34.9
Below average
Property score
34.9
Below average
Overall 34.9
Smaller but newer than most nearby homes
508 sqft (bottom 1%)
Built in 1929 (12 yrs newer than avg)
Located in a above-average income area
with median household income of ~71k
Transit 80.0
4-min walk to transit with 3 nearby routes
Within 500m: 7 dining spots, 3 schools, 3 healthcare facilitys, and 3 shops nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
57% smaller than neighborhood avg.
Year Built
Above average
12 yrs newer than neighborhood avg.
Mother tongue
English · 49%Tagalog · 16%
Past 10 years St. Matthews sales snapshot (~80% of all data)
552
219k
$261/sqft
1917
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34.9 is composed by the two sections below.
Property Score
Community Score
St. Matthews
How to read: Share of sales in each ~$50k price band for “st. matthews” (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: #46110095
$71K
Median household income
$71K
Average household income
14%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.0
P90 / P10 ratio
30%
Single-person households
21%
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
406 Simcoe Street — 26 amenities found within 500 m, across 6 categories, including 7 dining (nearest 128 m), 3 education (nearest 402 m), 3 healthcare (nearest 103 m).
St. Matthews · WPS public data · 2026
Annual incidents
62
2026
vs. city avg
+110%
relative to avg
Year-over-year
▼ -94%
vs. prior year
Primary type
Violent
42%
406 Simcoe 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
This 1929 one-storey home on a 3,299 sqft lot in St. Matthews presents a specific and compelling opportunity. Its key appeal lies in the value of the land and location rather than the size of the dwelling. With a living area of just 508 sqft, the existing house is among the smallest in Winnipeg, suggesting its primary value is as a footprint for significant renovation or future redevelopment. The lot size ranks in the top tier for the street and neighbourhood, offering ample outdoor space uncommon in central areas. The property suits a buyer looking for a central Winnipeg location in a well-established neighbourhood, who is either comfortable with a very compact living arrangement, planning a major renovation to expand the footprint, or considering the long-term land value. It’s a practical entry point into the market for a minimalist, an investor, or a builder, with the understanding that the existing structure is likely more of a starting point than a finished home.
Frequently Asked Questions
1. Is this a "tear-down" property?
While the home is livable, its exceptionally small size and age indicate that its highest and best use may be a substantial expansion or complete redevelopment. The lot's strong rankings for size and location support this perspective.
2. Why is the assessed value so much lower than nearby homes?
The assessed value is primarily based on the existing structure's size and condition. Compared to similar-sized lots on the same street with larger, renovated homes (see 427 Simcoe), the value is significantly lower, highlighting the potential value gap for a buyer who can improve the property.
3. What are the real costs of owning a home this small?
While property taxes and utility costs may be lower due to the small size and low assessment, potential buyers should budget for updates to essential systems (plumbing, electrical, insulation) common in a home of this age, which can be proportionally high relative to the home's total value.
4. Is the neighbourhood undergoing change?
The provided comparisons show a mix of well-renovated homes and more modest properties on the same street, suggesting an area in transition. This can represent an opportunity for value growth but also means neighbouring properties may be under construction.
5. Who would this property not suit?
It is not ideal for a buyer seeking a move-in ready, standard-sized family home without a major renovation budget. The compact living space requires a minimalist lifestyle, and any expansion project would require significant time, financing, and planning.
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