56.7
Fair
Property score
56.7
Fair
Overall 56.7
Newer than most nearby homes
1,260 sqft (top 32%)
Built in 1925 (2 yrs older than avg)
Located in a average-income area
with median household income of ~62.4k
Transit 74.0
2-min walk to transit with 2 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
9% larger than neighborhood avg.
Year Built
Above average
2 yrs older than neighborhood avg.
Mother tongue
English · 63%Tagalog · 18%
Past 10 years William Whyte sales snapshot (~80% of all data)
703
117k
$87/sqft
1927
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56.7 is composed by the two sections below.
Property Score
Community Score
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.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110059
$62K
Median household income
$69K
Average household income
22%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.2
P90 / P10 ratio
29%
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
556 Redwood Avenue — 17 amenities found within 500 m, across 7 categories, including 2 education (nearest 315 m), 1 healthcare (nearest 312 m), 4 shopping (nearest 60 m).
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%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 25% | Bottom 30% | Bottom 1% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 13% | Bottom 21% | Bottom 1% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
This is a 1,260 sqft single-family home built in 1925, on a 4,470 sqft lot in the William Whyte neighbourhood of Winnipeg.
Its standout feature is the lot size. On its street, it ranks in the top 19% for land area, and within the immediate neighbourhood, it sits in the top 6%. That’s noticeably more space than the local average of around 3,277 sqft. The house itself is above average for its street in terms of living area (top 16%), but closer to the middle of the pack city-wide. The assessed value is low—in the bottom 2% for all of Winnipeg—which keeps property taxes relatively modest.
The appeal here is pragmatic. You get a good-sized lot in a well-established inner-city area, with a house that offers decent interior space for its price point. The low assessment means lower ongoing tax burden, which matters for long-term affordability. The home is nearly 100 years old, so it will likely require ongoing maintenance and updates—this is not a move-in-ready modern flip. It suits a buyer who values land and location over finishes, and who is comfortable with an older home’s quirks and character. First-time buyers looking for a project, or investors focused on land value in a neighbourhood with room to grow, would find this worth a closer look.
1. How does the property tax compare to other homes in Winnipeg?
The assessed value is $128,000, which is well below the city-wide average of $390,000. This translates to relatively low annual property taxes. On its street and in the neighbourhood, it’s also below average, so you’re paying less than most nearby properties.
2. Is the house considered old compared to others in the area?
It was built in 1925. On its street, that’s about average (most homes are from around 1934). In the broader William Whyte neighbourhood, it’s actually slightly newer than the median (1927). City-wide, it’s older than most, but not unusual for this part of Winnipeg.
3. What’s the advantage of the larger lot size?
More outdoor space for gardening, a workshop, or potential future additions (subject to zoning). It also offers more privacy than smaller neighbouring lots. In a dense older neighbourhood, a larger lot can be a long-term asset if you ever consider redevelopment or expanding the home.
4. Does the low assessed value mean the property is in poor condition?
Not necessarily. The assessment reflects market value estimates, location, and recent sales data, not a physical inspection. An older home in a lower-priced neighbourhood will naturally carry a lower assessment. Condition should be evaluated by a home inspector and your own visit, not just the tax figures.
5. How does this property compare to others currently for sale nearby?
The lot size is a clear advantage over most listings in William Whyte. The living area is slightly above the street average but about average for the neighbourhood. The low assessment is unusual relative to the house size. For the most direct comparison, the listing agent should provide a CMA, and you can use the “open neighbourhood map analysis” link on the property page to overlay recent sales.
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.
