69.8
Good
Property score
69.8
Good
Overall 69.8
Older than most nearby homes
1,188 sqft (bottom 41%)
Built in 1949 (4 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
12% 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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69.8 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
554 Elm Street — 5 amenities found within 500 m, across 3 categories, including 3 parks (nearest 315 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 554 Elm 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 44% | Top 29% | Top 22% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 554 Elm Street, Central River Heights
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1949, sits on a generous, approximately 5,184 sqft lot in the established Central River Heights neighbourhood. 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 above average for the immediate street and neighbourhood, offering valuable outdoor space and potential in a sought-after area. While the living area (1,188 sqft) is modest compared to some neighbours, it presents an opportunity for buyers looking for a manageable footprint or future expansion. The recent renovation of the basement adds functional, modernized space.
This property would suit a first-time buyer or downsizer seeking a lower-maintenance home in a prime location without a massive interior to upkeep. It’s also a compelling canvas for a buyer with renovation or expansion plans, where the value is anchored in the desirable lot and neighbourhood rather than a finished, large house. A thoughtful perspective is that its "around average" metrics city-wide for size and value suggest a stable, balanced investment without the premium or risk of extremes, offering a grounded entry into a mature community.
Frequently Asked Questions
1. Is the lot size typical for the area?
Yes, the lot is a standout feature. At over 5,000 sqft, it ranks in the top 39% on Elm Street itself and is larger than many comparable neighbourhood lots, offering more private outdoor space than typical.
2. How does the home’s size compare to others?
The living space is cozy. It's notably smaller than the average home on Elm Street but is very close to the average size for both Central River Heights and the city of Winnipeg as a whole, making it a comfortably sized bungalow-style home.
3. What does the "renovated basement" include?
The provided details confirm the basement has been renovated but do not specify the scope. A viewing or inquiry with the listing agent is necessary to determine the finish quality, layout, and permitted uses of this space.
4. How old is the home, and what might that mean for maintenance?
Built in 1949, the home is older than most in the neighbourhood and city. While charm and character are benefits, prospective buyers should budget for and investigate the age and condition of major systems like plumbing, electrical, and the roof.
5. How is the property valued compared to its last sale?
The home sold in December 2021 for $45,400 and currently holds an assessed value of $42,700. This suggests a stable value in line with recent market activity, but the final sale price is always determined by the current market.
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