46.7
Below average
Property score
46.7
Below average
Overall 46.7
Smaller than most nearby homes
876 sqft (bottom 20%)
Built in 1928 (11 yrs older than avg)
Located in a average-income area
with median household income of ~54.8k
Transit 80.0
3-min walk to transit with 3 nearby routes
Within 500m: 6 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
Below average
32% smaller than neighborhood avg.
Year Built
Near average
11 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
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46.7 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
545 Ritchot Street — 19 amenities found within 500 m, across 7 categories, including 6 dining (nearest 95 m), 5 education (nearest 152 m), 1 healthcare (nearest 472 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 43% | Bottom 29% | Bottom 23% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 545 Ritchot Street, Central St. Boniface
Key Characteristics & Appeal
This is a classic, compact one-storey home built in 1928 on a generous 4,208 sqft lot in Central St. Boniface. Its primary appeal lies in the land and location rather than the size of the dwelling. The house itself is modest at 876 sqft of living space, which is notably smaller than most in the immediate area, and features an unrenovated basement and a detached garage.
The property’s strongest asset is its lot size, which is above average for the neighbourhood, offering valuable outdoor space and potential. Its assessed value is positioned below average for the city, suggesting an entry point into a well-established community. This home would best suit a value-conscious buyer, such as a first-time homeowner or an investor, who sees potential in the land or is willing to undertake gradual updates. It’s a practical opportunity for those who prioritize a prime St. Boniface address and the flexibility of a larger lot over move-in-ready finishes or spacious interiors.
Frequently Asked Questions
1. Is this a teardown or a renovation project?
Given the home's smaller size and unrenovated state, some buyers may consider it a candidate for significant expansion or eventual replacement. However, its solid lot ranking and classic structure also make it a viable, budget-friendly project for gradual modernization.
2. How does the assessed value relate to the likely sale price?
The property last sold for $25,100 in early 2021, close to its current assessed value of $26,400. It's important to note that assessed value is for municipal tax purposes; the market price will be determined by current demand, condition, and the value of similar lots in St. Boniface.
3. What are the implications of the "below average" living area ranking?
While the house is functionally smaller than most in the area, this often translates to lower utility costs and less maintenance. It’s a trade-off: you’re acquiring space in the yard rather than in the floor plan.
4. What is the neighbourhood context for this property?
The data shows the home is more typical of its specific street in terms of age and lot size, but its living area is smaller than both street and neighbourhood averages. This indicates a pocket of older, character homes where this property is one of the more compact options.
5. What potential is offered by the detached garage and lot?
The detached garage provides flexible storage or workshop space. The above-average lot size for the area could allow for garden expansion, recreational space, or even future ancillary building potential, subject to local zoning regulations.
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