Property score
42.0
Below average
Overall 42.0 · Smaller and older than most nearby homes
720 sqft (bottom 9%) · Built in 1911 (42 yrs older than avg)
Located in a above-average income area with median household income of ~73.5k
Transit 80.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 1 dining spot, 2 schools, 2 parks, and 1 place of worship nearby
Living Area
Below average
32% smaller than neighborhood avg.
Year Built
Below average
42 yrs older than neighborhood avg.
Mother tongue
English · 69%Tagalog · 10%
Past 10 years East Elmwood sales snapshot (~80% of all data)
460
277.7k
$225/sqft
1953
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42.0 is composed by the two sections below.
Property Score
Community Score
East Elmwood
How to read: Share of sales in each ~$50k price band for “east elmwood” (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: #46110804
$74K
Median household income
$81K
Average household income
15%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
31%
Single-person households
27%
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
714 Beach Avenue — 6 amenities found within 500 m, across 4 categories, including 1 dining (nearest 337 m), 2 education (nearest 239 m), 2 parks (nearest 173 m).
East Elmwood · WPS public data · 2026
Annual incidents
16
2026
vs. city avg
-46%
relative to avg
Year-over-year
▼ -92%
vs. prior year
Primary type
Property
63%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Bottom 3% | Bottom 3% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 714 Beach Avenue, East Elmwood
Key Characteristics & Appeal
This is a modest, historic one-and-a-half storey home built in 1911, situated on a standard city lot in East Elmwood. Its key characteristics are defined by its age, scale, and value proposition. With 720 square feet of living space and an unrenovated basement, it is notably smaller than most homes in its immediate area, street, and across Winnipeg. The detached garage and a land area just under 4,000 sqft are practical features for the neighbourhood.
The primary appeal lies in its accessibility. With a very low assessed value and a recent 2022 sale price of $14,200, it represents one of the most entry-level priced detached properties available. This isn't a move-in-ready showhome; its appeal is for the value-conscious buyer or investor who sees potential in the structure and location, not in finished perfection. It would suit a hands-on buyer looking for a foundational investment—perhaps a first-time homeowner willing to renovate over time, an investor seeking a rental property with a low acquisition cost, or someone interested in the character of a century-old home without the premium price tag of a fully restored property. A less obvious perspective is that its established age and settled nature could mean fewer surprises than newer, quickly built homes, and its smaller size translates to lower utility costs and minimal upkeep.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the home's smaller size, age, and condition relative to the broader market. It is priced as a value-entry property, not as a comparison to modern or renovated homes.
2. What does "unrenovated basement" typically imply?
This usually means the basement is in original or utilitarian condition, likely with concrete floors, basic walls, and older mechanical systems. It presents functional space but will require investment to modernize or finish.
3. Given its age, what should I be most concerned about during an inspection?
For a home built in 1911, priority inspection areas should include the foundation, roof, electrical wiring, plumbing, and insulation. Understanding the state of these core systems is more critical than cosmetic updates.
4. Is the land size sufficient for an addition or expansion?
At 3,856 sqft, the lot is standard for the area but smaller than the city average. Any expansion would need to comply with local zoning bylaws regarding setbacks and lot coverage, so feasibility should be verified with the city.
5. How does the 2022 sale price relate to its current value?
The 2022 sale price demonstrates its position as an ultra-affordable property. Current value will be influenced by market changes, any improvements made since then, and its condition relative to similar sales in East Elmwood.
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