498 Spence Street

Spence, Winnipeg

Property score

59.4

Fair

Overall 59.4 · Larger than most nearby homes

2,791 sqft (top 1%) · Built in 1904 (14 yrs older than avg)

Located in a below-average income area with median household income of ~41.2k

Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 22 dining spots, 5 schools, 6 healthcare facilitys, and 14 shops nearby

Living Area

Above average

83% larger than neighborhood avg.

Year Built

Below average

14 yrs older than neighborhood avg.

Mother tongue

English · 56%Chinese · 5%

Past 10 years Spence sales snapshot (~80% of all data)

Sold Count

216

Median price

221.5k

$/sqft

$117/sqft

Avg build year

1918

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Property score

59.4 is composed by the two sections below.

Property Score

75.5Good
Living Area98
2,791 sqftExcellent
Year Built10
1904Low
Lot Size74
5,932 sqftGood
Neighbourhood Sales Activity71
Good

Community Score

35.2Low
Household Income40
Low
Education Level10
Low
Housing Stress52
Fair
Core Housing Need38
Low
Employment Health42
Low

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110083

Community deep dive

$41K

Median household income

$65K

Average household income

32%

Low income (LIM-AT)

0.3

Income inequality (Gini)

3.6

P90 / P10 ratio

41%

Single-person households

13%

Families with children

Population, labour & age

Population (2021)638
Labour force participation rate49%
Median age35.6
Avg household size2.2
Unemployment rate12%
Population density10633 / km²

Households & income

Low income (LIM-AT, % pop.)32%
Single-person households41%
Couple families with children13%
Median household income (2020)$41K

Housing

Renter households82%
Condominium dwellings0%
Median dwelling value (owners)$224K

Diversity, education & language

Immigrants (share of pop.)36%
Visible minority55%
Bachelor's or higher (25–64)8%
Mother tongue (1st)English · 56%
Mother tongue (2nd)Chinese · 4%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

Elite
2,791 sqft
0255075100
Same streetTop 4%Same areaTop 1%CitywideTop 2%
Same street · Spence Street
#7 / 157
Top 4% · Avg 1,925 sqft
Same area · Spence
#6 / 513
Top 1% · Avg 1,526 sqft
Citywide · Winnipeg
#2,972 / 194,458
Top 2% · Avg 1,342 sqft

Tax-Assessed Value

Elite
403k
0255075100
Same streetTop 2%Same areaTop 1%CitywideTop 38%
Same street · Spence Street
#3 / 157
Top 2% · Avg 247.5k
Same area · Spence
#7 / 513
Top 1% · Avg 194.4k
Citywide · Winnipeg
#73,075 / 194,458
Top 38% · Avg 390.1k

Year Built

around average
1904
0255075100
Same streetTop 40%Same areaBottom 35%CitywideBottom 1%

Lot Size

Elite
5,932 sqft
0255075100
Same streetTop 3%Same areaTop 2%CitywideTop 34%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

498 Spence Street — 65 amenities found within 500 m, across 9 categories, including 22 dining (nearest 104 m), 5 education (nearest 185 m), 6 healthcare (nearest 163 m).

Search radius
🍽️Dining22
🏫Education5
🏥Healthcare6
🛒Shopping14
🌳Parks7
💪Sports3
🏦Finance3
Worship4
🏛️Government1

Crime & Safety

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%

Full crime data for Spence →Winnipeg crime overview →

Sales History

Sold 2/2025CA$400k–450k
Sold price

Same street

Top 6%

Same area

Top 1%

City-wide

Top 25%

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