55.8
Fair
Property score
55.8
Fair
Overall 55.8
Smaller and older than most nearby homes
990 sqft (bottom 17%)
Built in 1958 (18 yrs older than avg)
Located in a above-average income area
with median household income of ~76.5k
Transit 86.0
4-min walk to transit with 4 nearby routes
Within 500m: 4 dining spots, 1 healthcare facility, 2 shops, and 3 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
29% smaller than neighborhood avg.
Year Built
Below average
18 yrs older than neighborhood avg.
Mother tongue
English · 76%Punjabi · 2%
Past 10 years River East sales snapshot (~80% of all data)
826
425k
$395/sqft
1976
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55.8 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: #46110744
$77K
Median household income
$94K
Average household income
8%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.2
P90 / P10 ratio
40%
Single-person households
18%
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
241 Gilmore Avenue — 10 amenities found within 500 m, across 4 categories, including 4 dining (nearest 293 m), 1 healthcare (nearest 169 m), 2 shopping (nearest 374 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 27% | Bottom 26% | Bottom 42% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 241 Gilmore Avenue, River East, Winnipeg
Key Characteristics & Appeal
This home presents a distinct value proposition centered on its generous lot. At just under 1,000 sqft, the living space is modest and notably smaller than most homes on the street, in the neighborhood, and across Winnipeg. Built in 1958, it is also one of the older homes in the immediate area. However, these factors are balanced by an 8,774 sqft lot that ranks in the top 2% on Gilmore Avenue, offering exceptional outdoor space. The assessed value of $364k sits above the street average, suggesting the premium lot size is recognized in its valuation.
The primary appeal lies in this land potential. It suits a buyer comfortable with a smaller, older footprint who sees value in space for gardens, recreation, or future expansion. It’s a practical entry into the neighborhood, prioritizing land over finished square footage. A thoughtful perspective is that the below-average living area, while a compromise, may translate to lower utility costs and less maintenance, aligning with a simpler, more outdoor-focused lifestyle. This property would best suit a hands-on buyer, a small household, or an investor who views the large lot as the key long-term asset.
Frequently Asked Questions
1. Is the house in need of major updates due to its age?
Built in 1958, it is among the older homes on the block. While condition can vary, buyers should budget for potential updates to major systems like plumbing, electrical, or the roof, which may be nearing or past their typical lifespan.
2. How does the large lot impact property taxes?
The assessed value ($364k) is above the street average, partly due to the lot size. Taxes will be based on this assessment, so while you gain privacy and space, it comes with a corresponding tax implication.
3. Can the home be expanded or added onto?
The large lot certainly provides the physical space for an addition, deck, or garage. Any expansion would require checking City of Winnipeg zoning bylaws and obtaining the necessary permits.
4. How does the sold price history help determine market value?
The home sold between $300k-$350k in 2017. This provides a historical benchmark, but current market value will be driven by recent sales of comparable properties, current condition, and today’s market dynamics.
5. Are the living area comparisons based on exact matches?
The rankings compare this home to "comparable homes" in each scope (street, area, city). These are likely similar in type (e.g., single-family), but not identical. The data is useful for understanding general standing rather than a direct comparison to a specific model.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
