71.3
Good
Property score
71.3
Good
Overall 71.3
Older than most nearby homes
1,250 sqft (bottom 49%)
Built in 1950 (3 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: 1 school, 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
7% smaller than neighborhood avg.
Year Built
Below average
3 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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71.3 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
559 Montrose Street — 5 amenities found within 500 m, across 3 categories, including 1 education (nearest 480 m), 3 parks (nearest 248 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 559 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 | Top 36% | Top 12% | Top 14% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 48% | Top 25% | Top 21% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 559 Montrose Street, Central River Heights, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 1950, presents a practical opportunity in the sought-after Central River Heights neighbourhood. Its primary appeal lies in its balance of location and value. The home features a renovated basement and a detached garage on a 4,598 sqft lot. While the living space (1,250 sqft) is modest, particularly for the street, the property holds a strong assessed value that ranks above average for both the neighbourhood and the wider city. This suggests the value is anchored more in its desirable location and lot than in the size of the house itself.
The property would suit a first-time buyer or a downsizer looking for an entry point into a well-established area without a premium price for a large home. It’s also a candidate for those with a vision for gradual updates or an expansion, given that the lot size, while below average for Montrose Street, still offers good outdoor space. A thoughtful perspective is that this home represents a "location play" – you’re investing in the community first, with the house itself offering a solid, renovatable foundation.
Frequently Asked Questions
1. How does the lot size compare to others in the area?
The land area of 4,598 sqft is below the average for Montrose Street, where comparable lots average about 5,723 sqft. However, it is a manageable size and is still larger than many city-wide averages.
2. Is the assessed value high for a home of this size?
Yes, the assessed value ranks above average for both Central River Heights and Winnipeg. This indicates that factors like the renovated basement, the neighbourhood desirability, and the lot are significant contributors to its valuation, offsetting the more modest living area.
3. What does the sale history tell us?
The home sold most recently in August 2023 for $52,100, closely aligning with its current assessed value. A prior sale in September 2020 was for $46,400, showing appreciation over that period.
4. Is the home newer or older than its neighbours?
Built in 1950, this home is actually newer than the average house on Montrose Street, where the average year built is 1943. It is roughly on par with the neighbourhood average.
5. Who might this property not suit?
Buyers seeking a large, move-in-ready home with ample interior square footage for the price may find it limiting. It’s better suited for those comfortable with a cosier footprint or those planning a renovation to better utilize the lot and layout over time.
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