71.9
Good
Property score
71.9
Good
Overall 71.9
Older than most nearby homes
1,233 sqft (bottom 47%)
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
8% 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
538 Montrose Street — 4 amenities found within 500 m, across 2 categories, including 3 parks (nearest 322 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 538 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 46% | Top 33% | Top 25% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 538 Montrose Street, Central River Heights
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1948, sits on a desirable, generously-sized lot in Central River Heights. Its primary appeal lies in the combination of a prime location and a renovated basement, offering a solid foundation in a sought-after neighbourhood. The living space is compact at 1,233 sqft, which positions it as a more manageable property compared to larger homes on the same street, potentially appealing to those seeking lower maintenance without sacrificing location.
The home suits first-time buyers or downsizers who prioritize neighbourhood over sheer square footage. Its below-average assessed value for the immediate street suggests a potentially accessible entry point into a well-regarded area. A thoughtful perspective is that the sizable lot (over 5,200 sqft) provides valuable outdoor space and future potential that the current living footprint doesn't fully utilize, which could be a draw for those with long-term renovation or expansion visions. The detached garage adds practical storage or workshop space. It’s a property for someone who values the established character and convenience of River Heights and sees the home itself as a canvas or a comfortable, efficient space.
Frequently Asked Questions
1. How does the property compare in size to others nearby?
The home's living area is notably smaller than the average for Montrose Street itself, but is quite typical when compared to the broader Central River Heights neighbourhood and the city overall. The land size, however, is substantial for the area.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope or finish. This is a key detail to clarify with the selling agent regarding the quality, layout, and permitted uses of the renovated space.
3. Is the sale price from 2022 a reliable indicator of current value?
The 2022 sale price of $440k provides a historical benchmark, but market conditions have shifted. It's best used as a reference point, with a current professional appraisal or comparative market analysis being essential for today's value.
4. How does the assessed value relate to the expected market price?
The assessed value for tax purposes ($41.4k) is significantly lower than historical sale prices, which is normal. Assessed value is not a market valuation; it is used to calculate property taxes and typically lags behind current market values.
5. What are the implications of the detached garage?
A detached garage offers flexibility and can be ideal for hobbyists or those wanting separation from house noise and fumes. However, it may be less convenient during Winnipeg winters compared to an attached garage, a factor for some buyers to weigh.
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