59.7
Fair
Property score
59.7
Fair
Overall 59.7
Smaller and older than most nearby homes
896 sqft (bottom 3%)
Built in 1949 (4 yrs older than avg)
Located in a high-income area
with median household income of ~137k
Transit 80.0
3-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
Below average
33% smaller than neighborhood avg.
Year Built
Below average
4 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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59.7 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
545 Montrose Street — 4 amenities found within 500 m, across 2 categories, including 3 parks (nearest 301 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 545 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 30% | Bottom 49% | Top 33% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This one-storey home at 545 Montrose Street in Winnipeg's Central River Heights presents a specific and compelling opportunity. Its key appeal lies in the combination of a desirable, established neighbourhood and a property profile that suggests significant potential. The 5,170 sqft lot is generous for the area, offering valuable outdoor space in a mature community. While the 896 sqft living area is notably compact, the home features a renovated basement, adding functional space. A detached garage provides practical storage or workshop potential.
This property is ideally suited for a specific buyer: those looking to enter the River Heights area at a more accessible point, with an eye toward future expansion or redevelopment. It's a solid match for a handy buyer comfortable with a smaller footprint who values location and land over immediate move-in perfection. It could also serve as a strategic investment property in a high-demand neighbourhood. The appeal is less about the current structure and more about the underlying value of the lot in a prime location.
Frequently Asked Questions
1. Is this a small house?
Yes. With 896 sqft of living space, it is significantly smaller than most homes on its street and in Central River Heights. The renovated basement provides additional usable area.
2. Why is the assessed value so much lower than the city-wide average for comparable homes?
The assessed value reflects the property's current state and smaller size. The value is largely anchored by the land value in a sought-after neighbourhood, rather than the existing structure.
3. What does the land size mean for a potential buyer?
The 5,170 sqft lot is a key asset. It is larger than many lots on the same street, offering ample yard space and future potential, such as an addition, garden, or redevelopment (subject to zoning).
4. The home was last sold in 2021. What does that indicate?
The relatively recent sale suggests the property may have seen turnover, possibly as an investment or after the basement renovation. It's advisable to inquire about the scope and permits for the renovation work done at that time.
5. Who would this property not suit?
It would not suit buyers seeking a large, move-in-ready family home without renovation plans. The small main-floor living area and the property's value being land-heavy make it less ideal for those not considering future modifications or who need substantial space immediately.
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