Property score
47.1
Below average
Overall 47.1 · Compared with neighbourhood average
1,296 sqft (top 43%) · Built in 1894 (32 yrs older than avg)
Located in a average-income area with median household income of ~52.8k
Transit 88.0 · 1-min walk to transit with 3 nearby routes · Within 500m: 5 dining spots, 3 schools, 1 healthcare facility, and 3 shops nearby
Living Area
Near average
4% smaller than neighborhood avg.
Year Built
Below average
32 yrs older than neighborhood avg.
Mother tongue
English · 56%Tagalog · 11%
Past 10 years Centennial sales snapshot (~80% of all data)
128
215k
$120/sqft
1926
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47.1 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: #46110070
$53K
Median household income
$60K
Average household income
41%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.8
P90 / P10 ratio
28%
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
253 Laura Street — 22 amenities found within 500 m, across 6 categories, including 5 dining (nearest 138 m), 3 education (nearest 316 m), 1 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 | Bottom 1% | Bottom 2% | Bottom 1% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Key Characteristics
253 Laura Street is a compact, one-and-three-quarter storey home built in 1894, situated in Winnipeg's Centennial neighbourhood. Its primary appeal lies in its potential as a land value proposition or a foundational project for a specific type of buyer.
The home itself is modest, with 1,296 sqft of living space that is actually above average for its immediate street. It features a basement that is noted as "not renovated." The lot, at 2,208 sqft, is significantly smaller than typical lots in Winnipeg, ranking in the bottom 1% city-wide. This is a defining characteristic. The property's assessed value is notably low at $70,000, reflecting its condition and lot size, and it last sold for just $6,900 in early 2022.
This property would best suit a very hands-on buyer or investor with a clear vision. It could be a fit for someone looking for an entry point into the Centennial area, willing to undertake a full renovation with the understanding that the small lot limits expansion possibilities. Alternatively, it may appeal to an investor viewing it primarily for its land value, considering its low price point and the potential for future redevelopment, subject to zoning.
A less obvious perspective is that its small lot and ultra-low price might represent a manageable property tax burden, which could be attractive for long-term holding. Additionally, its living space being above average for the street suggests the existing structure, while needing work, is relatively efficient for the location.
Frequently Asked Questions
1. Why is the assessed value so much higher than the recent sale price?
The 2022 sale price of $6,900 is exceptionally low and not reflective of typical market value. It may have been a non-arms-length transaction (e.g., between family members) or sold under unique circumstances. The current assessed value of $70,000, while low overall, is a more likely baseline for municipal valuation and potential market listing.
2. What does "land value proposition" really mean for this house?
Given the home's age, unrenovated state, and the very small lot size, a significant portion of the property's price is tied to the land itself rather than the building. Buyers are essentially purchasing a location in Centennial, with the existing structure possibly seen as a teardown or a candidate for a major gut renovation.
3. How limiting is the smaller lot size?
The lot is less than half the size of an average Winnipeg lot. This severely limits options for additions, exterior living spaces, or extensive landscaping. It also means neighbouring homes are in close proximity, offering less privacy. Any renovation plans would need to work creatively within this footprint.
4. Is the unrenovated basement a major concern?
Noted as "not renovated," the basement likely requires significant attention. Buyers should budget for potential issues common to homes of this age, such as moisture control, foundational repairs, and updating of electrical or plumbing systems that may run through the space.
5. What is the neighbourhood like?
Centennial is a central Winnipeg neighbourhood with a mix of historic homes and more recent infill. The property's immediate context on Laura Street shows a mix of similarly aged homes. As with any urban area, it's advisable to visit at different times to gauge street activity, neighbour upkeep, and overall atmosphere to see if it aligns with your expectations.
