Property score
52.2
Fair
Overall 52.2 · Compared with neighbourhood average
967 sqft (top 41%) · Built in 1954 (1 yr newer than avg)
Located in a above-average income area with median household income of ~73.5k
Transit 80.0 · 4-min walk to transit with 3 nearby routes · Within 500m: 2 dining spots, 1 school, and 2 parks nearby
Living Area
Near average
9% smaller than neighborhood avg.
Year Built
Near average
1 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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52.2 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 Nairn Avenue — 5 amenities found within 500 m, across 3 categories, including 2 dining (nearest 156 m), 1 education (nearest 297 m), 2 parks (nearest 309 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 14% | Top 34% | Bottom 29% |
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 723 Nairn Avenue in Winnipeg's East Elmwood neighborhood presents a practical and value-conscious opportunity. Its key appeal lies in a balanced offering: a renovated basement adds modern living space to the 967 sqft main floor, while the detached garage and an above-average lot size for the street (4,372 sqft) provide valuable utility and outdoor potential. The home sold in January 2025 for $270k, a price point that reflects its below-average assessed value compared to both the immediate area and the wider city, suggesting room for equity growth.
It suits first-time buyers seeking a move-in-ready home with a finished basement, or investors looking for a stable rental property in a well-established neighborhood. A thoughtful perspective is that while the living space is modest city-wide, it is competitively sized for East Elmwood, offering a more manageable and efficient layout without excessive upkeep. The 1954 build date is typical for the area, meaning renovation needs and styles are predictable and often easier to budget for.
Frequently Asked Questions
1. How does the sale price compare to the assessed value?
The home sold for $270,000 in January 2025, which is significantly higher than its municipal assessed value of $21,900. This is common, as assessed value is used for tax purposes and often doesn't reflect current market value.
2. Is the lot size a notable feature?
Yes. At 4,372 sqft, the lot is larger than most on Nairn Avenue itself (ranking in the top 23%), offering more private outdoor space than many neighboring properties.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated, but specifics on the finish, rooms, or permits should be verified by a buyer's inspection and disclosure review to understand the full scope and quality.
4. How does this home fit within the East Elmwood neighborhood?
Its living area and year built are very average for East Elmwood, meaning it's a typical home for the area. Its assessed value, however, is below the neighborhood average, which may have contributed to its market appeal.
5. What are the implications of a detached garage?
A detached garage provides secure parking and storage but requires going outdoors to access the main house. It can also offer more flexibility for a workshop or future projects separate from the living quarters.
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