46.6
Below average
Property score
46.6
Below average
Overall 46.6
Smaller but newer than most nearby homes
1,047 sqft (bottom 22%)
Built in 1984 (58 yrs newer than avg)
Located in a below-average income area
with median household income of ~39.2k
Transit 80.0
2-min walk to transit with 3 nearby routes
Within 500m: 7 dining spots, 2 schools, 1 healthcare facility, and 2 shops nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
22% smaller than neighborhood avg.
Year Built
Above average
58 yrs newer than neighborhood avg.
Mother tongue
English · 60%Tagalog · 9%
Past 10 years Centennial sales snapshot (~80% of all data)
128
215k
$120/sqft
1926
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46.6 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: #46110176
$39K
Median household income
$60K
Average household income
38%
Low income (LIM-AT)
0.3
Income inequality (Gini)
4.1
P90 / P10 ratio
48%
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
554 Alexander Avenue — 21 amenities found within 500 m, across 6 categories, including 7 dining (nearest 216 m), 2 education (nearest 109 m), 1 healthcare (nearest 380 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 8% | Bottom 14% | Bottom 1% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 554 Alexander Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home on Alexander Avenue in the Centennial neighbourhood presents a practical and affordable entry point into the Winnipeg market. Built in 1984, it is a notably newer construction compared to many homes in the area, which may appeal to buyers seeking a property with potentially fewer concerns related to aging infrastructure. The home features a renovated basement and a living space of just over 1,000 sqft, which is quite standard for the immediate street but offers a more manageable scale compared to larger neighbourhood averages.
The primary appeal lies in its value proposition. The lot size is generous for the area, and the home’s assessed value positions it well below the citywide average, suggesting a lower property tax burden. It suits first-time homebuyers, investors looking for a rental property, or downsizers who prioritize a modest, low-maintenance footprint without venturing into much older housing stock. A thoughtful perspective is that while the home is "below average" in size for Centennial, this translates to a cozy, efficient layout with lower utility costs. Its strongest attribute is being uncommonly modern for its surroundings, offering a balance between established community character and relative structural youth.
Section 2: Frequently Asked Questions
1. Is the low sale price from 2021 accurate for today’s market?
No, the listed sale price of $10.5k from March 2021 is a historical data point and not a reflection of current market value. Always consult a real estate professional for a current valuation.
2. What does "renovated basement" specifically include?
The listing does not provide details on the scope or quality of the renovation. We strongly recommend inquiring about the work done, whether permits were obtained, and the current condition to understand its true value and functionality.
3. With no garage, what are the parking options?
The property has no garage. Buyers should verify the availability of on-street parking permits, if required, and assess the typical parking availability on Alexander Avenue.
4. How does the assessed value affect property taxes?
Property taxes are calculated using the assessed value. While this home’s assessed value is low compared to the city average—which typically results in lower taxes—the final tax bill also depends on the municipal tax rate. It’s advisable to estimate annual taxes using the current rate.
5. The home is newer than most in Centennial. Are there any trade-offs?
While a 1984 build may mean updated electrical or plumbing compared to a century home, it also places the property in an era with specific construction materials and styles. An inspection would be key to identify any period-specific maintenance points, such as the condition of original windows or roof lifespan.
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