407 Pacific Avenue

Centennial, Winnipeg

Property score

59.0

Fair

Overall 59.0 · Larger than most nearby homes

1,928 sqft (top 10%) · Built in 1894 (32 yrs older than avg)

Located in a average-income area with median household income of ~52.8k

Transit 86.0 · 3-min walk to transit with 4 nearby routes · Within 500m: 9 dining spots, 3 schools, 1 healthcare facility, and 3 shops nearby

Living Area

Above average

43% larger 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)

Sold Count

128

Median price

215k

$/sqft

$120/sqft

Avg build year

1926

Need help understanding this property?

Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.

Usually replies in a few minutes

Property score

59.0 is composed by the two sections below.

Property Score

65.2Good
Living Area92
1,928 sqftExcellent
Year Built5
1894Low
Lot Size46
3,644 sqftLow
Neighbourhood Sales Activity42
Low

Community Score

49.7Low
Household Income58
Fair
Education Level44
Low
Housing Stress52
Fair
Core Housing Need25
Low
Employment Health42
Low

Neighbourhood Sales

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.

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: #46110070

Community deep dive

$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

Population, labour & age

Population (2021)581
Labour force participation rate44%
Median age29.6
Avg household size3.0
Unemployment rate7%
Population density2905 / km²

Households & income

Low income (LIM-AT, % pop.)41%
Single-person households28%
Couple families with children21%
Median household income (2020)$53K

Housing

Renter households71%
Condominium dwellings5%
Median dwelling value (owners)$200K

Diversity, education & language

Immigrants (share of pop.)36%
Visible minority50%
Bachelor's or higher (25–64)21%
Mother tongue (1st)English · 56%
Mother tongue (2nd)Tagalog · 11%

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

Rankings

Living Area

Elite
1,928 sqft
0255075100
Same streetTop 1%Same areaTop 10%CitywideTop 13%
Same street · Pacific Avenue
#4 / 323
Top 1% · Avg 986 sqft
Same area · Centennial
#37 / 375
Top 10% · Avg 1,348 sqft
Citywide · Winnipeg
#24,582 / 194,458
Top 13% · Avg 1,342 sqft

Tax-Assessed Value

around average
154k
0255075100
Same streetBottom 33%Same areaBottom 49%CitywideBottom 3%
Same street · Pacific Avenue
#215 / 323
Bottom 33% · Avg 186.2k
Same area · Centennial
#191 / 375
Bottom 49% · Avg 167.9k
Citywide · Winnipeg
#187,873 / 194,458
Bottom 3% · Avg 390.1k

Year Built

around average
1894
0255075100
Same streetBottom 6%Same areaBottom 35%CitywideBottom 1%

Lot Size

above average
3,644 sqft
0255075100
Same streetTop 21%Same areaTop 26%CitywideBottom 21%

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

407 Pacific Avenue — 27 amenities found within 500 m, across 6 categories, including 9 dining (nearest 152 m), 3 education (nearest 334 m), 1 healthcare (nearest 386 m).

Search radius
🍽️Dining9
🏫Education3
🏥Healthcare1
🛒Shopping3
🌳Parks8
Worship3

Crime & Safety

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%

Sales History

Sold 4/2019CA$150k–200k
Sold price

Same street

Bottom 40%

Same area

Top 42%

City-wide

Bottom 6%

Related homes

Highlights & common questions: 407 Pacific Avenue, Winnipeg

Property Overview

This one-and-three-quarter storey home, built in 1894, presents a unique opportunity in Winnipeg's Centennial neighbourhood. Its primary appeal lies in its generous 1,928 sqft of living space, which ranks in the top 1% for size among similar homes on its street and the top 10% in the broader neighbourhood. The property sits on a 3,644 sqft lot, offering above-average outdoor space for the area. While the home retains its original character—evident in its unrenovated basement and age—its assessed value is notably modest compared to city-wide averages. This creates a specific value proposition: significant interior space and a large lot at a very accessible price point, albeit in a home that requires modernization.

It would best suit a hands-on buyer looking for a project—perhaps a renovator, an investor seeking a value-add opportunity, or a family needing ample room who is willing to trade modern finishes for square footage and potential. Its low assessed value also makes it a candidate for those with a tight budget but a desire for a character home in an established area. A less obvious perspective is that its standout living area and land size, relative to its immediate peers, suggest a property that was once a substantial home for its street, offering a chance to restore a piece of the neighbourhood's architectural history.

Frequently Asked Questions

1. What does "one-and-three-quarter storey" mean?
This is a common architectural style for older Winnipeg homes. It typically means the second floor has full-height ceilings at the front, but the ceilings slope with the roofline at the back, creating some rooms with cozier, angled ceilings. It maximizes space efficiently.

2. The assessed value seems very low. Why is that?
The assessed value is for municipal tax purposes and is influenced heavily by recent sale prices of comparable properties and the home's condition. This figure suggests the home is valued primarily for its land and structure in its current, unrenovated state, not for modern amenities or finishes.

3. Is the unrenovated basement a major concern?
It depends on your plans. It indicates the home's systems and foundational spaces are likely original. A professional inspection is essential to understand the condition of the foundation, plumbing, and electrical systems. It represents both a potential cost and a blank canvas for a future renovation.

4. How does the lot size compare?
At 3,644 sqft, the lot is larger than most in the Centennial neighbourhood (top 26%), offering more private outdoor space than many nearby properties. This is a key asset for gardening, play, or future additions like a deck or garage.

5. The home is very old. What should I consider?
Its 1894 construction means it has character but may also have outdated wiring, plumbing, and insulation. While it has stood for over a century, any renovation or update should be planned with an understanding of older building materials and methods. Energy efficiency upgrades are likely a priority for modern comfort.