Property score
57.2
Fair
Overall 57.2 · Larger but older than most nearby homes
1,277 sqft (top 9%) · Built in 1912 (33 yrs older than avg)
Located in a above-average income area with median household income of ~71k
Transit 70.0 · 5-min walk to transit with 3 nearby routes · Within 500m: 6 dining spots, 1 school, 4 parks, and 5 place of worships nearby
Living Area
Above average
31% larger than neighborhood avg.
Year Built
Below average
33 yrs older than neighborhood avg.
Mother tongue
English · 83%Tagalog · 3%
Past 10 years Victoria West sales snapshot (~80% of all data)
447
236.5k
$311/sqft
1945
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57.2 is composed by the two sections below.
Property Score
Community Score
Victoria West
How to read: Share of sales in each ~$50k price band for “victoria west” (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: #46110832
$71K
Median household income
$87K
Average household income
7%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
36%
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
501 Winona Street — 16 amenities found within 500 m, across 4 categories, including 6 dining (nearest 392 m), 1 education (nearest 481 m), 4 parks (nearest 179 m).
Victoria West · WPS public data · 2026
Annual incidents
9
2026
vs. city avg
-69%
relative to avg
Year-over-year
▼ -90%
vs. prior year
Primary type
Property
56%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 48% | Bottom 48% | Bottom 20% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 501 Winona Street
Key Characteristics & Appeal
This home presents a compelling mix of character and value within Winnipeg's Victoria West neighborhood. Its key appeal lies in its efficient use of space and its position in a well-established area. At 1,277 sqft, the living area is notably spacious for both its immediate street and the Victoria West neighborhood, ranking in the top 17% and 9% respectively. This suggests a home that feels larger than many in the local area without the footprint of a newer suburban property.
Built in 1912, it is one of the older homes on the block, which typically appeals to buyers seeking classic architecture and mature streetscapes, though it implies a greater need for attention to maintenance and updates. The assessed value is significantly below averages at the street, neighborhood, and citywide levels, indicating a potentially attractive entry point into the market. This value proposition is paired with a 3,660 sqft lot that is standard for the local area but smaller than the Winnipeg average, offering manageable outdoor space.
This property would best suit a pragmatic buyer who values space and location over newness. It’s ideal for someone comfortable with a century-old home’s quirks and potential projects, seeing them as an opportunity to add value. It also appeals to those looking for a cost-effective way to live in a central neighborhood, where the home’s interior space outperforms its surroundings, offering more room for the price.
Frequently Asked Questions
1. Is the below-average assessed value a red flag?
Not necessarily. It primarily reflects the city’s assessment formula, which heavily considers the home’s age and the modest lot size by city standards. It can represent a lower property tax burden and a chance to build equity through updates.
2. What does the older construction year (1912) mean for me?
It offers classic charm but warrants a thorough inspection. You can expect character details but should budget for potential updates to older systems like wiring, plumbing, or insulation, which are common in homes of this era.
3. The living area ranks high locally, but the lot size is average. What’s the trade-off?
This indicates the home is likely well-utilized on its lot. You’re getting above-average interior space for the area, but with a standard-sized yard. It’s a layout that prioritizes living space over extensive outdoor grounds.
4. How does this home fit within its specific street?
On Winona Street, this home offers more living space than typical (ranking #11 out of 64) but at a lower assessed value than most neighbors. This could mean it’s an undervalued asset on a street of generally higher-valued homes.
5. Who might this property not suit?
It may not suit buyers seeking a modern, move-in-ready home with no projects, or those prioritizing a very large private yard. The age and value metrics suggest it’s a property for an engaged owner, not a passive one.
