43.7
Below average
Property score
43.7
Below average
Overall 43.7
Compared with neighbourhood average
1,424 sqft (bottom 46%)
Built in 1905 (13 yrs older than avg)
Located in a below-average income area
with median household income of ~30k
Transit 88.0
2-min walk to transit with 3 nearby routes
Within 500m: 23 dining spots, 3 schools, 6 healthcare facilitys, and 14 shops nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
7% 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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43.7 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
581 Furby Street — 57 amenities found within 500 m, across 8 categories, including 23 dining (nearest 78 m), 3 education (nearest 375 m), 6 healthcare (nearest 200 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 41% | Top 46% | Bottom 11% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 581 Furby Street, Winnipeg
Key Characteristics & Appeal
This is a classic 1905-built two-and-a-half storey home in Winnipeg's Spence neighbourhood, sitting on a larger-than-average lot. Its key appeal lies in its solid fundamentals and clear value proposition. The home offers generous living space (1,424 sq ft) that ranks well above average for its immediate street and features a full, unrenovated basement offering potential. The property sold recently in late 2024, providing a clear, modern market price benchmark.
Its suitability is for a specific buyer: it's ideal for a hands-on purchaser or investor who values space and location over turn-key condition. The appeal is grounded in the lot size, the historic character of the home, and its position in a neighbourhood with a mix of revitalization and established community. A less obvious perspective is that the significant gap between the recent sale price and the assessed value may indicate perceived potential or market dynamics that aren't captured by the official valuation, which could represent an opportunity or require extra due diligence. This isn't a move-in-ready home, but a solid project for someone looking to put their own stamp on a character property.
Frequently Asked Questions
1. What does "two-and-a-half storey" mean for this home?
This typically describes a home with two full floors of living space and a smaller third floor under a sloped roof (often in the attic space), which is common for homes of this era. It contributes to the character and potentially offers flexible space.
2. The assessed value is much lower than the recent sale price. Why?
Municipal assessed value is for tax purposes and often lags behind the current market. The sale price reflects what a buyer recently agreed to pay, which can be influenced by factors like lot size, interior condition, and market demand that aren't fully captured in the assessment formula.
3. What should I know about the unrenovated basement?
An unrenovated basement means the space is raw or in its original state. It offers potential for future development (like a rec room or suite, subject to permits), but will require a thorough inspection for moisture, foundation integrity, and necessary updates like electrical or insulation.
4. How does this home compare to others on the street and in Spence?
The data shows this home ranks above average for lot size and living area on its street, but is around average or newer for its year built. In the broader Spence neighbourhood, it ranks highly for lot size. This suggests you're getting more land and interior space than many nearby properties.
5. The home sold recently. Does that affect its value or appeal?
The recent sale provides a very current and reliable price point, which adds transparency. For a new buyer, it means the property is likely being resold quickly, which could be for any number of reasons—from an investor's flip to a change in plans—making a detailed look at the listing history and any recent work done crucial.
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