38.1
Below average
Property score
38.1
Below average
Overall 38.1
Smaller and older than most nearby homes
640 sqft (bottom 3%)
Built in 1910 (29 yrs older than avg)
Located in a average-income area
with median household income of ~54.8k
Transit 74.0
4-min walk to transit with 2 nearby routes
Within 500m: 3 dining spots, 5 schools, 1 park, and 1 sports facility nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
50% smaller than neighborhood avg.
Year Built
Below average
29 yrs older than neighborhood avg.
Mother tongue
English · 45%French · 29%
Past 10 years Central St. Boniface sales snapshot (~80% of all data)
407
293k
$337/sqft
1939
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
38.1 is composed by the two sections below.
Property Score
Community Score
Central St. Boniface
How to read: Share of sales in each ~$50k price band for “central st. boniface” (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: #46110811
$55K
Median household income
$71K
Average household income
21%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.7
P90 / P10 ratio
41%
Single-person households
13%
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
519 Ritchot Street — 13 amenities found within 500 m, across 6 categories, including 3 dining (nearest 136 m), 5 education (nearest 231 m), 1 parks (nearest 286 m).
Central St. Boniface · WPS public data · 2026
Annual incidents
64
2026
vs. city avg
+117%
relative to avg
Year-over-year
▼ -93%
vs. prior year
Primary type
Property
55%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 27% | Bottom 23% | Bottom 19% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 519 Ritchot Street, Central St. Boniface
Key Characteristics & Appeal
This is a modest, one-storey home built in 1910 on a standard city lot in Central St. Boniface. Its key characteristics are its compact 640 sqft living area, an unrenovated basement, and a detached garage. The data reveals a property that is consistently below average in size, value, and modernity when compared to its immediate street, neighbourhood, and city. Its assessed value is notably low.
The primary appeal lies in its land and location, not the existing structure. It represents a clear opportunity for a buyer looking for a footprint in the established and desirable St. Boniface area, with the vision to either extensively renovate or rebuild. The low assessed value suggests a correspondingly lower property tax burden, which is a practical advantage during a planning or construction phase. This property would best suit an investor, builder, or a hands-on buyer with a clear plan for major improvements, for whom the existing house is more of a placeholder. It is not a move-in-ready home, but a foundation for a future one.
Frequently Asked Questions
1. Why is the assessed value so much lower than typical Winnipeg homes?
The assessed value reflects the current state and size of the very compact, 116-year-old home. It is based on the existing structure and not the potential of the land in a sought-after neighbourhood.
2. Is this a teardown property?
While not explicitly stated, the data strongly suggests it. The living area is among the smallest percentile city-wide, the home is older than most, and the basement is unrenovated. For many buyers, rebuilding would be more feasible than renovating.
3. What are the advantages of such a small, older home?
The advantages are strategic: securing a lot in St. Boniface at a lower entry point, managing lower property taxes initially, and having the freedom to create a new home tailored to modern needs without the constraints of preserving a larger existing structure.
4. How does the lot size compare?
At 3,188 sqft, the lot is around the average for Ritchot Street but below the average for both Central St. Boniface and Winnipeg overall. It is a standard city lot, not unusually large or small for the immediate area.
5. The sale price in 2021 matches the current assessed value. What does that indicate?
This indicates market stability for the property in its current condition over that period. It reinforces that the value is anchored to the land and the existing home's very basic utility, not subject to the appreciation trends of turn-key homes.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
