54.7
Fair
Property score
54.7
Fair
Overall 54.7
Newer than most nearby homes
1,080 sqft (bottom 49%)
Built in 2003 (76 yrs newer 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: 2 schools, 1 healthcare facility, 4 shops, and 3 parks nearby

Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
7% smaller than neighborhood avg.
Year Built
Above average
76 yrs newer than neighborhood avg.
Mother tongue
English · 76%Tagalog · 11%
Past 10 years William Whyte sales snapshot (~80% of all data)
703
117k
$87/sqft
1927
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Property score
54.7 is composed by the two sections below.
Property Score
Community Score
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.
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.
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
Households & income
Housing
Diversity, education & language
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rankings
Tax-Assessed Value
above averageYear Built
above averageLot Size
EliteRank 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.
Transit & Walkability
Nearby stops, routes & transit score
Nearby Amenities
Dining, education, healthcare, shopping & more
500 Redwood Avenue — 19 amenities found within 500 m, across 8 categories, including 2 education (nearest 363 m), 1 healthcare (nearest 193 m), 4 shopping (nearest 123 m).
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
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 26% | Top 14% | Bottom 12% |
500 Redwood Avenue · Sold transaction data notes
Data Source
Data Coverage
Data Precision
Is Current Data Suitable for You
How to Get More Accurate Data
Privacy & Commitment
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Related homes
Nearby interested homes
Address · Year Built · Living Area
Nearby properties
Address · Distance
Similar assessed value
Address · Tax-Assessed Value
Highlights & common questions: 500 Redwood Avenue, Winnipeg
500 Redwood Avenue – Property Summary
Key Characteristics & Buyer Profile
This home stands out for its relatively recent construction (2003) in a neighborhood where the average home was built in 1927. On its own street, it ranks in the top 13% for age—meaning most nearby houses are nearly 70 years older. The land area is also a strong point: at 4,493 square feet, it ranks in the top 5% within the William Whyte neighborhood and top 17% on the street. This is not a sprawling suburban lot, but it's generous for the area and offers more outdoor space than most comparable homes nearby.
The living area is 1,080 square feet, which is slightly above the street average but below the citywide average. It's a modest, functional footprint—reasonable for a small family, a couple, or someone looking for a manageable home with less upkeep.
The assessed value is $204,000, which is above average for the street and neighborhood (top 16% locally) but well below the citywide average of $390,100. This reflects a home that is valued more highly than its immediate surroundings, yet remains relatively affordable compared to the broader Winnipeg market. The combination of a newer build and a larger lot in an older, more affordable neighborhood creates a kind of "best of both worlds" dynamic—but buyers should be aware that the neighborhood itself (William Whyte) is not a high-value area citywide.
Who it suits: Buyers who want a newer home without the price tag of a new subdivision, and who value outdoor space. It could also appeal to someone looking for a property with good bones in a transitioning or under-appreciated neighborhood, where long-term appreciation may come from the land and structure rather than the immediate surroundings. Not ideal for someone seeking a trendy, walkable urban area or a turnkey luxury home.
Frequently Asked Questions
1. Is this property in a flood zone or area with known drainage issues?
No specific flood zone information is provided in this data set. However, the large lot and above-average land area suggest good outdoor drainage potential. Buyers should check the property's specific flood risk with their municipality or insurer, especially given the age of the neighborhood's infrastructure.
2. How does the assessed value compare to recent sale prices in the area?
This property is assessed at $204,000, which is above the neighborhood average of $149,100 but below the citywide average. For a more accurate picture, you would need to look at recent sold comparables—assessed value is a snapshot, not a market price. The fact that it ranks in the top 16% locally suggests it is priced higher than most homes in William Whyte, which could be justified by the newer construction and lot size.
3. What is the condition of the home given it was built in 2003?
At about 21 years old, a 2003 home is typically past the initial "new home" stage but still relatively modern. Systems like the roof, HVAC, and windows may be approaching the end of their first lifecycle depending on maintenance. A home inspection is recommended to check for deferred maintenance, especially in an older neighborhood where construction standards and local soil conditions may affect foundations.
4. Is the William Whyte neighborhood considered safe or up-and-coming?
This data set does not include crime or demographic trends. William Whyte is an older, inner-city neighborhood with a mix of housing stock. Its rank in the bottom 9% of assessed value citywide indicates it is not a high-demand area at present. Some buyers see potential in such areas due to affordability and proximity to the core, but it's important to research recent development plans, school ratings, and local safety statistics independently.
5. How does the lot size affect zoning or future development potential?
The 4,493-square-foot lot is larger than 95% of properties in the neighborhood. This could allow for future additions, a garage, or even a secondary suite (subject to local zoning bylaws). Buyers interested in expansion or investment should contact the City of Winnipeg's planning department to understand R1 or R2 zoning restrictions, setbacks, and any heritage overlay that may apply.
Map & Street View
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