Property score
48.4
Below average
Overall 48.4 · Smaller and older than most nearby homes
840 sqft (bottom 6%) · Built in 1968 (8 yrs older than avg)
Located in a average-income area with median household income of ~59.2k
Transit 76.0 · 5-min walk to transit with 4 nearby routes · Within 500m: 5 dining spots, 1 healthcare facility, 2 shops, and 3 parks nearby
Living Area
Below average
40% smaller than neighborhood avg.
Year Built
Below average
8 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
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48.4 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
256 Gilmore Avenue — 11 amenities found within 500 m, across 4 categories, including 5 dining (nearest 376 m), 1 healthcare (nearest 260 m), 2 shopping (nearest 443 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%
256 Gilmore Avenue: We are not showing a transaction history based solely on public data; that does not mean no sale ever occurred. You can still request details by email in the “Data notes” section below—we will look it up manually and reply with the most accurate information available.
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This 840 sqft bungalow at 256 Gilmore Avenue in Winnipeg's River East neighborhood presents a specific value proposition. Built in 1968, its key characteristic is a below-average living area for both its street and neighborhood, paired with an assessed value ($311k) that is also below local averages. However, it sits on a 5,719 sqft lot that is above average for Gilmore Avenue, offering a generous outdoor space relative to many immediate neighbors. The appeal lies in this land-to-structure ratio, providing a lower-priced entry point into the area with potential for expansion, gardening, or outdoor living. It would best suit first-time buyers, downsizers, or investors seeking a land-value play who are comfortable with a home that may require updates and are prioritizing lot size over interior square footage. A thoughtful perspective is that its "below-average" metrics compared to nearby homes could represent a relative discount in a stable area, with the lot offering a tangible asset that newer infill properties often lack.
Frequently Asked Questions
1. Why is the assessed value below the neighborhood average?
The assessed value reflects the home's smaller living area and older construction date compared to many homes in River East. The valuation appears to be closely tied to the existing structure's size and condition, with the lot size being a positive but not overriding factor in the assessment.
2. Is there potential to expand or rebuild on this lot?
The lot size is a significant feature, being above average for the street. This does create potential for a future addition or redevelopment, subject to all City of Winnipeg zoning bylaws, setback requirements, and permit approvals. A buyer should investigate these specifics before purchasing with expansion in mind.
3. How does the lack of sales history affect understanding its value?
Without recent public sales data for this specific address, value is primarily benchmarked against its assessed value and comparable nearby listings. Obtaining exact sales figures for similar homes on the street, which can be requested from the site, would provide a clearer market picture.
4. What does the "below average" living area ranking mean for daily life?
It confirms the home's interior is compact. For some, this means efficient, low-maintenance living. For families or those needing more space, it may feel constrained. The trade-off is the larger outdoor space, which can functionally extend the living area in warmer months.
5. Are the property taxes likely to be lower?
Typically, a lower assessed value results in lower municipal property taxes compared to higher-valued homes in the same area. However, the final tax bill is determined by the City's mill rate, so while likely lower, it cannot be precisely calculated from assessment alone.
