55.0
Fair
Property score
55.0
Fair
Overall 55.0
Older than most nearby homes
1,146 sqft (bottom 45%)
Built in 1912 (27 yrs older than avg)
Located in a average-income area
with median household income of ~54.8k
Transit 74.0
3-min walk to transit with 2 nearby routes
Within 500m: 5 dining spots, 5 schools, 1 healthcare facility, and 1 park nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
11% smaller than neighborhood avg.
Year Built
Below average
27 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
55.0 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
541 Ritchot Street — 18 amenities found within 500 m, across 7 categories, including 5 dining (nearest 96 m), 5 education (nearest 160 m), 1 healthcare (nearest 480 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 1% | Bottom 5% | Bottom 7% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 541 Ritchot Street, Central St. Boniface
Key Characteristics & Appeal
This is a classic one-and-three-quarter storey home built in 1912, offering a grounded opportunity in the sought-after Central St. Boniface neighbourhood. Its primary appeal lies in its location and lot. The property sits on a 3,190 sqft lot that is notably larger than many city-wide averages, providing valuable outdoor space in a mature, established area. With 1,146 sqft of living space, the home itself is of average size for the locale, suggesting a manageable footprint.
The data indicates a significant value proposition: the home’s assessed value is well below the averages for the street, neighbourhood, and city. This, combined with its last known sale price from 2016, positions it as a potential entry point into a desirable community. The presence of a detached garage adds practical utility. It’s important to note the basement exists but is unrenovated, representing a clear opportunity for future customization or necessary updates.
This property would suit a specific type of buyer: a pragmatic first-time homebuyer or an investor looking for a character home in a prime location, who is prepared to take on a project. It’s for someone who values land and location over immediate move-in readiness and sees potential in a home that requires modernization.
Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean for this home?
This style typically features a full main floor and a second floor where the roofline slopes into the walls, creating cozy bedrooms with potentially lower ceilings in certain areas. It’s a charming, classic Winnipeg design common in older neighbourhoods.
2. The assessed value seems low. Does that mean the taxes are low?
Not necessarily. While a lower assessed value can influence property taxes, the final tax bill is determined by the municipal tax rate applied to that assessment. It’s best to inquire about the most recent annual tax amount for an accurate picture.
3. Is the unrenovated basement finished or usable?
The listing specifies it is "not renovated." This generally means it is in a rough, unfinished state (concrete floors and walls, exposed utilities). It offers blank-slate potential but will require investment to become finished living space.
4. How does the 2016 sale price relate to today’s asking price?
The 2016 price is historical context and is not indicative of current market value. Market conditions, property changes, and broader economic factors have likely shifted the value significantly since then.
5. The lot size is a highlight, but what about the home's condition?
The data emphasizes the land and value metrics. The age of the home (1912) and the unrenovated basement suggest that a thorough inspection is crucial to understand the condition of major systems like wiring, plumbing, and the foundation, which may require attention.
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.
