64.2
Fair
Property score
64.2
Fair
Overall 64.2
Smaller and older than most nearby homes
970 sqft (bottom 16%)
Built in 1958 (35 yrs older than avg)
Located in a high-income area
with median household income of ~130k
Transit 74.0
4-min walk to transit with 2 nearby routes
Within 500m: 2 dining spots, 2 schools, 1 healthcare facility, 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
25% smaller than neighborhood avg.
Year Built
Below average
35 yrs older than neighborhood avg.
Mother tongue
English · 64%Punjabi · 8%
Past 10 years Riverbend sales snapshot (~80% of all data)
523
460k
$325/sqft
1993
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64.2 is composed by the two sections below.
Property Score
Community Score
Riverbend
How to read: Share of sales in each ~$50k price band for “riverbend” (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: #46110762
$130K
Median household income
$133K
Average household income
4%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.6
P90 / P10 ratio
10%
Single-person households
47%
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
340 Woodbine Avenue — 13 amenities found within 500 m, across 7 categories, including 2 dining (nearest 331 m), 2 education (nearest 238 m), 1 healthcare (nearest 338 m).
Riverbend · WPS public data · 2026
Annual incidents
15
2026
vs. city avg
-49%
relative to avg
Year-over-year
▼ -91%
vs. prior year
Primary type
Property
47%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 29% | Bottom 20% | Bottom 40% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 340 Woodbine Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a clear value proposition centered on its generous lot. At just under 1,000 sqft, the living space is modest and below the averages for both the Riverbend neighborhood and the city. Built in 1958, it is also one of the older homes in an area where many houses are more recent. The assessed value reflects this, sitting below the local averages.
The primary appeal lies in its expansive 7,497 sqft property, which ranks in the top 10-15% when compared to nearby and city-wide lots. This creates significant potential for expansion, gardening, or outdoor living that is harder to find in newer subdivisions. Its appeal is for practical buyers who see the land as the main asset—whether as a long-term family home with room to grow, or for someone comfortable with a smaller, classic floor plan who prioritizes private outdoor space. It suits a first-time buyer or downsizer looking for a manageable home in a stable area without a premium price, but with the valuable option of future improvement.
Section 2: Frequently Asked Questions
1. Is the house too small for a family?
While the living area is below average, the floor plan's efficiency and the large lot can offset this for some families. The lot provides crucial space for children to play and for adding a deck or patio, effectively extending the living area outdoors during warmer months.
2. How does the 1958 build date affect the property?
It indicates that major systems (roof, wiring, plumbing) may be near or past their typical lifespan, so a thorough inspection is essential. However, homes of this era often feature solid construction and larger lot sizes that are no longer common, which can be a worthwhile trade-off.
3. Why is the assessed value below the neighborhood average?
The assessment logically reflects the home's smaller size and older age compared to the many newer, larger homes in Riverbend. It suggests the price is primarily for the land and location, with the house itself contributing less to the valuation.
4. What is the realistic price based on recent sales?
Public data indicates it last sold between $300,000 and $350,000 in late 2021. Given market changes since then and its assessed value of $334,000, a current market price would likely be informed by recent sales of similar-sized homes on large lots in the area, rather than by larger, newer homes.
5. What are the immediate comparison points with nearby homes?
Looking at the provided examples, similar assessed values on the same street (like 253 Woodbine Ave) correspond to homes of similar size and age. This confirms the local market valuation for this specific home profile. In contrast, nearby homes with much higher values are typically newer and significantly larger.
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