74 Pennefather Street

River East, Winnipeg

Property score

83.3

Excellent

Overall 83.3 · Larger and newer than most nearby homes

2,099 sqft (top 9%) · Built in 1979 (3 yrs newer than avg)

Located in a high-income area with median household income of ~114k

Transit 70.0 · 1-min walk to transit with 1 nearby route · Within 500m: 2 parks nearby

Living Area

Above average

50% larger than neighborhood avg.

Year Built

Above average

3 yrs newer than neighborhood avg.

Mother tongue

English · 83%French · 2%

Past 10 years River East sales snapshot (~80% of all data)

Sold Count

826

Median price

425k

$/sqft

$395/sqft

Avg build year

1976

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Property score

83.3 is composed by the two sections below.

Property Score

82.5Excellent
Living Area2,099 sqft94Excellent
Year Built197967Good
Lot Size5,565 sqft74Good
Neighbourhood Sales Activity32Low

Community Score

84.4Excellent
Household Income90Excellent
Education Level63Fair
Housing Stress100Excellent
Core Housing Need100Excellent
Employment Health68Good

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110771

Community deep dive

$114K

Median household income

$127K

Average household income

2%

Low income (LIM-AT)

0.2

Income inequality (Gini)

2.6

P90 / P10 ratio

13%

Single-person households

33%

Families with children

Population, labour & age

Population (2021)465
Labour force participation rate55%
Median age46.4
Avg household size2.6
Unemployment rate0%
Population density3100 / km²

Households & income

Low income (LIM-AT, % pop.)2%
Single-person households13%
Couple families with children33%
Median household income (2020)$114K

Housing

Renter households8%
Condominium dwellings0%
Median dwelling value (owners)$400K

Diversity, education & language

Immigrants (share of pop.)9%
Visible minority5%
Bachelor's or higher (25–64)34%
Mother tongue (1st)English · 82%
Mother tongue (2nd)French · 2%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

above average
2,099 sqft
0255075100
Same streetTop 8%Same areaTop 9%CitywideTop 9%
Same street · Pennefather Street
#2 / 24
Top 8% · Avg 1,537 sqft
Same area · River East
#249 / 2,836
Top 9% · Avg 1,399 sqft
Citywide · Winnipeg
#16,598 / 194,458
Top 9% · Avg 1,342 sqft

Tax-Assessed Value

Elite
489k
0255075100
Same streetTop 4%Same areaTop 14%CitywideTop 22%
Same street · Pennefather Street
#1 / 24
Top 4% · Avg 418.9k
Same area · River East
#390 / 2,836
Top 14% · Avg 401.1k
Citywide · Winnipeg
#41,968 / 194,458
Top 22% · Avg 390.1k

Year Built

above average
1979
0255075100
Same streetTop 21%Same areaTop 29%CitywideTop 34%

Lot Size

around average
5,565 sqft
0255075100
Same streetBottom 33%Same areaBottom 28%CitywideTop 41%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

74 Pennefather Street — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 69 m).

Search radius
🌳Parks2

Crime & Safety

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%

Sales History

Sold 9/2016CA$450k–500k
Sold price

Same street

Top 50%

Same area

Top 21%

City-wide

Top 23%

Related homes

Highlights & common questions: 74 Pennefather Street, Winnipeg

Property Overview: 74 Pennefather Street, Winnipeg

Section 1: Key Characteristics & Appeal

This River East home stands out for its generous living space and strong assessed value. At 2,099 sqft, the living area is notably above average, ranking in the top 9% for the neighborhood and city. The assessed value of $489k is elite for its immediate street, ranking #1 out of 24 homes, indicating it is perceived as a premium property in its micro-location. Built in 1979, it is typical for the area but may benefit from updates that reflect modern living standards.

The primary appeal lies in its spacious interior combined with a established, desirable location on a street where property values are strong. The lot size, while slightly below the neighborhood average, is consistent with city-wide norms, suggesting a manageable yard with less maintenance.

This property would best suit buyers prioritizing interior space over expansive outdoor land, and who value a home with a proven, high assessment in its immediate vicinity. It’s a solid choice for someone looking for a move-in-ready canvas in a mature neighborhood, potentially appealing to growing families or those downsizing from a larger lot but not wanting to sacrifice indoor square footage.

Section 2: Frequently Asked Questions

1. How does the assessed value relate to the likely selling price?
The assessed value ($489k) is for municipal tax purposes and is often a different figure from market value. However, its elite ranking on the street suggests it is a high-caliber property for the area, which can be a positive indicator.

2. The home was last sold in 2016. What might have changed since then?
Given the sale was nearly a decade ago, there’s a significant period where upgrades, maintenance, or wear could have occurred. A thorough inspection is key to understand the current condition of major systems (roof, HVAC, plumbing) and any renovations completed.

3. The lot size is noted as below the neighborhood average. What does this mean practically?
It means the yard may be somewhat smaller than many in River East. This can be an advantage for those seeking lower outdoor maintenance, but could be a consideration for buyers wanting extensive garden space, a large patio, or future expansion.

4. Are the sold prices of nearby homes from 2016 a good indicator of current value?
While they provide historical context, the Winnipeg market has changed since 2016. These figures are best used to understand past trends rather than to pinpoint today’s value. Current market conditions and recent comparable sales are more relevant.

5. How can I get the exact sale history and verified details for this property?
The provided data is compiled from public sources. For fully verified transaction history and exact sale prices, you would need to request a manual lookup from the site via email, as this information is not sourced from the MLS system.

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