497 Greenwood Place

Wolseley, Winnipeg

Property score

71.8

Good

Overall 71.8 · Larger and newer than most nearby homes

1,932 sqft (top 26%) · Built in 1913 (3 yrs older than avg)

Located in a above-average income area with median household income of ~68.5k

Transit 92.0 · 3-min walk to transit with 5 nearby routes · Within 500m: 9 dining spots, 3 schools, 3 healthcare facilitys, and 1 shop nearby

Living Area

Above average

19% larger than neighborhood avg.

Year Built

Above average

3 yrs older than neighborhood avg.

Mother tongue

English · 86%French · 2%

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

Sold Count

820

Median price

382.5k

$/sqft

$285/sqft

Avg build year

1916

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Property score

71.8 is composed by the two sections below.

Property Score

69.0Good
Living Area1,932 sqft92Excellent
Year Built191316Low
Lot Size4,082 sqft53Fair
Neighbourhood Sales Activity53Fair

Community Score

76.0Good
Household Income70Good
Education Level100Excellent
Housing Stress74Good
Core Housing Need76Good
Employment Health60Fair

Neighbourhood Sales

Wolseley

How to read: Share of sales in each ~$50k price band for “wolseley” (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: #46110108

Community deep dive

$69K

Median household income

$94K

Average household income

14%

Low income (LIM-AT)

0.3

Income inequality (Gini)

3.7

P90 / P10 ratio

44%

Single-person households

17%

Families with children

Population, labour & age

Population (2021)564
Labour force participation rate60%
Median age43.2
Avg household size2.0
Unemployment rate7%
Population density4700 / km²

Households & income

Low income (LIM-AT, % pop.)14%
Single-person households44%
Couple families with children17%
Median household income (2020)$69K

Housing

Renter households42%
Condominium dwellings5%
Median dwelling value (owners)$348K

Diversity, education & language

Immigrants (share of pop.)15%
Visible minority7%
Bachelor's or higher (25–64)63%
Mother tongue (1st)English · 85%
Mother tongue (2nd)French · 1%

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

Rankings

Living Area

above average
1,932 sqft
0255075100
Same streetTop 13%Same areaTop 26%CitywideTop 13%
Same street · Greenwood Place
#28 / 220
Top 13% · Avg 1,263 sqft
Same area · Wolseley
#607 / 2,349
Top 26% · Avg 1,622 sqft
Citywide · Winnipeg
#24,382 / 194,458
Top 13% · Avg 1,342 sqft

Tax-Assessed Value

Elite
577k
0255075100
Same streetTop 1%Same areaTop 6%CitywideTop 10%
Same street · Greenwood Place
#3 / 220
Top 1% · Avg 360.6k
Same area · Wolseley
#136 / 2,349
Top 6% · Avg 371.3k
Citywide · Winnipeg
#19,017 / 194,458
Top 10% · Avg 390.1k

Year Built

above average
1913
0255075100
Same streetBottom 25%Same areaTop 30%CitywideBottom 10%

Lot Size

above average
4,082 sqft
0255075100
Same streetBottom 27%Same areaTop 14%CitywideBottom 27%

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

497 Greenwood Place — 24 amenities found within 500 m, across 9 categories, including 9 dining (nearest 194 m), 3 education (nearest 358 m), 3 healthcare (nearest 318 m).

Search radius
🍽️Dining9
🏫Education3
🏥Healthcare3
🛒Shopping1
🌳Parks2
💪Sports1
🏦Finance2
Worship2
🏛️Government1

Crime & Safety

Wolseley · WPS public data · 2026

Annual incidents

34

2026

vs. city avg

+15%

relative to avg

Year-over-year

-95%

vs. prior year

Primary type

Property

68%

Sales History

Sold 9/2021CA$500k–550k
Sold price

Same street

Top 6%

Same area

Top 6%

City-wide

Top 13%
Sold 5/2020CA$300k–350k
Sold price

Same street

Bottom 48%

Same area

Bottom 44%

City-wide

Bottom 46%

Related homes

Highlights & common questions: 497 Greenwood Place, Winnipeg

497 Greenwood Place – Property Overview

Key Characteristics & Suitability

This is a 1913-built home with 1,932 sq ft of living space on a 4,082 sq ft lot in the Wolseley neighbourhood of Winnipeg. The property ranks in the top 13% city-wide for living area, and in the top 10% for assessed value. Its assessed value of $577,000 places it in the top 1% on its street and top 6% in the neighbourhood—well above area averages. However, the lot is smaller than the street and city averages, and the build date is older than most homes on the street. The appeal lies in the generous interior space and strong valuation relative to surrounding properties, which signals both quality and resale stability. This would suit buyers who prioritize room size and established neighbourhood character over a large yard or a newer build. It’s less ideal for those wanting a modern open-plan layout or significant outdoor space without renovation. The property fits someone looking for a substantial older home in a desirable central neighbourhood, likely with interest in period details and the walkability Wolseley offers.

Five Possible FAQs

1. How does the property’s age affect its condition or maintenance?
Built in 1913, the home is older than the average on Greenwood Place (1950) but newer than the average in Wolseley (1916). Age alone doesn’t determine condition, but buyers should expect maintenance typical of early-20th-century construction—potential for updated wiring, plumbing, insulation, and foundation work. A pre-purchase inspection is strongly recommended.

2. Is the assessed value of $577,000 a reliable indicator of market price?
Assessed value is used for property tax calculation, not market value. This home’s assessment is high relative to neighbourhood and city averages, which may reflect desirable features or recent improvements. However, market price depends on current demand, condition, and comparable sales. Consult a local real estate agent for a realistic listing estimate.

3. Why is the lot smaller than average, and does that matter?
The lot (4,082 sq ft) is below the street and city averages, but above the Wolseley neighbourhood average. In an established area like this, smaller lots are common and often reflect older subdivisions with denser housing. The trade-off is less yard maintenance for closer proximity to amenities. It’s a standard compromise for central neighbourhoods.

4. How does this property compare to others in Wolseley?
It outperforms in living space (top 26% in the neighbourhood) and assessed value (top 6%). Its lot is slightly larger than average for Wolseley, but its age is slightly older. Overall, it’s a strong contender in the area for size and value, though not the newest or most land-rich option.

5. What does the progress bar ranking mean exactly?
The progress bar shows how the property ranks within its street, neighbourhood, and city for key metrics (size, value, age, lot). A longer bar means it ranks higher than more comparable homes. For example, the living area bar at 13% city-wide means it’s larger than 87% of homes city-wide. The colour coding (red, blue, amber, grey) indicates performance tiers relative to the average.

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.