Property score
38.6
Below average
Overall 38.6 · Compared with neighbourhood average
1,279 sqft (bottom 35%) · Built in 1903 (15 yrs older than avg)
Located in a below-average income area with median household income of ~30k
Transit 100.0 · 1-min walk to transit with 5 nearby routes · Within 500m: 34 dining spots, 7 schools, 4 healthcare facilitys, and 12 shops nearby
Living Area
Below average
16% smaller than neighborhood avg.
Year Built
Below average
15 yrs older than neighborhood avg.
Mother tongue
English · 66%Tagalog · 6%
Past 10 years Spence sales snapshot (~80% of all data)
216
221.5k
$117/sqft
1918
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38.6 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: #46110084
$30K
Median household income
$42K
Average household income
43%
Low income (LIM-AT)
0.3
Income inequality (Gini)
4.2
P90 / P10 ratio
57%
Single-person households
6%
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
494 Langside Street — 72 amenities found within 500 m, across 9 categories, including 34 dining (nearest 88 m), 7 education (nearest 330 m), 4 healthcare (nearest 88 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%
494 Langside Street: We are not showing a transaction history based solely on public data; that does not mean no sale ever occurred. You can still request details by email in the “Data notes” section below—we will look it up manually and reply with the most accurate information available.
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 494 Langside Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 494 Langside Street in Spence is a classic Winnipeg character property, built in 1903. With 1,279 sqft of living space, its size is quite typical for the street and neighborhood, sitting close to the local averages. The lot is a manageable 2,245 sqft.
The primary appeal lies in its value proposition. The home’s assessed value of $103k is significantly below averages at every level—street, neighborhood, and city-wide. This creates a substantial entry point into homeownership, particularly for a stand-alone house. It suits buyers with a vision, such as first-time purchasers seeking a project, investors looking for a rental property with a low tax base, or those who prioritize allocating their budget toward renovations rather than the initial purchase price. A thoughtful perspective is that its older vintage and below-average valuation might offer more flexibility for creative upgrades or a slower, budget-friendly restoration, compared to a newer home where more elements are already finalized.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
Assessed value is for municipal tax purposes and is influenced by factors like age, condition, size, and recent improvements. A value this far below area averages often reflects the home’s original state and may indicate it has not been substantially renovated or updated in recent years.
2. How does the living area compare practically?
At 1,279 sqft, the home is slightly smaller than the immediate street average but offers a functional footprint common for early 1900s houses. It’s larger than many city-wide comparables, suggesting a good balance of classic layout and usable space for the price.
3. What can the nearby property listings tell me?
The listed nearby homes show a mix of renovated and unrenovated properties from various eras. Noting the assessed values of similar-sized homes on the same street (some over $200k) can help gauge the potential long-term value of improvements made to 494 Langside.
4. How reliable is the sold price history provided here?
The site states it does not use MLS data. While they offer a manual lookup service for exact figures, the publicly displayed data is from other sources and should be considered a starting point. For verified sale history, consulting directly with a real estate professional is recommended.
5. Is the lot size a limitation?
At just under a quarter of the city-wide average, the lot is compact. This means lower maintenance but less private outdoor space. It’s a trade-off that aligns with a central, established neighborhood and contributes to the home’s affordability.
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