Property score
40.9
Below average
Overall 40.9 · Smaller than most nearby homes
1,036 sqft (bottom 20%) · Built in 1903 (23 yrs older than avg)
Located in a below-average income area with median household income of ~38.8k
Transit 86.0 · 2-min walk to transit with 4 nearby routes · Within 500m: 9 dining spots, 3 schools, 6 healthcare facilitys, and 3 shops nearby
Living Area
Below average
23% smaller than neighborhood avg.
Year Built
Near average
23 yrs older than neighborhood avg.
Mother tongue
English · 54%Tagalog · 3%
Past 10 years Centennial sales snapshot (~80% of all data)
128
215k
$120/sqft
1926
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40.9 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: #46110074
$39K
Median household income
$57K
Average household income
43%
Low income (LIM-AT)
0.3
Income inequality (Gini)
4.4
P90 / P10 ratio
41%
Single-person households
14%
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
580 Elgin Avenue — 29 amenities found within 500 m, across 7 categories, including 9 dining (nearest 220 m), 3 education (nearest 148 m), 6 healthcare (nearest 290 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 32% | Top 50% | Bottom 4% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Key Characteristics
This two-storey home at 580 Elgin Avenue in Winnipeg's Centennial neighbourhood is a property defined by its potential and its position in the market. Built in 1903, it sits on a standard city lot of approximately 3,284 sq ft. The home itself offers 1,036 sq ft of living space, has a detached garage, and includes a basement that is noted as not being renovated. The property recently sold for $15,500, which is significantly below both neighbourhood and city-wide averages for sale prices.
Its primary appeal lies in its value as a land play or a foundational project. The very low sale and assessed values make it one of the most accessible entry points into homeownership in the city, albeit with the clear understanding that significant investment would be required. It would suit a specific type of buyer: either an investor looking for a hold-and-wait opportunity in a central area, or a hands-on purchaser with renovation skills and capital who is seeking a blank canvas to create equity through sweat equity. It is not a move-in-ready home and appeals to those comfortable with a project.
A less obvious perspective is that its age (1903) and original condition could be a draw for a buyer interested in historical preservation or authentic period restoration, rather than a generic modern renovation. Additionally, while its metrics are below average for the immediate street and area, this provides a low-cost foothold in a central location where surrounding properties may drive future neighbourhood momentum.
Frequently Asked Questions
1. Why is the sale price so much lower than the average home?
The price reflects the property's condition and the scale of work required. It is marketed as a land value or major renovation project, not a finished home, which is why it stands out from typical sales.
2. What does "basement, not renovated" imply?
This typically means the basement is in original or rough condition. Buyers should anticipate foundational assessments, potential moisture issues, and the need for complete modernization to make it a livable space.
3. Who would be responsible for bringing the home up to modern standards?
The new owner would be solely responsible for all renovations, repairs, and updates, including any necessary structural, electrical, plumbing, or insulation work to meet current building codes.
4. Is the land size a positive aspect?
Yes. At 3,284 sq ft, the lot is a standard and usable size for the area. It offers reasonable outdoor space and potential for gardening, parking, or future additions, which is a key asset.
5. How should I interpret the comparative rankings provided?
These rankings show the property's position relative to others. For example, its Year Built ranking in the "Top 77%" on its street means it is older than 77% of comparable homes, highlighting its vintage. The "below average" assessments across most metrics confirm it is a value-priced project rather than a premium offering.
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