| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Living Area 1,263 sqft | Top 88%226/258 Avg1,723 sqft Top 49%615/1244 Avg1,346 sqft Top 44%86315/194458 Avg1,342 sqft 646 Elm Street: For Living Area. On Elm Street, below average — Top 88%, rank 226 of 258, and comparable homes in that group average about 1,723 sqft. in Central River Heights, around average — Top 49%, rank 615 of 1244, and comparable homes in that group average about 1,346 sqft. citywide, around average — Top 44%, rank 86315 of 194458, and comparable homes in that group average about 1,342 sqft. | ||
Assessed Value 44.80k | Top 70%180/258 Avg52.10k Top 38%471/1244 Avg44.30k Top 29%55893/194458 Avg390k 646 Elm Street: For Assessed Value. On Elm Street, around average — Top 70%, rank 180 of 258, and comparable homes in that group average about 52.10k. in Central River Heights, around average — Top 38%, rank 471 of 1244, and comparable homes in that group average about 44.30k. citywide, above average — Top 29%, rank 55893 of 194458, and comparable homes in that group average about 390k. | ||
Year Built 1951 （75 years ago） | Top 29%75/258 Avg1941 Top 64%798/1244 Avg1953 Top 71%137957/194458 Avg1966 646 Elm Street: For Year Built. On Elm Street, above average — Top 29%, rank 75 of 258, and comparable homes in that group average about 1941. in Central River Heights, around average — Top 64%, rank 798 of 1244, and comparable homes in that group average about 1953. citywide, below average — Top 71%, rank 137957 of 194458, and comparable homes in that group average about 1966. | ||
Land Area 4,607 sqft | Top 76%196/258 Avg5,222 sqft Top 94%1175/1244 Avg5,581 sqft Top 64%124438/194458 Avg6,570 sqft 646 Elm Street: For Land Area. On Elm Street, below average — Top 76%, rank 196 of 258, and comparable homes in that group average about 5,222 sqft. in Central River Heights, below average — Top 94%, rank 1175 of 1244, and comparable homes in that group average about 5,581 sqft. citywide, around average — Top 64%, rank 124438 of 194458, and comparable homes in that group average about 6,570 sqft. | ||
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: colored length ≈ share of peers you outperform; vertical line ≈ median benchmark; white tick = your position. Badge tint: gold / blue / gray / dark gray for top ~1–5% / 5–30% / 30–70% / beyond.
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| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sale price | Top 40% Avg | Top 17% Avg | Top 16% Avg |
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sale price | Top 94% Avg | Top 74% Avg | Top 47% Avg |
Property Overview: 646 Elm Street, Central River Heights
Key Characteristics & Appeal
This two-storey home on a quiet, established street offers a practical and updated living space. Its key feature is a renovated basement, adding valuable finished square footage to the 1,263 sqft main living area. The home sits on a 4,607 sqft lot, which is modest for Elm Street but provides ample outdoor space for a garden or recreation. A detached garage offers additional storage or parking.
The appeal here is grounded in value and location. The home is newer than many on its street (built in 1951), and its recent sale price positions it as an above-average value within both the sought-after Central River Heights neighbourhood and Winnipeg overall. This suggests a buyer gets more house for their money in a prime area. It would suit first-time buyers or downsizers seeking a low-maintenance, move-in-ready home in a mature, central neighbourhood without the premium price tag of a larger lot or brand-new build. The property represents a smart entry point into a desirable community where the land itself holds significant long-term value.
Frequently Asked Questions
1. Is the lot size a disadvantage?
While the lot is below average for Elm Street, it is very close to the typical size for Central River Heights and Winnipeg overall. It provides a manageable yard that is easier and less expensive to maintain, which can be a benefit for many buyers.
2. What does "above average value" for the neighbourhood mean?
The data shows the home last sold at a price point that ranks above average compared to other sales in Central River Heights. This generally indicates the purchase price was favorable relative to the home's assessed value and features within that specific, in-demand area.
3. How updated is the home?
The listing specifically notes a renovated basement, which is a significant modern improvement. The home's 1951 build date is newer than many on the street, but specifics on other updates (roof, windows, kitchen, etc.) should be confirmed through a viewing and inspection.
4. Why is the assessed value much lower than the recent sale price?
Municipal assessed value for taxation purposes often lags behind market value and is calculated using a different methodology. The sale price is a direct reflection of current market conditions and buyer demand, especially in a neighbourhood like Central River Heights.
5. What is the potential for future value growth?
The home's strongest value driver is its location in a perennially popular neighbourhood. While the structure is modest, owning property in Central River Heights provides a stable foundation for equity growth over time, supported by the area's consistent appeal.
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Address · Assessed Value