534 Spence Street

Spence, Winnipeg

52.3

Fair

Overall 52.3

Larger but older than most nearby homes

2,114 sqft (top 10%)

Built in 1894 (24 yrs older than avg)

Located in a below-average income area

with median household income of ~41.2k

Transit 94.0

1-min walk to transit with 4 nearby routes

Within 500m: 22 dining spots, 3 schools, 6 healthcare facilitys, and 15 shops nearby

Living Area

Above average

39% larger than neighborhood avg.

Year Built

Below average

24 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

52.3 is composed by the two sections below.

Property Score

63.7Fair
Living Area2,114 sqft94Excellent
Year Built18945Low
Lot Size2,430 sqft18Low
Neighbourhood Sales Activity71Good

Community Score

35.2Low
Household Income40Low
Education Level10Low
Housing Stress52Fair
Core Housing Need38Low
Employment Health42Low

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

above average
2,114 sqft
0255075100
Same streetTop 35%Same areaTop 10%CitywideTop 8%
Same street · Spence Street
#55 / 157
Top 35% · Avg 1,925 sqft
Same area · Spence
#49 / 513
Top 10% · Avg 1,526 sqft
Citywide · Winnipeg
#15,932 / 194,458
Top 8% · Avg 1,342 sqft

Tax-Assessed Value

above average
293k
0255075100
Same streetTop 30%Same areaTop 8%CitywideBottom 27%
Same street · Spence Street
#47 / 157
Top 30% · Avg 247.5k
Same area · Spence
#40 / 513
Top 8% · Avg 194.4k
Citywide · Winnipeg
#141,299 / 194,458
Bottom 27% · Avg 390.1k

Year Built

below average
1894
0255075100
Same streetBottom 6%Same areaBottom 8%CitywideBottom 1%

Lot Size

around average
2,430 sqft
0255075100
Same streetBottom 11%Same areaBottom 33%CitywideBottom 3%

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

534 Spence Street — 57 amenities found within 500 m, across 8 categories, including 22 dining (nearest 18 m), 3 education (nearest 186 m), 6 healthcare (nearest 59 m).

Search radius
🍽️Dining22
🏫Education3
🏥Healthcare6
🛒Shopping15
🌳Parks6
🏦Finance2
Worship2
🏛️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 1/2023CA$300k–350k
Sold price

Same street

Top 11%

Same area

Top 5%

City-wide

Top 49%

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