71.9
Good
Property score
71.9
Good
Overall 71.9
Older than most nearby homes
1,250 sqft (bottom 49%)
Built in 1949 (4 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, 2 parks, 1 bank/ATM, 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
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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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
578 Montrose Street — 5 amenities found within 500 m, across 4 categories, including 1 education (nearest 403 m), 2 parks (nearest 177 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 578 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 35% | Top 46% | Top 31% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This two-storey home on Montrose Street in Central River Heights presents a practical opportunity in a well-regarded neighbourhood. Built in 1949, its key characteristics include a renovated basement, a detached garage, and 1,250 square feet of living space on a 5,038 sqft lot.
The appeal lies in its position as a relatively modestly-sized and valued home within a desirable area, potentially offering a more accessible entry point into the neighbourhood. The renovated basement adds functional living space. It would suit first-time buyers or downsizers seeking the convenience and community of River Heights without the premium often attached to larger, more updated homes in the area. A thoughtful perspective is that while the home's metrics (like lot size and living area) are below average for Montrose Street itself, they align more closely with the broader neighbourhood and city averages, suggesting it fits a comfortable, middle-ground niche rather than standing out as exceptionally large or small.
Frequently Asked Questions
Is the lot size a disadvantage?
While the land area is below the average for Montrose Street, it is a standard city lot size overall. It offers a manageable yard for maintenance while still providing private outdoor space.
What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This is a key detail to clarify with the seller or agent, as it could range from updated finishes to the addition of legal living space.
How should I interpret the assessed value versus the recent sale price?
The property last sold in November 2022 for $41,300k, slightly above its current assessed value of $39.80k. This suggests the assessment is relatively current, but the market value will be determined by current conditions, the home's state, and buyer demand.
Is the living space sufficient for a family?
At 1,250 sqft, the living area is typical for many Winnipeg homes of this era. It may be cozy for a larger family but is often well-suited for small families, couples, or individuals, especially with the additional finished basement space.
How does this home rank for investment or value retention?
Its position in Central River Heights is a strong fundamental. The fact that its assessed value is around the neighbourhood average indicates it is not an outlier, which can be stabilizing. Its appeal will be tied to the enduring demand for the location and the condition of the home itself.
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