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 88.0
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
401 Woodward Avenue — 20 amenities found within 500 m, across 6 categories, including 9 dining (nearest 107 m), 2 education (nearest 322 m), 2 parks (nearest 225 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 50% | Bottom 41% | Bottom 46% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 33% | Top 50% | Top 48% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 401 Woodward Avenue, Winnipeg
Key Characteristics & Buyer Appeal
This 720 sqft bungalow at 401 Woodward Avenue in Riverview is a compact, mid-century home built in 1958. Its primary appeal lies in its relative value and position within a well-established neighborhood. With an assessed value of $337k, it sits comfortably around the average for its street, area, and the wider city, suggesting a fair market entry point.
The home’s standout characteristic is its age within Riverview: built in 1958, it is newer than 95% of neighborhood comparables, potentially implying fewer concerns with outdated infrastructure common in much older homes. However, its living space and lot size (3,642 sqft) are notably below the Riverview and city averages, defining it as a more modest, efficient property.
This home would best suit first-time buyers, downsizers, or investors seeking an affordable foothold in a central neighborhood. Its manageable scale offers lower maintenance and utility costs. A thoughtful perspective is that its smaller size and newer construction (for the area) could represent a "right-sized" option, avoiding the premium for space that may not be needed while offering a structurally sounder base than many neighboring, older homes.
Frequently Asked Questions
1. How does the property’s size compare to nearby homes?
At 720 sqft, the living area is below the Riverview neighborhood average. However, on its own street, it ranks closer to the typical size, indicating the immediate block may feature more similarly scaled homes.
2. Is the assessed value in line with recent sale prices?
The assessed value of $337k is consistent with the home’s last recorded sale price range of $300k–$350k in late 2022. This suggests stability and a realistic municipal assessment.
3. What does the "Elite" ranking for year built mean?
This indicates the home, built in 1958, is newer than approximately 95% of comparable properties in Riverview. This is a relative advantage in a neighborhood with many homes dating back to the early 1900s.
4. How can I verify the exact historical sale prices?
The site provides sold price ranges for transparency. Due to industry rules, exact MLS figures are not published here. You can request the exact sale history via email, which the team will manually provide.
5. What are the trade-offs for the below-average lot size?
The lot is smaller than most in Riverview and Winnipeg, which means less outdoor space. However, this often translates to less yard maintenance. The lot is still fairly typical for Woodward Avenue itself, maintaining streetscape consistency.
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