Property score
51.9
Fair
Overall 51.9 · Smaller but newer than most nearby homes
838 sqft (bottom 30%) · Built in 1957 (4 yrs newer than avg)
Located in a above-average income area with median household income of ~74k
Transit 74.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, 1 school, 5 parks, and 1 place of worship nearby
Living Area
Below average
21% smaller than neighborhood avg.
Year Built
Above average
4 yrs newer 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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51.9 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
981 Herbert Avenue — 8 amenities found within 500 m, across 4 categories, including 1 dining (nearest 218 m), 1 education (nearest 295 m), 5 parks (nearest 100 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 18% | Top 44% | Bottom 23% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 981 Herbert Avenue, East Elmwood
Key Characteristics & Appeal
This one-storey home on Herbert Avenue presents a compelling mix of space, value, and potential. Its most standout feature is the exceptionally large lot of over 8,200 square feet, placing it in the top 3% of properties on its street and the top 1% within East Elmwood. This offers rare, expansive outdoor space for gardens, recreation, or future expansion in a city setting. The house itself, built in 1957, is newer than many in the immediate area and features a renovated basement, adding functional living space to the 838 sqft main floor. While the living area is modest compared to the city-wide average, its assessed value is notably strong for the neighbourhood, suggesting good relative value and solid fundamentals within its local market.
The appeal lies in this balance: it’s a property with a premium asset (the land) paired with a manageable, updated home. It suits practical buyers looking for a long-term hold—first-time homeowners, small families, or downsizers who prioritize private outdoor space over a large interior. It’s also a smart candidate for value-conscious investors or buyers with future renovation or addition plans, given the generous lot size and the home's above-average condition for its vintage in the area.
Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value is above average for both Herbert Avenue and the broader East Elmwood neighbourhood, ranking in the top 29%. This indicates it is viewed as a higher-value property within its local context, despite having a below-average living area for the city as a whole.
2. What does the "Elite" ranking for land area mean?
This means the lot size of 8,230 sqft is among the very largest available. It ranks 2nd out of 78 on Herbert Avenue and 17th out of 1,163 in East Elmwood, offering significantly more yard space than nearly all comparable properties.
3. Is the living space too small?
At 838 sqft, the main living area is around the local average for similar homes. The renovated basement provides additional finished space, making the total usable square footage more comfortable. It’s a configuration that prioritizes lot size over interior size.
4. What is the significance of the 1957 build year?
Built in 1957, the home is newer than most on its street and in East Elmwood, where many homes are from the 1930s and 40s. This can sometimes mean updated core systems and less immediate concern for the major repairs often associated with pre-war construction.
5. Was the last sale price typical?
The home sold in June 2022 for $25,200. At that time, this price was in the top 20% for the street, reflecting a strong sale value that aligns with its above-average assessed value for the area.
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