Property score
41.7
Below average
Overall 41.7 · Smaller than most nearby homes
1,218 sqft (bottom 29%) · Built in 1905 (13 yrs older than avg)
Located in a below-average income area with median household income of ~30k
Transit 94.0 · 2-min walk to transit with 4 nearby routes · Within 500m: 24 dining spots, 4 schools, 5 healthcare facilitys, and 12 shops nearby
Living Area
Below average
20% smaller than neighborhood avg.
Year Built
Near average
13 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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41.7 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
513 Sherbrook Street — 61 amenities found within 500 m, across 9 categories, including 24 dining (nearest 119 m), 4 education (nearest 234 m), 5 healthcare (nearest 148 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%
513 Sherbrook 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 & Appeal
This one-storey home on a large 4,308 sqft lot in Spence presents a clear value proposition centered on land potential and location. Its key characteristic is the significant disconnect between its very low assessed value and its above-average lot size, which ranks in the top 13% for the neighbourhood. Built in 1905, the 1,218 sqft house includes a basement but is unrenovated, positioning it firmly as a project or investment opportunity rather than a move-in-ready home.
The appeal lies in its foundational strengths: a substantial lot in a central Winnipeg neighbourhood, offering potential for renovation, expansion, or future redevelopment. It suits hands-on buyers, such as investors looking for a land-value play, contractors seeking a personal project, or first-time purchasers with the skills and budget to gradually restore a character home. A less obvious perspective is its potential appeal to those interested in sustainable living; the large lot could support a substantial garden, urban homestead, or other green initiatives not feasible on a standard city plot.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby properties?
The assessed value is primarily based on the current state and market value of the existing structure. Given the home's age and unrenovated condition, the value is largely in the land itself, which is reflected in the low assessment.
2. What does the "Top X%" ranking for lot size mean?
These rankings compare this property to others in the immediate area. For example, its lot size is larger than 87% of lots in the Spence neighbourhood, indicating it is a notably spacious parcel for the location.
3. Is this a good candidate for a full renovation?
For a buyer with a sufficient renovation budget and timeline, the solid lot size and one-storey layout provide a good foundation. A thorough inspection is essential to understand the full scope of work needed for a 121-year-old home.
4. What is the neighbourhood like?
The Spence neighbourhood is a central, established community in Winnipeg. Prospective buyers should visit at different times to gauge the area's character and explore local amenities to see if it aligns with their lifestyle.
5. Could this property be considered for a tear-down and rebuild?
Given the low assessed value and the size of the lot, this is a likely scenario for many investors. Any rebuild plans would need to comply with local zoning bylaws, which should be investigated prior to purchase.
