Property score
54.9
Fair
Overall 54.9 · Larger but older than most nearby homes
1,794 sqft (top 15%) · Built in 1882 (44 yrs older than avg)
Located in a average-income area with median household income of ~46.8k
Transit 100.0 · 2-min walk to transit with 5 nearby routes · Within 500m: 26 dining spots, 2 schools, 1 healthcare facility, and 3 shops nearby
Living Area
Above average
33% larger than neighborhood avg.
Year Built
Below average
44 yrs older than neighborhood avg.
Mother tongue
English · 57%Chinese · 2%
Past 10 years Centennial sales snapshot (~80% of all data)
128
215k
$120/sqft
1926
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54.9 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: #46110071
$47K
Median household income
$61K
Average household income
40%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.8
P90 / P10 ratio
45%
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
389 Elgin Avenue — 42 amenities found within 500 m, across 8 categories, including 26 dining (nearest 182 m), 2 education (nearest 171 m), 1 healthcare (nearest 374 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 27% | Top 20% | Bottom 14% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 43% | Top 43% | Bottom 6% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 19% | Bottom 39% | Bottom 2% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Property Overview: 389 Elgin Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1882, presents a unique proposition centered on its generous living space and lot potential. Its key characteristic is a significant living area of 1,794 sq ft, which is well above average for both the immediate street and the broader Centennial neighbourhood. This makes the interior space a standout feature for the price point.
The appeal lies primarily in opportunity. The home sits on a nearly 3,000 sq ft lot in an established area, offering a canvas for renovation or redevelopment. The very low assessed value and recent sale price reflect its current condition—it has an unrenovated basement and no garage—but this positions it for buyers looking for a footprint and location rather than a turn-key property. It would suit investors, builders, or hands-on buyers with a vision for creating value through a significant renovation or new construction. A less obvious perspective is its historical context; as one of the older homes on the street, it offers a tangible connection to the area's heritage, which could be a draw for a specific buyer looking to restore a character home, albeit with an understanding of the associated challenges.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than recent sale prices?
The assessed value is for taxation purposes and often lags behind market trends, especially in transitioning areas or for properties with major renovation potential. The sale price reflects what buyers are currently willing to pay for the land and opportunity.
2. What does the sale history indicate about this property?
The sale history shows significant price volatility (from $130k in 2019 to $16.9k in 2023, then $21.5k in 2025). This is not typical for a standard home and strongly suggests the sales are based on the land's value and development potential, not the existing structure.
3. Is the large living area in move-in condition?
The listing notes the basement is unrenovated. Given the age of the home (1882) and the focus on land value in sales data, the entire house likely requires substantial modernization, even if the main living space is functionally large.
4. Who would be the typical buyer for this home?
The most likely buyers are investors or developers looking at the lot size and location for a future project, or very budget-conscious buyers prepared for a full-scale renovation. It is less suited for someone seeking a ready-to-move-in home.
5. How does the lot size compare to others?
At 2,953 sq ft, the lot is around average for Centennial and on Elgin Avenue itself, but it is below the city-wide average. Its value is in its combination of a standard lot size with a very large existing house footprint in an established inner-city neighbourhood.
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