468 Elgin Avenue

Centennial, Winnipeg

Property score

49.2

Below average

Overall 49.2 · Larger but older than most nearby homes

1,652 sqft (top 21%) · Built in 1882 (44 yrs older than avg)

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

Transit 88.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 11 dining spots, 5 schools, 1 healthcare facility, and 6 shops nearby

Living Area

Above average

23% 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)

Sold Count

128

Median price

215k

$/sqft

$120/sqft

Avg build year

1926

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Property score

49.2 is composed by the two sections below.

Property Score

58.6Fair
Living Area1,652 sqft83Excellent
Year Built18825Low
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
1,652 sqft
0255075100
Same streetTop 12%Same areaTop 21%CitywideTop 23%
Same street · Elgin Avenue
#47 / 402
Top 12% · Avg 1,113 sqft
Same area · Centennial
#78 / 375
Top 21% · Avg 1,348 sqft
Citywide · Winnipeg
#44,575 / 194,458
Top 23% · Avg 1,342 sqft

Tax-Assessed Value

around average
165k
0255075100
Same streetBottom 45%Same areaTop 44%CitywideBottom 4%
Same street · Elgin Avenue
#220 / 402
Bottom 45% · Avg 189.6k
Same area · Centennial
#164 / 375
Top 44% · Avg 167.9k
Citywide · Winnipeg
#186,016 / 194,458
Bottom 4% · Avg 390.1k

Year Built

below average
1882
0255075100
Same streetBottom 5%Same areaBottom 14%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

468 Elgin Avenue — 35 amenities found within 500 m, across 7 categories, including 11 dining (nearest 127 m), 5 education (nearest 231 m), 1 healthcare (nearest 85 m).

Search radius
🍽️Dining11
🏫Education5
🏥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 4/2021CA$150k–200k
Sold price

Same street

Bottom 46%

Same area

Top 38%

City-wide

Bottom 6%

Related homes

Highlights & common questions: 468 Elgin Avenue, Winnipeg

Property Overview

This one-and-three-quarter storey home on Elgin Avenue in Winnipeg's Centennial neighbourhood presents a distinct opportunity. Built in 1882, it is a character property with a generous living area of 1,652 sq ft, which is notably above average for both the street and the local area. The lot size of 3,283 sq ft is typical for the vicinity. Key features include a basement (not renovated) and no garage or pool. The home last sold in April 2021 for $170,000, with a current assessed value of $16,500.

Its appeal lies in its substantial interior space within a historic shell, offering a canvas for renovation or restoration. It suits a specific buyer: those seeking a character home project, investors or developers attracted by the lot potential in a central location, or buyers prioritizing square footage over modern finishes. A less obvious perspective is its value as a study in Winnipeg's architectural history, representing housing from the city's early boom period. However, its age and likely need for significant updates mean it is not suited for someone seeking a move-in ready home.

Frequently Asked Questions

1. What does "one-and-three-quarter storey" mean?
This is a common architectural style in older Winnipeg homes. It typically means the second floor has full-height ceilings only in the center of the house, with sloped ceilings (following the roof line) around the perimeter, often creating cozy alcoves or smaller rooms.

2. Why is the assessed value ($16.5k) so much lower than the last sale price ($170k)?
Municipal assessed value for tax purposes is often significantly lower than market value, especially for older homes. The assessment is a mass appraisal formula and may not fully capture market dynamics, recent sales, or the potential value of the land.

3. What are the major considerations with a home built in 1882?
Prospective buyers should budget for and investigate major systems that are likely outdated or require upgrading, such as wiring, plumbing, insulation, and the foundation. An inspection is crucial to understand the scope of work needed to make the home safe and efficient.

4. Is the land size suitable for future expansion or redevelopment?
At just under 3,300 sq ft, the lot is a standard size for the area. While it may accommodate an addition subject to zoning bylaws and setbacks, it is not an unusually large lot that would easily allow for subdivision or a major rebuild without creative design.

5. How does the "above average" living area compare to modern homes?
While the total square footage is generous for its peer group, the layout in a home of this age may feel compartmentalized with smaller, distinct rooms rather than the open-concept flows popular today. The usable space depends heavily on the floor plan configuration.

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