52.1
Fair
Property score
52.1
Fair
Overall 52.1
Newer than most nearby homes
968 sqft (top 41%)
Built in 1963 (10 yrs newer than avg)
Located in a above-average income area
with median household income of ~73.5k
Transit 88.0
2-min walk to transit with 3 nearby routes
Within 500m: 1 dining spot, 2 schools, 2 parks, and 1 place of worship nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
9% smaller than neighborhood avg.
Year Built
Above average
10 yrs newer 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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52.1 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
721 Herbert Avenue — 6 amenities found within 500 m, across 4 categories, including 1 dining (nearest 232 m), 2 education (nearest 234 m), 2 parks (nearest 294 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 | Top 45% | Bottom 27% | Bottom 13% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This one-storey home at 721 Herbert Avenue in East Elmwood presents a practical and well-maintained living option. Its key appeal lies in its relative modernity compared to its immediate surroundings, having been built in 1963, which is newer than most homes on its street and in the neighbourhood. The living space is a comfortable 968 square feet with a renovated basement, offering functional space for a small household. The assessed value is notably above average for the street, suggesting solid condition and updates. The lot, while smaller than many in Winnipeg, is a manageable size for low-maintenance outdoor living.
This property would suit first-time buyers seeking a move-in-ready home without the upkeep of a century-old property, or downsizers looking for a single-level layout in an established neighbourhood. Its above-average condition for the area offers a balance of affordability and immediate livability.
Frequently Asked Questions
1. How does this home compare in size to others nearby?
At 968 sqft, the living area is slightly above the average for Herbert Avenue and typical for East Elmwood, but below the Winnipeg city-wide average. It offers a comfortable footprint for the neighbourhood.
2. The lot seems smaller than average. Is that a concern?
The 3,015 sqft lot is average for Herbert Avenue but smaller than most in East Elmwood and Winnipeg. This can be a positive for buyers seeking lower yard maintenance while still having private outdoor space.
3. What does the assessed value tell us about the property?
With an assessed value ranking above average for the street, it indicates that the home’s condition, improvements (like the renovated basement), or features are likely viewed more favorably than many direct neighbours, which is a positive signal of its upkeep.
4. The home was last sold in 2019. What should I consider?
The 2019 sale price of $210k provides a recent market benchmark. Investigating what updates the current owners have made since then will be important to understand its current value.
5. How does the 1963 build year affect the home?
Built in 1963, this home is newer than most on its block and in East Elmwood. This often means more modern construction materials, electrical systems, and layout efficiencies compared to pre-war homes, potentially reducing immediate renovation needs.
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