Property score
59.7
Fair
Overall 59.7 · Smaller and older than most nearby homes
816 sqft (bottom 3%) · Built in 1958 (18 yrs older than avg)
Located in a high-income area with median household income of ~110k
Transit 62.0 · 3-min walk to transit with 1 nearby route · Within 500m: 2 parks nearby
Living Area
Below average
42% smaller than neighborhood avg.
Year Built
Below average
18 yrs older than neighborhood avg.
Mother tongue
English · 79%French · 2%
Past 10 years River East sales snapshot (~80% of all data)
826
425k
$395/sqft
1976
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59.7 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: #46110769
$110K
Median household income
$121K
Average household income
1%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
18%
Single-person households
30%
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
288 Emerson Avenue — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 275 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 22% | Bottom 29% | Bottom 43% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 288 Emerson Avenue, Winnipeg
Key Characteristics & Appeal
This home at 288 Emerson Avenue in River East is a classic, modest-sized bungalow built in 1958, sitting on a generously sized lot of just over 6,100 square feet. Its key characteristics are defined by clear contrasts: the living space of 816 sqft is notably compact compared to most homes on the street and in Winnipeg overall, while the lot size is above the citywide average. The assessed value of $284k is significantly below local averages, reflecting its smaller footprint and older vintage.
The primary appeal lies in its value proposition and potential. It represents a more accessible entry point into the Winnipeg market, particularly for a homeowner willing to grow into the property over time. The large lot is a standout asset, offering ample outdoor space and future expansion possibilities that many newer homes in this price range simply cannot match. This property would best suit first-time buyers, downsizers seeking minimal indoor maintenance, or value-oriented investors looking for a property with a strong land-to-structure ratio. It’s a home that prioritizes land over living area, appealing to those who see long-term potential or value in outdoor space.
Frequently Asked Questions
1. Why is the assessed value so much lower than the neighbors?
The assessed value is primarily lower due to the home's significantly smaller living area and its older construction date compared to many homes on the street. Value is driven by the land and the building; here, the building's modest size brings the total assessment down.
2. Is the small living area a major drawback?
It depends on your needs. For a single person, couple, or downsizer, 816 sqft can be efficient and manageable. For a growing family, it may feel cramped. The trade-off is the larger lot, which provides valuable outdoor space not found with many similarly priced homes.
3. What does the lot size actually offer me?
A lot of this size (over 6,100 sqft) in the city provides excellent space for gardening, recreation, and privacy. It also presents a tangible future opportunity: the possibility of an addition, a garage, or a garden suite (subject to zoning and permits), which could offset the smaller interior.
4. The home sold recently in 2023. What does that indicate?
The sale within the last two years suggests the market confirmed its value as an entry-level property. Reviewing the exact sold price (available by request) would show how the market price compared to its current assessment, indicating recent market activity and stability.
5. How should I interpret the "below average" rankings for this property?
These rankings are useful context, not a verdict. They quantitatively confirm that this is a smaller, older, and more value-priced home compared to averages in the area. This is precisely what creates its affordability. The key is to see if this specific combination of characteristics—a smaller home on a larger lot—aligns with your lifestyle and goals.
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