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
5-min walk to transit with 3 nearby routes
Within 500m: 1 school, 2 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
575 Montrose Street — 4 amenities found within 500 m, across 3 categories, including 1 education (nearest 414 m), 2 parks (nearest 182 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 575 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 14% | Bottom 20% | Bottom 49% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 575 Montrose Street, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 1950, is situated on a standard city lot in the established Central River Heights neighbourhood. Its key features include a renovated basement and a detached garage. The living space of 1,250 sq ft is typical for the area and city, offering a manageable footprint.
The primary appeal lies in its location within a desirable, central community, combined with a recent sale price that was notably accessible for the neighbourhood. This presents a value-oriented entry point into River Heights. The home’s lot size is smaller than others on Montrose Street itself, which can mean less yard maintenance. The 1950 build date is newer than many immediate neighbours, potentially suggesting updates over time or more modern construction materials for its era.
This property would suit first-time buyers or practical downsizers seeking a foothold in a prime location without a premium price tag. It’s ideal for those who value community amenities and connectivity over expansive private outdoor space or a large interior. The renovated basement adds functional living area, appealing to those needing a home office, recreation room, or flexible space.
Section 2: Frequently Asked Questions
1. Is the smaller lot size a disadvantage?
While the land area is below average for Montrose Street, it is close to the city-wide average. This typically translates to less yard upkeep, which can be a practical benefit for buyers seeking a lower-maintenance property in a central location.
2. How does the 1950 build year affect the home?
Being built in 1950 places it as a newer home on its street. This could mean it benefits from post-war construction standards and may have seen systematic updates over the decades, though a thorough inspection is always recommended to assess the current condition of major systems.
3. What does the assessed value indicate?
The assessed value is for municipal tax purposes and is not a market price. Its below-average ranking on the street, alongside the home’s recent sale price, generally reinforces the property’s position as a more affordable option in this specific area.
4. Who might find the living area suitable?
At 1,250 sq ft, the living area is very close to the city-wide average. It is well-suited for individuals, couples, or small families. The renovated basement effectively expands the usable space, making the home feel larger than the main-floor square footage suggests.
5. Why is the recent sale price significant?
The sale price from early 2023 was well below the average for comparable homes in Central River Heights at that time. This history suggests the property can offer a competitive cost to enter this neighbourhood, though current market conditions will determine today’s value.
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