Property Summary: 1519 sqft Home on Elm Street, Central River Heights

Key Characteristics & Buyer Profile

This is a 1,519 sqft single-family home built in 1951, situated on a 4,607 sqft lot in Winnipeg’s Central River Heights neighbourhood. The property sits squarely in a middle-to-upper tier for living space—larger than the area average of 1,346 sqft and beating 71% of citywide homes. Its assessed value of $440,000 is above the city median of $390,100 but noticeably below the Elm Street average of $520,800, suggesting it may offer slightly more square footage for the dollar compared to immediate neighbours. The lot size, however, is smaller than both the street and area averages, which is worth noting for anyone hoping for a deep backyard or expansion room.

The appeal here is balance. You’re not getting a standout feature in any single category, but the combination of above-average living area, a solid assessment, and a desirable Central River Heights location creates a well-rounded package. The home likely suits buyers who prioritize interior space over land—families who need room for daily life but aren’t planning major additions. It may also appeal to those who see potential in a 1950s build that hasn’t yet been priced up to match the street’s higher-end values, leaving some room for sweat equity or targeted upgrades. The neighbourhood’s strong citywide ranking (top 29% for living area and top 30% for value) reinforces that this is a stable, established area.

Five Frequently Asked Questions

1. How does the property’s size compare to other homes on the street and in the area?
On Elm Street, the average living area is 1,723 sqft, so this home is about 200 sqft smaller than the street median. But within Central River Heights, the average is 1,346 sqft, meaning this home is roughly 13% larger than the neighbourhood norm. The lot, however, is 4,607 sqft, which is below both the street average (not given) and the area average—ranking in the bottom 6% for Central River Heights.

2. Is the assessed value of $440,000 a fair reflection of the home’s condition and market position?
It’s below the Elm Street average of $520,800 but above the citywide average of $390,100 and the Central River Heights average of $443,300. That places it roughly in the middle for the area—slightly under the neighbourhood median. Whether it’s fair depends on the home’s actual condition, which the data doesn’t cover, but the assessment suggests it’s not overpriced relative to its built year and size.

3. What does the "year built: 1951" ranking mean in practical terms?
Homes built in 1951 rank in the top 29% for Elm Street (meaning many nearby homes are older) but in the bottom 36% for the area and bottom 29% citywide. That tells you Central River Heights and Winnipeg overall have a good share of newer builds. A 1951 home may have original construction details worth preserving, but utilities, insulation, and layout may need updating unless previous owners have addressed them.

4. Why is the lot size ranked so low when the living area is above average?
This home makes efficient use of a smaller lot—it has decent interior square footage on a plot that’s below the neighbourhood standard. For buyers who want indoor space without a sprawling yard to maintain, this can be a positive. But if you’re looking to build a garage, add a suite, or have a large garden, the lot size will be a constraint.

5. How does this property compare to similar homes in Central River Heights that are for sale or have recently sold?
The data doesn’t include recent sale prices or listing history. To get a full picture, you’d need to compare this home’s assessment and size against current market listings in the area. The neighbourhood analysis map (linked on the original page) allows you to overlay nearby homes by year built, living area, lot size, and assessed value—useful for spotting whether this home is priced competitively or if similar properties have recently traded above or below assessment.