71.9
Good
Property score
71.9
Good
Overall 71.9
Older than most nearby homes
1,221 sqft (bottom 46%)
Built in 1948 (5 yrs older than avg)
Located in a high-income area
with median household income of ~137k
Transit 80.0
4-min walk to transit with 3 nearby routes
Within 500m: 3 parks, 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
9% 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
534 Montrose Street — 4 amenities found within 500 m, across 2 categories, including 3 parks (nearest 335 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 534 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 29% | Bottom 39% | Top 39% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 534 Montrose Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1948, sits on a desirable 5,283 sqft lot in Central River Heights. Its key appeal lies in its location and land value. The living space is a modest 1,221 sqft with an unrenovated basement and a detached garage, positioning it as a classic "starter home" or a solid investment property rather than a turn-key luxury offering.
The home’s strongest suit is its lot size, which is above average for the immediate street and neighbourhood. This presents a clear long-term opportunity: the value is anchored in the land itself, making it suitable for future expansion, garden suites (subject to zoning), or simply enjoying more outdoor space than is typical in the area. The recent sale price of $380k sits significantly above its assessed value, indicating the market premium for location and lot potential.
This property would best suit pragmatic first-time buyers comfortable with a home that may require updates over time, or investors looking for a character home in a stable neighbourhood with strong redevelopment potential. It’s less suited for those seeking modern finishes or maximum interior square footage immediately.
Section 2: Frequently Asked Questions
1. Is the basement finished?
No, the basement is noted as "not renovated." Buyers should budget for any desired finishing and investigate its suitability for conversion, keeping in mind moisture protection and ceiling height.
2. How does the sale price compare to similar homes?
The $380k sale price is above average for the street but around average citywide. This suggests buyers are paying a premium for the Central River Heights location and the lot size relative to other homes on Montrose Street.
3. What does the lot size mean for me?
At over 5,200 sqft, the lot is larger than many in the immediate area. This offers more private outdoor space and potential for landscaping, gardening, or future structural additions like a garage expansion or deck.
4. The home is older—what should I be concerned about?
Built in 1948, prospective buyers should prioritize a thorough inspection focusing on the roof, foundation, plumbing, electrical systems, and insulation. The unrenovated state means original components may be near or past their lifespan.
5. Why is the assessed value so much lower than the sale price?
Municipal assessed value for taxation purposes often lags behind market value, especially in active markets. The gap here highlights that market buyers place substantial value on the location, neighbourhood demand, and the property's potential beyond its current condition.
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