50.5
Fair
Property score
50.5
Fair
Overall 50.5
Older than most nearby homes
1,084 sqft (bottom 49%)
Built in 1905 (22 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
6% smaller than neighborhood avg.
Year Built
Below average
22 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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Property score
50.5 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: #46110059
Community deep dive
$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
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
below averageYear Built
below averageLot Size
above averageRank 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
560 Redwood Avenue — 17 amenities found within 500 m, across 7 categories, including 2 education (nearest 307 m), 1 healthcare (nearest 321 m), 4 shopping (nearest 70 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 | Bottom 6% | Bottom 12% | Bottom 1% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 2% | Bottom 6% | Bottom 1% |
560 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
Request exact sold prices and history by email
Related homes
Nearby interested homes
Address · Year Built · Living Area
Nearby properties
Address · Distance
Similar assessed value
Address · Tax-Assessed Value
Highlights & common questions: 560 Redwood Avenue, Winnipeg
560 Redwood Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a modest single-family home in Winnipeg’s William Whyte neighbourhood, built in 1905. At 1,084 square feet, the living area sits slightly above the average for its own street but below citywide norms. The standout feature is the land: a 4,469 sqft lot that ranks in the top 6% within the neighbourhood and top 19% on the street—well above local averages. The assessed value is low (approximately $98,000), ranking near the bottom across all three comparison levels.
The property’s appeal is rooted in its land-to-building ratio. A buyer gets a large, well-proportioned lot on a street where neighbouring homes tend to have smaller yards, which can be uncommon in older inner-city areas. The home itself is older, and both its condition and the assessed value suggest it may need work. That makes this a natural fit for someone looking for a renovation or redevelopment opportunity, particularly if the house can be updated or replaced while maximizing the land value. It could also suit a buyer who prioritizes outdoor space over interior size, in a centrally located neighbourhood close to downtown and services. It is less appropriate for anyone seeking a move-in-ready, low-maintenance home or top-tier citywide finishes.
Frequently Asked Questions
1. How does the low assessed value affect my taxes or mortgage?
A lower assessed value means property taxes should be modest relative to most Winnipeg homes. However, lenders typically base mortgages on the purchase price or appraised value, not the assessed value. If the home needs significant repairs, financing may be harder to secure—especially for conventional mortgages. It’s worth getting a pre-inspection and speaking with a lender early.
2. The lot is large for the area—are there any zoning or usage restrictions I should know about?
You’ll want to confirm current zoning with the City of Winnipeg. While a large lot often opens up options like adding a garage, a laneway suite, or subdividing, older neighbourhoods may have lot size minima, frontage requirements, or heritage overlay restrictions that limit what can be done. A title search and zoning check are recommended before making plans.
3. What are typical maintenance concerns for a home built in 1905?
Homes of this vintage often have knob-and-tube wiring, lead or galvanized plumbing, foundation settling, and insulation gaps. The age alone doesn’t disqualify the property, but you should budget for system upgrades. The ranking suggests it’s older than 90% of citywide homes, so structural and mechanical inspections are essential—not optional.
4. How does this property compare to others in William Whyte?
William Whyte is an older, centrally located neighbourhood with a mix of well-kept homes and fixer-uppers. This property’s living area is average for the area, but its lot size is in the top 6%, giving it a notable advantage for space and potential. Its assessed value sits in the bottom 20% locally, which reflects the building’s age and possibly its condition more than the land’s worth.
5. Is this more of a land play or a home purchase?
It leans toward a land purchase with a house attached. The low building value, large lot, and high land-area ranking relative to the neighbourhood suggest the property’s primary value is in the site itself. Buyers who plan to live in the home may need to invest substantially in upgrades; those looking to develop or hold for land appreciation may find better long-term value here than in the current structure.
Map & Street View
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