44.5
Below average
Property score
44.5
Below average
Overall 44.5
Smaller but newer than most nearby homes
720 sqft (bottom 4%)
Built in 1958 (20 yrs newer than avg)
Located in a average-income area
with median household income of ~59.6k
Transit 80.0
2-min walk to transit with 3 nearby routes
Within 500m: 9 dining spots, 2 schools, 2 parks, and 1 sports facility nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
45% smaller than neighborhood avg.
Year Built
Above average
20 yrs newer than neighborhood avg.
Mother tongue
English · 78%Tagalog · 3%
Past 10 years Riverview sales snapshot (~80% of all data)
470
405k
$308/sqft
1938
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44.5 is composed by the two sections below.
Property Score
Community Score
Riverview
How to read: Share of sales in each ~$50k price band for “riverview” (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: #46110452
$60K
Median household income
$63K
Average household income
10%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.6
P90 / P10 ratio
53%
Single-person households
8%
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
397 Woodward Avenue — 20 amenities found within 500 m, across 6 categories, including 9 dining (nearest 116 m), 2 education (nearest 313 m), 2 parks (nearest 232 m).
Riverview · WPS public data · 2026
Annual incidents
7
2026
vs. city avg
-76%
relative to avg
Year-over-year
▼ -96%
vs. prior year
Primary type
Property
57%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 17% | Top 39% | Top 40% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 397 Woodward Avenue, Riverview, Winnipeg
Key Characteristics & Appeal
This 720 sqft bungalow, built in 1958 on a 3,642 sqft lot, presents a straightforward opportunity in Winnipeg's Riverview neighborhood. Its primary appeal lies in its position as a competitively priced, lower-maintenance entry point into a well-established area. The home sits on a street of similar properties, with its living area, assessed value ($323k), and lot size all ranking as "around average" among its immediate neighbors. This suggests it fits comfortably within its local streetscape without standing out as an outlier.
A thoughtful perspective is its "elite" ranking for year built within Riverview itself, where the average home was built in 1938. This means the house is notably newer than most in the broader neighborhood, which can be appealing for those mindful of potential maintenance or renovation needs associated with much older housing stock. The property would suit first-time buyers, downsizers, or investors seeking a manageable footprint in a central location. Its recent sale in the $350k-$400k range indicates it offers value relative to both street and city averages, catering to buyers who prioritize location and lot ownership over interior square footage.
Frequently Asked Questions
1. How does this home's size compare to others nearby?
At 720 sqft, the living area is below the average for both the Riverview neighborhood and Winnipeg overall. However, it is much closer to the average (917 sqft) for homes directly on Woodward Avenue, indicating the street itself consists of more modestly sized properties.
2. Is the assessed value a good indicator of the sale price?
The assessed value is $323,000. The home recently sold for an estimated $350,000-$400,000, which placed it in the top 17% of sale prices on its street. This suggests the market value exceeded its assessed value, likely due to market conditions or specific property features.
3. What does the "elite" ranking for year built mean?
Within the Riverview neighborhood, where the average comparable home was built in 1938, this 1958-built house is in the top 5% for being newer. This is a relative advantage in an area with many older homes, potentially implying updates or different construction materials.
4. How can I find out the exact sold price?
The public data shown is an estimated range. To obtain the exact sale price and verified transaction history, you must request a manual lookup via email through the website, as this information is not sourced from the MLS.
5. What are the trade-offs for the price and location?
The key trade-off is space. You gain a desirable location in Riverview and a manageable lot, but with significantly less interior square footage than the neighborhood and city averages. It’s a choice of prioritizing land and location over living area size.
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