interior square footage or a newer build without renovation plans.
Frequently Asked Questions
1. Is the high assessed value driven by the house or the land?
The data strongly suggests the land. The assessed value is above average for the city, but the living area is average city-wide and below average for the neighborhood. The "Elite" ranking for lot size confirms the land is the primary contributor to the valuation.
2. How does the home's age affect its condition and value?
At 55 years old, the home is older than most in the Peguis area. Buyers should budget for age-related maintenance, potential updates to systems, and consider a thorough inspection. The value is insulated by the land, but the house itself may require investment.
3. What does the sold price history from 2016 indicate?
The home sold for between $350k-$400k in late 2016. The increase to the current $530k assessment highlights significant appreciation over eight years, consistent with broader market trends and underscoring the enduring value of large lots.
4. Are there any development restrictions or bylaws for a lot this size?
This is a critical question. A lot of this size in a city neighborhood may have specific zoning bylaws governing subdivisions, secondary suites, or outbuildings. Due diligence with the city planning department is essential to understand the full potential of the land.
5. How does the property compare to others on the same street?
On Almey Avenue, this home has a larger-than-average lot (ranked 10th of 54) but a smaller-than-average living area (ranked 46th of 54). This indicates it is a unique offering on the street, with more land but less house than most of its immediate neighbors.
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