Property score
50.5
Fair
Overall 50.5 · Larger than most nearby homes
2,130 sqft (top 9%) · Built in 1905 (13 yrs older than avg)
Located in a below-average income area with median household income of ~30k
Transit 86.0 · 3-min walk to transit with 4 nearby routes · Within 500m: 25 dining spots, 6 schools, 4 healthcare facilitys, and 12 shops nearby
Living Area
Above average
40% larger 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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50.5 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
523 Furby Street — 62 amenities found within 500 m, across 9 categories, including 25 dining (nearest 170 m), 6 education (nearest 336 m), 4 healthcare (nearest 142 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 36% | Bottom 49% | Bottom 10% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This 1905 two-and-a-half storey home on Furby Street in Spence offers a blend of historic character and practical space. Its key appeal lies in its generous proportions, both in living area (2,130 sq ft) and land size (3,273 sq ft), which are notably above average for the neighbourhood and city. The home features a renovated basement, adding to its functional living space. While it lacks a garage, the property ranks highly for its lot size and living area within Winnipeg, suggesting a solid footprint and potential.
The property would suit a value-conscious buyer looking for a character home with room to grow or adapt in a central neighbourhood. It's particularly relevant for those who prioritize interior space and land over modern amenities like a garage or pool. The recent sale in 2022 indicates a relatively current market transaction, providing a clear benchmark. Given its assessed value is significantly lower than many comparable listings in the area, it may attract investors or renovators seeing potential beyond its current official valuation.
Frequently Asked Questions
What does the ranking data (e.g., "Top 16% in Winnipeg") actually mean?
This statistic compares this specific property feature (like living area) against all other properties in Winnipeg. For example, its living area is larger than 93% of Winnipeg properties, which is a significant advantage for space.
The assessed value is much lower than recent sale prices of nearby homes. Why?
Municipal assessed value for taxation purposes often lags behind current market values and is calculated using mass appraisal techniques. The recent 2022 sale price of $19.80k is a more current indicator of its market value, with nearby similar homes showing assessed values up to $23k.
Is the "renovated basement" a full legal suite?
The provided details confirm a renovated basement but do not specify if it is a legal secondary suite or has a separate entrance. This is a critical point for verification with the listing agent or city records, especially if rental income is a consideration.
What are the implications of the home being 121 years old?
While offering classic charm, it necessitates a thorough inspection for foundational integrity, wiring, plumbing, and insulation. The renovated basement is a positive update, but the overall home will likely require ongoing maintenance consistent with its age.
How does the lack of a garage affect practicality in this neighbourhood?
Without a garage, on-street parking is the only option. Prospective buyers should visit at different times to gauge parking availability. For some, the trade-off for a larger house and lot at this price point may outweigh the absence of private parking.
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