Property score
62.5
Fair
Overall 62.5 · Larger but older than most nearby homes
1,944 sqft (top 19%) · Built in 1900 (18 yrs older than avg)
Located in a average-income area with median household income of ~49.2k
Transit 80.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 20 dining spots, 2 schools, 8 healthcare facilitys, and 11 shops nearby
Living Area
Above average
27% larger than neighborhood avg.
Year Built
Below average
18 yrs older than neighborhood avg.
Mother tongue
English · 55%Tagalog · 8%
Past 10 years Spence sales snapshot (~80% of all data)
216
221.5k
$117/sqft
1918
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62.5 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: #46110076
$49K
Median household income
$73K
Average household income
30%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.7
P90 / P10 ratio
40%
Single-person households
16%
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
598 Young Street — 52 amenities found within 500 m, across 8 categories, including 20 dining (nearest 155 m), 2 education (nearest 366 m), 8 healthcare (nearest 165 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 | Top 24% | Top 15% | Bottom 29% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 598 Young Street, Spence, Winnipeg
Key Characteristics & Appeal
This is a substantial, century-old home (built 1900) on a large lot in Winnipeg's Spence neighbourhood. Its primary appeal lies in its generous scale and clear potential. With nearly 2,000 sq ft of living space and a full, unrenovated basement, it offers significant square footage for the assessed value. The property ranks highly for its lot size and living area within its immediate street and neighbourhood, suggesting it is a larger-than-average offering for the area.
The home would suit a specific type of buyer: a hands-on investor or an owner-occupant with renovation vision. It is not a move-in-ready property, but a project. Its value proposition is the opportunity to restore and modernize a character home with solid bones, or to hold the land for future potential. A less obvious perspective is its appeal to multi-generational or shared-living arrangements, given the "Two & 1/2 Storey" design and separate basement entrance, which could allow for flexible suite potential (subject to approvals). Buyers should be prepared for the work required, balanced by the fact that the home sits on a lot that is larger than 72% of others on its street.
Frequently Asked Questions
1. Why is the assessed value so much lower than the last sale price?
The 2016 sale price reflects the market at that time. The current assessed value for tax purposes is often based on different criteria and mass appraisal techniques, and can lag behind market shifts. It should not be used as a direct indicator of current market value.
2. What does the "Top X%" ranking mean for the year built?
While the home is 126 years old, it ranks in the top 28% on its street for "newness." This indicates that many houses on Young Street are even older, a common characteristic in historic neighbourhoods. It highlights the area's established, heritage character.
3. The basement is noted as "not renovated." What should I expect?
This typically means the basement is in original or utilitarian condition. Expect an unfinished space with concrete floors, exposed joists, and older mechanical systems. It presents both a blank canvas and a likely area for significant updates like insulation, moisture management, and modern wiring.
4. How does this property compare to others in Spence?
The data shows this home is larger in both living area and land size than the majority of compared properties in Spence. Its assessed value is also higher than 92% of neighbourhood comparisons, which is consistent with its larger scale, though it remains modest in absolute terms.
5. There is no garage. Is parking available?
The listing specifies no garage. Parking would be via on-street permit. The large lot size could potentially allow for the creation of a rear parking pad or garage, subject to City of Winnipeg zoning bylaws and permitting, which would be a key investigation point for a buyer.
