71.9
Good
Property score
71.9
Good
Overall 71.9
Older than most nearby homes
1,270 sqft (top 48%)
Built in 1948 (5 yrs older than avg)
Located in a high-income area
with median household income of ~137k
Transit 82.0
2-min walk to transit with 2 nearby routes
Within 500m: 3 parks, 1 sports facility, and 1 place of worship nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
6% smaller than neighborhood avg.
Year Built
Below average
5 yrs older than neighborhood avg.
Mother tongue
English · 88%French · 2%
Past 10 years Central River Heights sales snapshot (~80% of all data)
426
580k
$326/sqft
1953
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71.9 is composed by the two sections below.
Property Score
Community Score
Central River Heights
How to read: Share of sales in each ~$50k price band for “central river heights” (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: #46111045
$137K
Median household income
$176K
Average household income
2%
Low income (LIM-AT)
0.3
Income inequality (Gini)
2.7
P90 / P10 ratio
19%
Single-person households
43%
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
511 Montrose Street — 5 amenities found within 500 m, across 3 categories, including 3 parks (nearest 279 m).
Central River Heights · WPS public data · 2026
Annual incidents
1
2026
vs. city avg
-97%
relative to avg
Year-over-year
▼ -99%
vs. prior year
Primary type
Other
100%
Local garbage, recycling, and yard waste pickup schedule for 511 Montrose Street.
Garbage
monday
Recycling
monday
Yard Waste
monday a
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 17% | Bottom 23% | Top 49% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 15% | Bottom 22% | Top 49% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 511 Montrose Street, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 1948, sits on a generous 5,187 sqft lot in Central River Heights. Its key features include a renovated basement and a detached garage. The home’s primary appeal lies in its location and land. The lot size is notably larger than many on Montrose Street itself, offering above-average outdoor space for the immediate area within a well-established neighbourhood.
The living space (1,270 sqft) is more compact, suggesting a home suited for efficient living rather than sprawling layouts. This, combined with the recent basement renovation, indicates a property that balances original character with modern updates. The most recent sale price is significantly lower than the previous one from 2016, which may present a value opportunity or reflect the condition of the main living areas relative to the renovated basement.
This property would suit a first-time buyer or downsizer seeking a lower entry point into the River Heights area, prioritizing lot size and location over a large interior. It could also appeal to a value-oriented investor or renovator who sees potential in the existing structure and appreciates the upside of the renovated basement and substantial lot.
Frequently Asked Questions
1. How does the lot size compare to the neighbourhood?
The lot is over 5,100 sqft, which is larger than many on Montrose Street itself but fairly average when compared to all of Central River Heights. This means you get more private outdoor space than your immediate neighbours, a less obvious advantage in an inner-city area.
2. The recent sale price seems much lower than the 2016 sale. What does this indicate?
This significant difference warrants careful investigation. It typically suggests a change in condition, a different type of sale (e.g., estate, as-is), or substantial market adjustments. Reviewing the listing details and any notes from the selling agent for that transaction is essential.
3. Is the house smaller than average?
Yes, the living area is below average for Montrose Street but close to the average for Central River Heights and citywide. This points to a efficiently sized home that is typical for many older neighbourhoods, where the value often lies in the location and land.
4. What does the "renovated basement" include?
The details are not specified here. It’s crucial to determine the scope, quality, and permits for this renovation. A professionally finished basement adds liveable space, but the nature of the renovation greatly affects its value and utility.
5. How does the assessed value relate to the sale price?
The most recent assessed value is slightly higher than the most recent sale price. Municipal assessments are for tax purposes and often lag behind market trends. The sale price is the clearest indicator of current market value for that specific transaction.
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