Property score
65.2
Good
Overall 65.2 · Larger and newer than most nearby homes
1,960 sqft (top 9%) · Built in 2023 (97 yrs newer than avg)
Located in a below-average income area with median household income of ~39.2k
Transit 86.0 · 3-min walk to transit with 4 nearby routes · Within 500m: 9 dining spots, 4 schools, 4 healthcare facilitys, and 3 shops nearby
Living Area
Above average
45% larger than neighborhood avg.
Year Built
Above average
97 yrs newer than neighborhood avg.
Mother tongue
English · 60%Tagalog · 9%
Past 10 years Centennial sales snapshot (~80% of all data)
128
215k
$120/sqft
1926
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65.2 is composed by the two sections below.
Property Score
Community Score
Centennial
How to read: Share of sales in each ~$50k price band for “centennial” (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: #46110176
$39K
Median household income
$60K
Average household income
38%
Low income (LIM-AT)
0.3
Income inequality (Gini)
4.1
P90 / P10 ratio
48%
Single-person households
17%
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
1-617 Elgin Avenue — 28 amenities found within 500 m, across 7 categories, including 9 dining (nearest 153 m), 4 education (nearest 238 m), 4 healthcare (nearest 414 m).
Centennial · WPS public data · 2026
Annual incidents
67
2026
vs. city avg
+127%
relative to avg
Year-over-year
▼ -94%
vs. prior year
Primary type
Property
51%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 1% | Top 1% | Top 6% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This two-storey home at 617 Elgin Avenue in Winnipeg's Centennial neighbourhood presents a distinct profile. Its key appeal lies in the combination of a very modern build (2023) with a modest lot size and a surprisingly low municipal assessed value. The home itself is notably spacious for the area, with 1,960 sqft of living space, ranking well above local averages. It features a renovated basement but does not include a garage or pool. The lot of 3,060 sqft is typical for the street but smaller than the Winnipeg average. This property would suit a buyer looking for modern construction and ample interior space without a large yard to maintain. It may also attract investors or value-conscious purchasers due to the significant discrepancy between its recent sale price and its low assessed value, though this requires careful consideration of property tax implications and market valuation.
Key Details & FAQs
Key Characteristics & Appeal
This is a contemporary home (built 2023) on a standard city lot. Its primary advantage is its modern build quality and significantly larger-than-average living area for both the street and neighbourhood. The renovated basement adds functional space. The appeal is nuanced: it offers the benefits of a new home—likely with updated systems, insulation, and minimal immediate repairs—in an established area. However, its assessed value is remarkably low compared to similar homes, which is a critical point for investigation. This property would best suit a buyer who prioritizes modern interiors and space over a large yard or garage. It could also be a strategic purchase for someone comfortable navigating the specifics of property assessment versus market value.
Frequently Asked Questions
1. Why is the assessed value so much lower than the recent sale price?
Municipal assessments in Winnipeg are based on a mass appraisal system and may not always reflect current market sales, especially for unique or very recently built properties. A sale price represents what a specific buyer paid at a specific time, while an assessment is an estimate of value for taxation purposes. This gap warrants review of the assessment details and potential future tax adjustments.
2. What does having a "renovated basement" typically include?
While specifics require a viewing or disclosure from the seller, a renovated basement in a 2023 home generally means the lower level is finished as livable space. It likely includes proper insulation, drywall, flooring, and electrical work, potentially creating additional bedrooms, a family room, or a recreational area.
3. What are the practical implications of not having a garage?
This means all vehicle parking will be on-street or possibly in a driveway if one exists (check specific listing). For Winnipeg winters, this involves factoring in time for snow clearing and vehicle warming. It also reduces enclosed storage space, which may be partially offset by the renovated basement.
4. How does the lot size compare, and what does that mean for upkeep?
At 3,060 sqft, the lot is average for Elgin Avenue and Centennial but below the citywide average. This translates to a manageable yard for maintenance, which can be a benefit for those seeking a lower-maintenance exterior, but offers less private outdoor space than many suburban lots.
5. The home is new, but the neighbourhood is established. What should I consider?
You benefit from modern construction while being close to mature amenities, trees, and established community character. However, it's wise to research the specific street's mix of housing, any future development plans in the area, and how the new home's style and value fit within the context of older neighbouring properties.
