Property score
33.2
Below average
Overall 33.2 · Smaller and older than most nearby homes
976 sqft (bottom 10%) · Built in 1892 (26 yrs older than avg)
Located in a below-average income area with median household income of ~34.4k
Transit 88.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 28 dining spots, 5 schools, 7 healthcare facilitys, and 14 shops nearby
Living Area
Below average
36% smaller than neighborhood avg.
Year Built
Below average
26 yrs older than neighborhood avg.
Mother tongue
English · 44%Tagalog · 10%
Past 10 years Spence sales snapshot (~80% of all data)
216
221.5k
$117/sqft
1918
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33.2 is composed by the two sections below.
Property Score
Community Score
Spence
How to read: Share of sales in each ~$50k price band for “spence” (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: #46110082
$34K
Median household income
$38K
Average household income
45%
Low income (LIM-AT)
0.3
Income inequality (Gini)
4.3
P90 / P10 ratio
49%
Single-person households
9%
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
473 Spence Street — 71 amenities found within 500 m, across 9 categories, including 28 dining (nearest 163 m), 5 education (nearest 178 m), 7 healthcare (nearest 248 m).
Spence · WPS public data · 2026
Annual incidents
132
2026
vs. city avg
+347%
relative to avg
Year-over-year
▼ -91%
vs. prior year
Primary type
Property
42%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 10% | Bottom 29% | Bottom 5% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 473 Spence Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, historic home built in 1892, offering a unique proposition in Winnipeg’s Spence neighborhood. With 976 square feet of living space, it is notably smaller than most area homes, placing it in the top 10% smallest on its street. Its primary appeal lies in its affordability and lot size. The assessed value is significantly below city and neighborhood averages, representing a lower barrier to entry. While the house itself is modest, the 4,112 sqft lot is above average for the Spence area, offering valuable outdoor space or future potential relative to nearby properties.
This home would suit a specific buyer: a first-time purchaser, an investor, or someone seeking a minimalist footprint who values location and land over square footage. Its price point is accessible, and the larger-than-average lot for the neighborhood provides a tangible asset. It’s a property for those comfortable with a renovation-ready or character-filled older home, where the value is grounded in the land and fundamentals rather than in finished living space.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The assessed value reflects the home’s smaller size, older age, and likely its condition and features relative to comparables. It is consistent with being one of the more affordable properties in the area.
2. Is the larger lot a significant advantage?
Yes. In a central neighborhood like Spence where lots are typically smaller, having an above-average lot size is a key asset. It offers more private outdoor space and can be a factor for future expansion or landscaping, which many nearby properties cannot accommodate as easily.
3. What does the "Sold Price Range" of CA$150k–200k indicate?
This broad, estimated range suggests the home sold for a price significantly below the Winnipeg city average. For precise verification, you must request the exact sold price history via email, as per the site’s data restrictions.
4. How should I interpret the age of the home (1892)?
As one of the oldest homes on the street, it offers historic character but also implies a greater potential need for updates to major systems like wiring, plumbing, and insulation. Its age is a defining feature that requires careful inspection.
5. Are the comparisons to nearby homes useful?
Yes, they provide crucial context. You can see that while this home is smaller and valued lower than many on Spence Street, its lot size is competitive. Comparing it to nearby properties on Langside Street shows a mix of newer infill homes (with higher values) and similar older homes, helping to gauge the area’s diversity and this property’s position within it.
