Property score
53.5
Fair
Overall 53.5 · Newer than most nearby homes
966 sqft (top 42%) · Built in 1971 (18 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
Living Area
Near average
9% smaller than neighborhood avg.
Year Built
Above average
18 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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53.5 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
723 Herbert Avenue — 6 amenities found within 500 m, across 4 categories, including 1 dining (nearest 237 m), 2 education (nearest 243 m), 2 parks (nearest 295 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 48% | Bottom 20% | Bottom 11% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 723 Herbert Avenue, Winnipeg
Key Characteristics & Appeal
This 966 sqft, one-storey home in East Elmwood presents a practical and updated living space. Its key feature is a renovated basement, adding valuable finished square footage to the modest main floor plan. Built in 1971, it is a notably newer construction compared to many homes on its street and in the wider neighbourhood, which may mean fewer concerns about aging core systems.
The appeal lies in its position as a solid, move-in-ready property within its immediate context. While its size is below the city-wide average, it is competitive for the area. The home’s assessed value ranks above average for Herbert Avenue, suggesting it is a well-maintained or improved property relative to its closest peers. The lot is smaller than typical for East Elmwood, resulting in lower maintenance but less private outdoor space.
This home would suit first-time buyers seeking an updated, manageable property without major renovation projects. It would also appeal to downsizers looking for a single-level layout with a finished basement for extra room or storage. The value is oriented toward living comfortably in the neighbourhood rather than offering a large yard or expansive square footage.
Frequently Asked Questions
1. How does the renovated basement add value?
It effectively increases the usable living space of this 966 sqft home, offering flexibility for a family room, home office, or additional storage, which is a significant advantage in a one-storey layout.
2. Is the smaller lot size a disadvantage?
It depends on priorities. It requires less yard maintenance, which can be a benefit for busy owners or those seeking a low-upkeep property. However, it offers less space for gardening, play, or outdoor entertaining compared to other area homes.
3. The home is newer than many in the area. What are the implications?
A 1971 build date may mean newer plumbing, electrical, and roofing materials than found in much older neighbourhood homes, potentially reducing the need for near-term major system updates.
4. How does the assessed value compare to the last sale price?
The home was last sold in 2016 for $200,000. Its current assessed value is $25,800. It is important to note that assessed value for tax purposes is not a market valuation; a professional appraisal or comparative market analysis is needed to determine current fair market value.
5. What does the "above average" ranking for assessed value on this street indicate?
It suggests that, according to municipal assessment, this property is in better condition, has more improvements, or is otherwise considered more valuable than most of the directly comparable homes on Herbert Avenue. This often points to good upkeep or prior upgrades.
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