Property score
46.2
Below average
Overall 46.2 · Compared with neighbourhood average
1,338 sqft (top 39%) · Built in 1894 (32 yrs older than avg)
Located in a below-average income area with median household income of ~39.2k
Transit 86.0 · 2-min walk to transit with 4 nearby routes · Within 500m: 8 dining spots, 3 schools, 2 healthcare facilitys, and 3 shops nearby
Living Area
Near average
1% smaller than neighborhood avg.
Year Built
Below average
32 yrs older 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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46.2 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
573 Elgin Avenue — 25 amenities found within 500 m, across 7 categories, including 8 dining (nearest 192 m), 3 education (nearest 206 m), 2 healthcare (nearest 283 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 25% | Bottom 45% | Bottom 3% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Property Overview
This one-and-three-quarter storey home, built in 1894, presents a unique opportunity in Winnipeg's Centennial neighbourhood. Its key appeal lies in its substantial 3,210 sqft lot, which is above average for the immediate street and area, offering valuable outdoor space and potential in a central location. The living area of 1,338 sqft is also notably spacious compared to other homes on Elgin Avenue. The property includes a detached garage and a basement, though the basement is noted as not being renovated.
The home’s most defining characteristic is its exceptionally low municipal assessed value, which places it in the bottom tier city-wide. This, combined with the recent 2022 sale price of $14,500, clearly indicates a property in need of significant restoration or redevelopment. Its appeal is squarely for value-driven buyers—investors, builders, or very hands-on homeowners—who see potential in the land size and the sturdy, historic shell, and who have the capacity for a major project. It is not suited for someone seeking a move-in ready home.
Frequently Asked Questions
1. Why is the assessed value so much lower than typical Winnipeg homes?
The assessed value reflects the property's current state as determined by the municipal assessor. A value this low typically corresponds to a structure that requires extensive repairs, modernization, or may even be considered for redevelopment, focusing the value primarily on the land.
2. What does "not renovated" for the basement imply?
This suggests the basement is in original or rough condition. Buyers should anticipate potential issues common to century-old homes, such as low ceilings, outdated utilities, moisture concerns, or unfinished spaces, and should budget for significant upgrades to make it livable or functional.
3. The house is 132 years old. What should I be most concerned about?
While charm and character are benefits, priority investigations should include the foundation integrity, the state of the roof and wiring, plumbing (especially original galvanized or lead pipes), and insulation. The sheer age means systems are likely at or beyond their lifespan.
4. The lot size is a standout feature. What are my options?
The generous lot is the property's chief asset. It provides ample yard space, room for additions like a garage or garden suite (subject to zoning), or, if the structure is beyond repair, the possibility of building a new home. This flexibility is a key advantage over smaller, more typical urban lots.
5. Who would be my neighbours? The nearby comparable properties seem very different.
The listed "similar assessed value" properties are primarily condominium units, which isn't a direct comparison for a single-family lot. Your immediate neighbours are other single-family homes on Elgin Avenue. The wide range of values on the street suggests a neighbourhood in transition, with a mix of renovated and unrenovated historic homes, offering both opportunity and a need for due diligence on area trends.
