448 Elgin Avenue

Centennial, Winnipeg

Property score

47.8

Below average

Overall 47.8 · Larger than most nearby homes

1,504 sqft (top 29%) · Built in 1893 (33 yrs older than avg)

Located in a below-average income area with median household income of ~42k

Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 11 dining spots, 4 schools, 1 healthcare facility, and 6 shops nearby

Living Area

Above average

12% larger than neighborhood avg.

Year Built

Below average

33 yrs older than neighborhood avg.

Mother tongue

English · 37%Tagalog · 24%

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

47.8 is composed by the two sections below.

Property Score

56.2Fair
Living Area1,504 sqft79Good
Year Built18935Low
Lot Size3,283 sqft38Low
Neighbourhood Sales Activity42Low

Community Score

35.1Low
Household Income40Low
Education Level34Low
Housing Stress30Low
Core Housing Need25Low
Employment Health28Low

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: #46110073

Community deep dive

$42K

Median household income

$61K

Average household income

38%

Low income (LIM-AT)

0.3

Income inequality (Gini)

3.9

P90 / P10 ratio

42%

Single-person households

15%

Families with children

Population, labour & age

Population (2021)410
Labour force participation rate56%
Median age43.2
Avg household size2.6
Unemployment rate24%
Population density4555 / km²

Households & income

Low income (LIM-AT, % pop.)38%
Single-person households42%
Couple families with children15%
Median household income (2020)$42K

Housing

Renter households74%
Condominium dwellings0%
Median dwelling value (owners)$160K

Diversity, education & language

Immigrants (share of pop.)67%
Visible minority85%
Bachelor's or higher (25–64)17%
Mother tongue (1st)English · 36%
Mother tongue (2nd)Tagalog · 24%

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

Rankings

Living Area

above average
1,504 sqft
0255075100
Same streetTop 15%Same areaTop 29%CitywideTop 30%
Same street · Elgin Avenue
#62 / 402
Top 15% · Avg 1,113 sqft
Same area · Centennial
#109 / 375
Top 29% · Avg 1,348 sqft
Citywide · Winnipeg
#58,653 / 194,458
Top 30% · Avg 1,342 sqft

Tax-Assessed Value

below average
117k
0255075100
Same streetBottom 13%Same areaBottom 25%CitywideBottom 1%
Same street · Elgin Avenue
#349 / 402
Bottom 13% · Avg 189.6k
Same area · Centennial
#281 / 375
Bottom 25% · Avg 167.9k
Citywide · Winnipeg
#192,366 / 194,458
Bottom 1% · Avg 390.1k

Year Built

around average
1893
0255075100
Same streetBottom 12%Same areaBottom 31%CitywideBottom 1%

Lot Size

around average
3,283 sqft
0255075100
Same streetTop 44%Same areaTop 37%CitywideBottom 16%

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

448 Elgin Avenue — 34 amenities found within 500 m, across 7 categories, including 11 dining (nearest 163 m), 4 education (nearest 188 m), 1 healthcare (nearest 133 m).

Search radius
🍽️Dining11
🏫Education4
🏥Healthcare1
🛒Shopping6
🌳Parks8
Worship3
🏛️Government1

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 11/2023CA$100k–150k
Sold price

Same street

Bottom 19%

Same area

Bottom 39%

City-wide

Bottom 2%

Related homes

Highlights & common questions: 448 Elgin Avenue, Winnipeg

Property Overview & Appeal

This two-storey home on Elgin Avenue is a property of distinct contrasts. Its key characteristic is its generous 1,504 sqft living area, which is notably larger than many comparable homes on its street and in the wider Centennial neighbourhood. It sits on a standard city lot and features a detached garage. The home’s age, built in 1893, is a defining factor; it presents both historic charm and the expectation of maintenance or renovation needs, as the basement is noted as not being renovated.

The appeal lies in its value proposition: it offers significant interior space at a very accessible price point, as reflected in its below-average assessed and recent sale values. This makes it a practical canvas for buyers. It would best suit a hands-on buyer, such as a renovator looking for a character home with room to grow into, or an investor seeking a rental property with a lower initial entry cost in a central Winnipeg neighbourhood. A less obvious perspective is that its larger living area relative to peers could make renovation projects more efficient on a cost-per-square-foot basis, and its mature lot may offer established greenery not found in newer developments.


Frequently Asked Questions

1. What does the "below average" assessed value indicate?
It primarily reflects the home’s age, condition, and market valuation for tax purposes. It suggests the property is priced accessibly relative to the market, but buyers should budget for potential updates.

2. The home is noted as being 133 years old. What should I prioritize in an inspection?
Given the age, a thorough inspection is essential. Key focuses should be the foundation, roof, electrical wiring, plumbing, and the structural integrity of the basement, which is noted as unrenovated.

3. How significant is the living area being "above average"?
It’s a major advantage. With 1,504 sqft, the home offers roughly 35% more living space than the average comparable home on Elgin Avenue, providing more room for families or flexible use without the footprint of a larger lot.

4. What is the context of the sale price compared to the neighbourhood?
The recent sale price of $130k is around average for the Centennial neighbourhood but below average for Elgin Avenue specifically. This positions the property as a more affordable option on this particular street.

5. Are the low property taxes a permanent advantage?
While the current assessed value results in lower taxes, be aware that any significant renovation or improvement to the property will likely trigger a municipal reassessment, which could increase the tax burden in the future.

Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.