548 Spence Street

Spence, Winnipeg

Property score

57.9

Fair

Overall 57.9 · Larger but older than most nearby homes

2,778 sqft (top 2%) · Built in 1883 (35 yrs older than avg)

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

Transit 88.0 · 1-min walk to transit with 3 nearby routes · Within 500m: 20 dining spots, 2 schools, 6 healthcare facilitys, and 15 shops nearby

Living Area

Above average

82% larger than neighborhood avg.

Year Built

Below average

35 yrs older than neighborhood avg.

Mother tongue

English · 49%Tagalog · 6%

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

57.9 is composed by the two sections below.

Property Score

74.5Good
Living Area98
2,778 sqftExcellent
Year Built5
1883Low
Lot Size74
5,671 sqftGood
Neighbourhood Sales Activity71
Good

Community Score

32.9Low
Household Income40
Low
Education Level10
Low
Housing Stress52
Fair
Core Housing Need15
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: #46110077

Community deep dive

$41K

Median household income

$45K

Average household income

45%

Low income (LIM-AT)

0.3

Income inequality (Gini)

3.7

P90 / P10 ratio

26%

Single-person households

11%

Families with children

Population, labour & age

Population (2021)562
Labour force participation rate41%
Median age28.0
Avg household size2.5
Unemployment rate6%
Population density9366 / km²

Households & income

Low income (LIM-AT, % pop.)45%
Single-person households26%
Couple families with children11%
Median household income (2020)$41K

Housing

Renter households90%
Condominium dwellings0%
Median dwelling value (owners)

Diversity, education & language

Immigrants (share of pop.)33%
Visible minority45%
Bachelor's or higher (25–64)9%
Mother tongue (1st)English · 49%
Mother tongue (2nd)Tagalog · 6%

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

Rankings

Living Area

Elite
2,778 sqft
0255075100
Same streetTop 5%Same areaTop 2%CitywideTop 2%
Same street · Spence Street
#8 / 157
Top 5% · Avg 1,925 sqft
Same area · Spence
#8 / 513
Top 2% · Avg 1,526 sqft
Citywide · Winnipeg
#3,039 / 194,458
Top 2% · Avg 1,342 sqft

Tax-Assessed Value

above average
237k
0255075100
Same streetBottom 48%Same areaTop 21%CitywideBottom 14%
Same street · Spence Street
#81 / 157
Bottom 48% · Avg 247.5k
Same area · Spence
#108 / 513
Top 21% · Avg 194.4k
Citywide · Winnipeg
#166,491 / 194,458
Bottom 14% · Avg 390.1k

Year Built

below average
1883
0255075100
Same streetBottom 1%Same areaBottom 1%CitywideBottom 1%

Lot Size

Elite
5,671 sqft
0255075100
Same streetTop 11%Same areaTop 3%CitywideTop 39%

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

548 Spence Street — 53 amenities found within 500 m, across 8 categories, including 20 dining (nearest 77 m), 2 education (nearest 231 m), 6 healthcare (nearest 36 m).

Search radius
🍽️Dining20
🏫Education2
🏥Healthcare6
🛒Shopping15
🌳Parks5
🏦Finance1
Worship3
🏛️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 7/2016CA$200k–250k
Sold price

Same street

Bottom 35%

Same area

Top 40%

City-wide

Bottom 13%

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