506 Newman Street

Wolseley, Winnipeg

Property score

69.1

Good

Overall 69.1 · Older than most nearby homes

1,580 sqft (top 50%) · Built in 1909 (7 yrs older than avg)

Located in a high-income area with median household income of ~100k

Transit 92.0 · 4-min walk to transit with 6 nearby routes · Within 500m: 8 dining spots, 3 schools, 1 shop, and 1 park nearby

Living Area

Near average

3% smaller than neighborhood avg.

Year Built

Below average

7 yrs older than neighborhood avg.

Mother tongue

English · 88%French · 4%

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

69.1 is composed by the two sections below.

Property Score

57.8Fair
Living Area79
1,580 sqftGood
Year Built10
1909Low
Lot Size38
3,098 sqftLow
Neighbourhood Sales Activity53
Fair

Community Score

86.1Excellent
Household Income85
Excellent
Education Level91
Excellent
Housing Stress83
Excellent
Core Housing Need88
Excellent
Employment Health83
Excellent

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: #46110109

Community deep dive

$100K

Median household income

$122K

Average household income

8%

Low income (LIM-AT)

0.2

Income inequality (Gini)

3.2

P90 / P10 ratio

18%

Single-person households

35%

Families with children

Population, labour & age

Population (2021)603
Labour force participation rate75%
Median age40.0
Avg household size2.5
Unemployment rate6%
Population density4638 / km²

Households & income

Low income (LIM-AT, % pop.)8%
Single-person households18%
Couple families with children35%
Median household income (2020)$100K

Housing

Renter households14%
Condominium dwellings0%
Median dwelling value (owners)$324K

Diversity, education & language

Immigrants (share of pop.)11%
Visible minority11%
Bachelor's or higher (25–64)55%
Mother tongue (1st)English · 88%
Mother tongue (2nd)French · 4%

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

Rankings

Living Area

Elite
1,580 sqft
0255075100
Same streetTop 5%Same areaTop 50%CitywideTop 26%
Same street · Newman Street
#9 / 168
Top 5% · Avg 1,079 sqft
Same area · Wolseley
#1,167 / 2,349
Top 50% · Avg 1,622 sqft
Citywide · Winnipeg
#51,168 / 194,458
Top 26% · Avg 1,342 sqft

Tax-Assessed Value

Elite
440k
0255075100
Same streetTop 5%Same areaTop 20%CitywideTop 30%
Same street · Newman Street
#8 / 168
Top 5% · Avg 319.3k
Same area · Wolseley
#460 / 2,349
Top 20% · Avg 371.3k
Citywide · Winnipeg
#58,537 / 194,458
Top 30% · Avg 390.1k

Year Built

below average
1909
0255075100
Same streetBottom 4%Same areaBottom 21%CitywideBottom 5%

Lot Size

around average
3,098 sqft
0255075100
Same streetBottom 27%Same areaTop 47%CitywideBottom 14%

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

506 Newman Street — 20 amenities found within 500 m, across 8 categories, including 8 dining (nearest 230 m), 3 education (nearest 150 m), 1 shopping (nearest 161 m).

Search radius
🍽️Dining8
🏫Education3
🛒Shopping1
🌳Parks1
🏦Finance2
Fuel Stations1
Worship3
🏛️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 12/2019CA$350k–400k
Sold price

Same street

Top 2%

Same area

Top 27%

City-wide

Top 34%
Sold 2/2019CA$200k–250k
Sold price

Same street

Bottom 9%

Same area

Bottom 6%

City-wide

Bottom 18%

Related homes

Highlights & common questions: 506 Newman Street, Winnipeg

506 Newman Street, Wolseley

Key Characteristics & Suitability

This 1909 home on Newman Street offers a solid living area of 1,580 square feet, which is well above the street average and places it in the top 5% of homes on that block. Its assessed value of $440,000 also ranks in the top 5% on the street, reflecting the property’s above-average size and finish relative to its direct neighbours. However, the lot is relatively compact at 3,098 square feet, and the home itself is older than most others on the street and throughout the city.

The property’s appeal lies in its combination of generous interior space and a desirable, established street within the Wolseley neighbourhood. Wolseley is known for its tree-lined streets, older character homes, and walkable access to shops, parks, and the river. While the lot is smaller than typical for the area, the home’s interior square footage is a clear standout—especially compared to other century-old homes in the same price bracket.

This property would suit a buyer who prioritises interior living space and a prime street over a large yard. It is a strong fit for someone who values the character and convenience of an older, central neighbourhood and is comfortable with the maintenance that comes with a home built in 1909. It may be less ideal for buyers seeking a newer build or a large private lot.


Frequently Asked Questions

  1. How does the home’s age compare to others in the area?
    Built in 1909, it is older than roughly 96% of homes on Newman Street and 95% of homes citywide. The median build year on the street is 1947, and in the neighbourhood it is 1916, so this property is among the older ones in the immediate area.

  2. Is the assessed value aligned with the home’s condition?
    The assessed value of $440,000 is based on market conditions and property characteristics as of the assessment date. Rankings place it in the top 5% on the street and top 20% in the neighbourhood, which typically reflects above-average size, condition, or location—but an inspection is the best way to confirm physical condition.

  3. Why is the lot size considered below average?
    At 3,098 square feet, the lot is smaller than about 73% of lots on Newman Street and 86% citywide. This is common for older, infill-style homes in central neighbourhoods, where lots were often subdivided earlier or built on narrower plots.

  4. What does the neighbourhood analysis map show?
    The map allows you to see this property’s lot, living area, assessed value, and year built alongside nearby homes. It provides context for the rankings—showing, for example, how the living area compares to similar homes a few doors away, and whether the value aligns with the street’s overall pattern.

  5. Is this property suitable for a family?
    With 1,580 square feet of living space, it offers enough room for a small to medium-sized family. The smaller lot means limited outdoor space, so it works best for families who prioritise indoor space and neighbourhood amenities over a large yard. Proximity to schools and parks in Wolseley is a plus.