Property score
38.1
Below average
Overall 38.1 · Smaller and older than most nearby homes
572 sqft (bottom 1%) · Built in 1947 (6 yrs older than avg)
Located in a above-average income area with median household income of ~74k
Transit 88.0 · 1-min walk to transit with 3 nearby routes · Within 500m: 2 dining spots, 3 schools, 3 parks, and 1 place of worship nearby
Living Area
Below average
46% smaller than neighborhood avg.
Year Built
Below average
6 yrs older than neighborhood avg.
Mother tongue
English · 64%Tagalog · 9%
Past 10 years East Elmwood sales snapshot (~80% of all data)
460
277.7k
$225/sqft
1953
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38.1 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: #46110803
$74K
Median household income
$77K
Average household income
13%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
25%
Single-person households
26%
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
759 Talbot Avenue — 9 amenities found within 500 m, across 4 categories, including 2 dining (nearest 399 m), 3 education (nearest 413 m), 3 parks (nearest 160 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 49% | Bottom 33% | Bottom 15% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Key Characteristics
This 1947 one-storey home in East Elmwood presents a specific and compelling value proposition. Its primary appeal lies in the combination of a renovated basement and a very generous 4,178 sqft lot, which ranks well above average for the street and neighbourhood. The home itself is compact at 572 sqft of living space, placing it among the smallest in the area, which is a key consideration.
This property would suit a pragmatic, value-oriented buyer. It's ideal for a first-time purchaser comfortable with a modest footprint who sees potential in the large yard for gardening, expansion, or outdoor living. It could also appeal to an investor looking for a character home with a renovated basement suite potential (subject to zoning verification), given the significant disparity between the low assessed value and recent sale prices in the area. The appeal is less about the size of the house and more about the possibilities of the land and the updated basement space.
Frequently Asked Questions
1. Why is the living area so small compared to the lot size?
This is characteristic of many post-war homes in the area, where modest houses were built on sizeable plots. It represents an opportunity for future expansion (like an addition) or simply for enjoying a larger-than-average private outdoor space.
2. The assessed value seems very low. What does this mean?
Municipal assessed value is for tax purposes and often lags behind market value. The fact it sold for $220k in 2022 is a much stronger indicator of its market worth. The low assessment, however, can mean relatively lower property taxes.
3. What does "renovated basement" likely include?
While specifics require viewing, in a home of this era and size, a renovated basement typically means it has been finished into a livable space, possibly with a recreation room, bathroom, or laundry area. It's crucial to verify the quality, permits, and whether it's developed as a legal suite.
4. What are the implications of having no garage?
This is common for the neighbourhood. The large lot provides ample space for off-street parking and the potential to add a garage or shed later, which is a notable advantage over properties with smaller lots.
5. How does the 1947 build year affect the home?
While the structure is nearly 80 years old, the renovated basement suggests some updates. Buyers should budget for and inspect age-related components like the roof, wiring, plumbing, and foundation, which are typical considerations for any character home. Its age ranks it as newer than many in the wider Winnipeg area.
