72.8
Good
Property score
72.8
Good
Overall 72.8
Newer than most nearby homes
1,183 sqft (bottom 41%)
Built in 2004 (11 yrs newer than avg)
Located in a high-income area
with median household income of ~130k
Transit 64.0
5-min walk to transit with 2 nearby routes
Within 500m: 2 schools, and 3 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
8% smaller than neighborhood avg.
Year Built
Above average
11 yrs newer 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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72.8 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
398 Woodbine Avenue — 5 amenities found within 500 m, across 2 categories, including 2 education (nearest 186 m), 3 parks (nearest 127 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 | Top 14% | Top 19% | Top 23% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 398 Woodbine Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a compelling mix of modern convenience and established neighborhood character. Built in 2004, it is notably newer than most homes on its street and in the wider Riverbend area, suggesting updated building systems and less immediate need for major renovations. With 1,183 sqft of living space, it offers a comfortably sized layout that is very typical for the area, fitting right in with the neighborhood's scale.
The primary appeal lies in its strong value proposition within a desirable location. Its assessed value of $421k ranks well above the street average, indicating it is perceived as a premium property on Woodbine Avenue. This positions it as a solid, modern home in a mature setting. The trade-off is a land area of 4,020 sqft, which is smaller than the norm for the street and city. This translates to less yard maintenance—a potential plus for busy professionals or those seeking a lock-and-leave lifestyle—but may limit expansion possibilities or private outdoor space.
This property would suit buyers looking for a move-in-ready home from the 2000s in a settled neighborhood, who prioritize interior condition and modern amenities over a large lot. It’s ideal for first-time buyers stepping into a stable area, downsizers seeking manageable upkeep, or investors attracted by a newer asset in a high-demand community.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to recent sales?
Based on available data, a home on this street sold in March 2023 for between $450,000 and $500,000. The current assessed value of $421k for 398 Woodbine sits below that range, but a professional appraisal and market conditions will determine its actual market price.
2. What does "newer than average" really mean for a 2004 home?
While 20 years old, this home is 27 years newer than the average house on Woodbine Avenue (built ~1977). This typically means more contemporary electrical wiring, plumbing, insulation standards, and likely newer windows and roof compared to many neighbors, potentially reducing near-term capital costs.
3. Is the smaller lot size a significant drawback?
It depends on your lifestyle. The lot is about 1,500 sqft smaller than the street average. This means less garden to maintain and lower exterior upkeep costs, but also less private outdoor space. It’s worth considering how you use a yard and if proximity to nearby parks offsets this.
4. The assessed value is high for the street but average for the area. What does that signal?
This suggests the property is a standout on its specific block, likely due to its newer construction. However, within the broader Riverbend neighborhood, it aligns with the mid-range market. This can be a positive, indicating you’re buying one of the better homes on the block.
5. Where can I get verified sale price history for this home?
The provided sold price data is from public sources. For fully verified transaction history and exact sale figures, you must request a manual lookup from the site via email, as this information is not sourced from the MLS system displayed here.
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