Property score
58.2
Fair
Overall 58.2 · Smaller and older than most nearby homes
916 sqft (bottom 27%) · Built in 1927 (14 yrs older than avg)
Located in a high-income area with median household income of ~95k
Transit 80.0 · 4-min walk to transit with 3 nearby routes · Within 500m: 1 school, and 6 parks nearby
Living Area
Below average
27% smaller than neighborhood avg.
Year Built
Below average
14 yrs older than neighborhood avg.
Mother tongue
English · 87%French · 5%
Past 10 years Elm Park sales snapshot (~80% of all data)
220
401.5k
$424/sqft
1941
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58.2 is composed by the two sections below.
Property Score
Community Score
Elm Park
How to read: Share of sales in each ~$50k price band for “elm park” (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: #46110617
$95K
Median household income
$108K
Average household income
5%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
23%
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
118 Elm Park Road — 7 amenities found within 500 m, across 2 categories, including 1 education (nearest 211 m), 6 parks (nearest 289 m).
Elm Park · WPS public data · 2026
Annual incidents
8
2026
vs. city avg
-73%
relative to avg
Year-over-year
▼ -92%
vs. prior year
Primary type
Property
50%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 23% | Bottom 20% | Bottom 31% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 118 Elm Park Road
Section 1: Key Characteristics & Appeal
This one-storey home, built in 1927, is a classic character property in Winnipeg's Elm Park neighborhood. Its key features include a renovated basement and a detached garage. With 916 sqft of living space, the house itself is notably cozier than area averages, positioning it as a more manageable and potentially efficient option. The lot, at just over 5,300 sqft, is a comfortable size for the area.
The appeal here lies in its established location and its position as a value-conscious entry into a mature neighborhood. It suits buyers looking for a solid "first home" or a downsizing opportunity without leaving a sought-after community. It’s a practical choice for those who prioritize location and lot over square footage, and who see the charm and potential in a well-maintained older home. The renovated basement adds valuable functional space, offsetting the modest main-floor area. A thoughtful perspective is that its below-average metrics for size and assessed value on its own street suggest it may offer relative affordability within a specific, desirable enclave, appealing to the buyer who values the address itself.
Section 2: Frequently Asked Questions
1. Is the house particularly small for the area?
Yes. At 916 sqft, the living area is below the average for both Elm Park Road and the broader Elm Park neighborhood. This makes it one of the more compact homes on the block.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. This is a key detail to clarify with the seller or agent, as it could range from updated finishes to the addition of legal living space.
3. How does the property's value compare?
Its assessed value is below the average for its immediate street but aligns more closely with the neighborhood and city-wide averages. This suggests it is priced in line with the broader market, but may represent a value relative to its direct neighbors.
4. What is the significance of the lot size?
At 5,313 sqft, the land area is typical for Elm Park. It provides a standard urban yard—not the largest on the street, but perfectly adequate for gardening, recreation, or future expansion.
5. The home is almost 100 years old. What should I consider?
While the renovated basement is a plus, a home from 1927 will have aging core components. A thorough inspection is essential to understand the condition of the foundation, roof, plumbing, electrical systems, and overall structure. This is crucial for budgeting future maintenance.
