Property score
37.2
Below average
Overall 37.2 · Smaller and older than most nearby homes
550 sqft (bottom 1%) · Built in 1920 (56 yrs older than avg)
Located in a average-income area with median household income of ~59.2k
Transit 92.0 · 3-min walk to transit with 5 nearby routes · Within 500m: 6 dining spots, 1 school, 1 healthcare facility, and 1 shop nearby
Living Area
Below average
61% smaller than neighborhood avg.
Year Built
Below average
56 yrs older than neighborhood avg.
Mother tongue
English · 76%French · 2%
Past 10 years River East sales snapshot (~80% of all data)
826
425k
$395/sqft
1976
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
37.2 is composed by the two sections below.
Property Score
Community Score
River East
How to read: Share of sales in each ~$50k price band for “river east” (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: #46110742
$59K
Median household income
$72K
Average household income
16%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.6
P90 / P10 ratio
46%
Single-person households
13%
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
233 Douglas Avenue — 10 amenities found within 500 m, across 5 categories, including 6 dining (nearest 303 m), 1 education (nearest 476 m), 1 healthcare (nearest 274 m).
River East · WPS public data · 2026
Annual incidents
17
2026
vs. city avg
-42%
relative to avg
Year-over-year
▼ -92%
vs. prior year
Primary type
Property
71%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Bottom 1% | Bottom 4% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 233 Douglas Avenue, Winnipeg
Key Characteristics & Appeal
This is a modest, century-old home (built 1920) on an unusually large lot in Winnipeg's River East neighborhood. Its defining characteristic is the significant imbalance between the size of the house and the land it sits on. The living space is 550 sqft, which ranks it below average on every level—street, neighborhood, and city-wide. Similarly, its assessed value is notably lower than surrounding properties.
The primary appeal lies in its land. At over 8,350 sqft, the lot size is well above average, ranking in the top 10% city-wide. This presents a clear value proposition: a very low entry price for a substantial piece of land in an established area. The home itself suits a minimalist lifestyle or could serve as a temporary foothold.
This property would best suit a specific type of buyer: an investor, builder, or hands-on homeowner with a long-term vision. It’s a potential redevelopment site, or a project for someone willing to live small while planning a major renovation or future build. It is less suited for those seeking move-in-ready space or comparing finished square footage to other homes in its price range.
Frequently Asked Questions
1. Why is the assessed value so much lower than the neighbors?
The assessed value reflects the current state and size of the improvement (the house). Given the home's very small size and age compared to others in the area, the valuation is primarily for the land, with minimal value assigned to the existing structure.
2. Is this a teardown property?
While the existing home is livable, its proportions and rankings strongly suggest it is valued as a land play. The numbers indicate that most of the property's worth is in the lot, making it a prime candidate for redevelopment or a significant rebuild in the future.
3. What are the main drawbacks?
The obvious drawback is the limited and aging living space. Buyers should budget for higher per-square-foot renovation costs due to the home's age and small scale, and recognize that the property's value won't appreciate like a typical home until significant investment or change occurs.
4. Who would this property NOT be a good fit for?
It is not ideal for families needing immediate space, buyers who dislike project homes, or those who prioritize neighborhood comparables in terms of finished square footage and modern amenities.
5. How reliable is the sold price data shown?
The site provides sold price ranges based on public data but notes it is not MLS-sourced. For fully verified, exact transaction figures, you must request a manual lookup from their team, as industry rules prevent displaying official MLS records here.
