Property score
58.3
Fair
Overall 58.3 · Larger and newer than most nearby homes
2,222 sqft (top 7%) · Built in 1955 (37 yrs newer 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: 16 dining spots, 2 schools, 6 healthcare facilitys, and 11 shops nearby
Living Area
Above average
46% larger than neighborhood avg.
Year Built
Above average
37 yrs newer than neighborhood avg.
Mother tongue
English · 49%Tagalog · 6%
Past 10 years Spence sales snapshot (~80% of all data)
216
221.5k
$117/sqft
1918
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58.3 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: #46110077
$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
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
602 Balmoral Street — 48 amenities found within 500 m, across 8 categories, including 16 dining (nearest 169 m), 2 education (nearest 306 m), 6 healthcare (nearest 93 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%
602 Balmoral Street: We are not showing a transaction history based solely on public data; that does not mean no sale ever occurred. You can still request details by email in the “Data notes” section below—we will look it up manually and reply with the most accurate information available.
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 602 Balmoral Street, Winnipeg
Key Characteristics & Appeal
This home at 602 Balmoral Street in Spence presents a compelling mix of space, value, and character. Its primary appeal lies in offering significantly more interior space than most area homes, within a historically rich streetscape.
The 2,222 sqft living area is a standout feature, ranking in the top 7% for the Spence neighborhood and the top 6% city-wide, offering roominess uncommon for the area. Built in 1955, it is a notably newer construction compared to its immediate neighbors, where the average home was built around 1906. This suggests potentially fewer concerns with aging infrastructure common to century-old houses, while still residing on a street full of historic character.
With an assessed value of $364,000, it sits in an interesting position: it’s an elite, top 2% value for the Spence neighborhood, yet remains around the average mark city-wide. This indicates you are acquiring a premium property for the area at a price that aligns with the broader Winnipeg market. The lot size is typical for the street but smaller than the city average, focusing the value on the dwelling itself.
This property would suit a buyer looking for a spacious, mid-century home without a lengthy commute, who values being a large, modern home within a historic context. It’s ideal for someone who prioritizes interior space over a large yard and appreciates the stability and potential value advantage of owning one of the newer and larger homes in a well-established neighborhood.
Frequently Asked Questions
1. How does the 1955 build year affect this home compared to its neighbors?
Being built nearly 50 years later than the street average often means updated construction methods, electrical, and plumbing systems. This can translate to lower immediate repair costs and different architectural features than the surrounding heritage-style homes.
2. The assessed value is in the top 2% for Spence but only average city-wide. What does this mean?
This highlights that property values in Spence are generally lower than in many other Winnipeg neighborhoods. You are purchasing a home that is considered high-end for its immediate area at a price point that is median for the entire city, which can be seen as acquiring more house for your money within this specific location.
3. Is the smaller lot size a concern?
The lot is above average for Spence but below the Winnipeg average. This is typical for central, established neighborhoods. It means less yard maintenance but also less private outdoor space. The value here is concentrated in the living area of the home itself.
4. What might the "Elite" year-built ranking on the street indicate about future upkeep?
While newer than its neighbors, a 71-year-old home still requires diligent maintenance. However, this ranking suggests that compared to the other homes on Balmoral Street, major foundational or structural renewals associated with very early 1900s construction may be less of an immediate concern.
5. How can I get precise historical sale price data for this property?
The provided data does not include MLS sale records. To obtain the full transaction history and exact sale figures, you must request a manual lookup via email through the site’s "Data notes" section. The service is free, and they promise to provide the exact data without using your email for marketing.
