500 Redwood Avenue

William Whyte, Winnipeg

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

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)

Sold Count

703

Median price

117k

$/sqft

$87/sqft

Avg build year

1927

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Property score

54.7 is composed by the two sections below.

Property Score

59.5Fair
Living Area1,080 sqft52Fair
Year Built200387Excellent
Lot Size4,493 sqft53Fair
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

around average
1,080 sqft
0255075100
Same streetTop 35%Same areaBottom 49%CitywideBottom 37%
Same street · Redwood Avenue
#181 / 518
Top 35% · Avg 1,005 sqft
Same area · William Whyte
#877 / 1,707
Bottom 49% · Avg 1,158 sqft
Citywide · Winnipeg
#121,563 / 194,458
Bottom 37% · Avg 1,342 sqft

Tax-Assessed Value

above average
204k
0255075100
Same streetTop 27%Same areaTop 16%CitywideBottom 9%
Same street · Redwood Avenue
#138 / 518
Top 27% · Avg 174k
Same area · William Whyte
#266 / 1,707
Top 16% · Avg 149.1k
Citywide · Winnipeg
#177,383 / 194,458
Bottom 9% · Avg 390.1k

Year Built

above average
2003
0255075100
Same streetTop 13%Same areaTop 10%CitywideTop 16%

Lot Size

Elite
4,493 sqft
0255075100
Same streetTop 17%Same areaTop 5%CitywideBottom 34%

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).

Search radius
🏫Education2
🏥Healthcare1
🛒Shopping4
🌳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 6/2024CA$200k–250k
Sold price

Same street

Top 26%

Same area

Top 14%

City-wide

Bottom 12%

Related homes

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.

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