Property score
53.4
Fair
Overall 53.4 · Larger but older than most nearby homes
1,646 sqft (top 22%) · Built in 1882 (44 yrs older than avg)
Located in a below-average income area with median household income of ~42k
Transit 80.0 · 2-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
22% larger than neighborhood avg.
Year Built
Below average
44 yrs older than neighborhood avg.
Mother tongue
English · 37%Tagalog · 24%
Past 10 years Centennial sales snapshot (~80% of all data)
128
215k
$120/sqft
1926
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53.4 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: #46110073
$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
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
454 Elgin Avenue — 34 amenities found within 500 m, across 7 categories, including 11 dining (nearest 155 m), 4 education (nearest 195 m), 1 healthcare (nearest 123 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 3% | Bottom 1% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This property at 454 Elgin Avenue presents a unique proposition in Winnipeg's Centennial neighbourhood. Its primary appeal lies in the significant value placed on the land itself. The lot is exceptionally large at 6,566 sq ft, ranking in the top 4% on its street and well above average for the city. This is contrasted by a home built in 1882, which offers generous living space but is clearly valued for its land, as evidenced by its very low assessed value. The home is a one-and-three-quarter storey with a detached garage and an unrenovated basement.
The appeal here is squarely for a specific buyer: someone looking for a land play, a major renovation project, or a rebuild. It suits investors, builders, or handy homeowners with a vision and budget for extensive work who want a prime, large lot in a central location. The charm and space of a historic home are present, but the financial metrics suggest the existing structure contributes minimally to the property's price.
Frequently Asked Questions
1. Why is the assessed value so much lower than typical homes?
The assessed value reflects the market's view that the value is almost entirely in the land. The age (1882) and condition of the existing structure mean it contributes very little to the overall assessment compared to the lot it sits on.
2. Is this a teardown property?
While not explicitly stated, the data strongly suggests it's a prime candidate. The combination of a very old home, a low assessment driven by the structure, and a highly desirable lot size indicates many buyers would consider replacing the existing house.
3. What are the implications of such a large lot?
Beyond the obvious potential for a new, larger footprint, a lot of this size (top 4% on the street) offers rare possibilities in a mature neighbourhood. This could include ample yard space, garden potential, parking, or even future subdivision, subject to zoning and city approval.
4. The home sold for $7,500 in 2021. What does that indicate?
This historic sale price, consistent with the low assessed value, confirms the property has been valued as land for some time. It underscores that any offer today will be primarily for the lot location and size, not the existing house.
5. Who would this property not suit?
It is not a match for buyers seeking a move-in ready home or who lack the capacity for a major renovation or construction project. The unrenovated basement and age of the home also mean potential for higher immediate maintenance costs and inefficiencies.
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