482 Redwood Avenue

William Whyte, Winnipeg

Property score

59.1

Fair

Overall 59.1 · Larger than most nearby homes

1,778 sqft (top 7%) · Built in 1911 (16 yrs older than avg)

Located in a average-income area with median household income of ~56.8k

Transit 80.0 · 4-min walk to transit with 3 nearby routes · Within 500m: 1 school, 1 healthcare facility, 3 shops, and 3 parks nearby

Living Area

Above average

54% larger than neighborhood avg.

Year Built

Near average

16 yrs older than neighborhood avg.

Mother tongue

English · 76%Tagalog · 11%

Past 10 years William Whyte sales snapshot (~80% of all data)

Sold Count

703

Median price

117k

$/sqft

$87/sqft

Avg build year

1927

Need help understanding this property?

Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.

Usually replies in a few minutes

Property score

59.1 is composed by the two sections below.

Property Score

66.7Good
Living Area1,778 sqft86Excellent
Year Built191116Low
Lot Size4,909 sqft60Fair
Neighbourhood Sales Activity59Fair

Community Score

47.6Low
Household Income60Fair
Education Level34Low
Housing Stress42Low
Core Housing Need38Low
Employment Health28Low

Neighbourhood Sales

William Whyte

How to read: Share of sales in each ~$50k price band for “william whyte” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110060

Community deep dive

$57K

Median household income

$61K

Average household income

26%

Low income (LIM-AT)

0.3

Income inequality (Gini)

3.2

P90 / P10 ratio

21%

Single-person households

21%

Families with children

Population, labour & age

Population (2021)652
Labour force participation rate48%
Median age30.4
Avg household size2.8
Unemployment rate20%
Population density8150 / km²

Households & income

Low income (LIM-AT, % pop.)26%
Single-person households21%
Couple families with children21%
Median household income (2020)$57K

Housing

Renter households64%
Condominium dwellings0%
Median dwelling value (owners)$200K

Diversity, education & language

Immigrants (share of pop.)23%
Visible minority28%
Bachelor's or higher (25–64)15%
Mother tongue (1st)English · 75%
Mother tongue (2nd)Tagalog · 11%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

Elite
1,778 sqft
0255075100
Same streetTop 3%Same areaTop 7%CitywideTop 18%
Same street · Redwood Avenue
#16 / 518
Top 3% · Avg 1,005 sqft
Same area · William Whyte
#125 / 1,707
Top 7% · Avg 1,158 sqft
Citywide · Winnipeg
#35,019 / 194,458
Top 18% · Avg 1,342 sqft

Tax-Assessed Value

around average
150k
0255075100
Same streetBottom 47%Same areaTop 41%CitywideBottom 3%
Same street · Redwood Avenue
#275 / 518
Bottom 47% · Avg 174k
Same area · William Whyte
#697 / 1,707
Top 41% · Avg 149.1k
Citywide · Winnipeg
#188,492 / 194,458
Bottom 3% · Avg 390.1k

Year Built

around average
1911
0255075100
Same streetBottom 34%Same areaTop 45%CitywideBottom 7%

Lot Size

Elite
4,909 sqft
0255075100
Same streetTop 7%Same areaTop 3%CitywideBottom 42%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

482 Redwood Avenue — 17 amenities found within 500 m, across 8 categories, including 1 education (nearest 368 m), 1 healthcare (nearest 182 m), 3 shopping (nearest 162 m).

Search radius
🏫Education1
🏥Healthcare1
🛒Shopping3
🌳Parks3
🏦Finance1
Fuel Stations1
Worship6
🏛️Government1

Crime & Safety

William Whyte · WPS public data · 2026

Annual incidents

160

2026

vs. city avg

+442%

relative to avg

Year-over-year

-92%

vs. prior year

Primary type

Property

50%

Sales History

Sold 3/2021CA$150k–200k
Sold price

Same street

Bottom 47%

Same area

Top 42%

City-wide

Bottom 4%

Related homes

Highlights & common questions: 482 Redwood Avenue, Winnipeg

482 Redwood Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a 1911 home with 1,778 square feet of living space and a land area of 4,909 square feet. The property stands out most for its generous lot and interior size, especially relative to the immediate neighbourhood and street. On Redwood Avenue, it ranks in the top 3% for living area and top 7% for land area. Within the William Whyte neighbourhood, the lot size is particularly notable—ranked in the top 3%. Citywide, the living area remains above average, though the assessed value of $150,000 is well below the city median of $390,100.

The appeal lies in space per dollar. Buyers get a home that is significantly larger than most others on the same street and in the surrounding area, on a lot that is nearly 50% bigger than the neighbourhood average—all at an assessed value that sits roughly in line with local averages. The age of the home (1911) is typical for the area, though it is older than most citywide, meaning buyers should expect character features but also the maintenance needs of a century-old structure. This property would suit buyers who prioritize square footage and outdoor space over a turnkey modern finish, and who are comfortable working within an older home’s bones. It may be a strong fit for someone who wants to build equity through updates, as the low assessed value relative to the size suggests potential room for value growth.


Five Frequently Asked Questions

1. Is the assessed value of $150,000 accurate for a home this large?
Yes, the city assessment reflects comparable sales in the area. The home’s size and lot are well above average for the neighbourhood, but assessed values in William Whyte remain modest citywide. The discrepancy between size and value is part of what makes the property interesting—it’s not a mistake, but an opportunity to consider.

2. What should I expect from a home built in 1911?
Older homes often have solid framing, high ceilings, and original details, but they can also come with outdated electrical, plumbing, and insulation. Expect potential issues like settling, lead paint (if not remediated), and a lack of modern vapour barriers. A thorough inspection is strongly recommended, especially focusing on the foundation, roof, and mechanicals.

3. How does the lot compare to others in the area?
The land area of 4,909 sqft is well above both the street average (3,449 sqft) and the neighbourhood average (3,277 sqft). It ranks in the top 3% for the neighbourhood. This is a genuinely large yard for the area, which may offer room for gardens, a garage, or future expansion.

4. Why is the citywide rank for living area only top 18% if the home is nearly double the neighbourhood average?
Citywide comparisons include newer, larger homes in outlying suburbs and higher-density areas. The property is large for its immediate context but not exceptionally large when measured against the whole city. That context matters: you’re getting a lot of space for the neighbourhood, not necessarily for Winnipeg overall.

5. Is this a good investment property?
The low assessed value relative to square footage could appeal to investors looking for a value-add opportunity. However, the older age and below-average citywide valuation mean the upside depends on renovation quality and neighbourhood appreciation. It’s not a guaranteed flip, but the numbers give room for creative financing or sweat equity.

Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.