Property score
51.1
Fair
Overall 51.1 · Smaller and older than most nearby homes
756 sqft (bottom 7%) · Built in 1919 (22 yrs older than avg)
Located in a high-income area with median household income of ~98k
Transit 74.0 · 4-min walk to transit with 2 nearby routes · Within 500m: 3 dining spots, 1 school, 1 healthcare facility, and 1 park nearby
Living Area
Below average
39% smaller than neighborhood avg.
Year Built
Below average
22 yrs older than neighborhood avg.
Mother tongue
English · 80%French · 5%
Past 10 years Elm Park sales snapshot (~80% of all data)
220
401.5k
$424/sqft
1941
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51.1 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: #46110615
$98K
Median household income
$117K
Average household income
7%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.3
P90 / P10 ratio
30%
Single-person households
21%
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
24 Mager Drive — 11 amenities found within 500 m, across 5 categories, including 3 dining (nearest 322 m), 1 education (nearest 397 m), 1 healthcare (nearest 125 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 1% | Bottom 1% | Bottom 15% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 24 Mager Drive, Elm Park, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in the established Elm Park neighborhood is defined by its modesty and potential. Built in 1919, it is a smaller property (756 sqft living area) on a decent-sized lot (5,541 sqft) that is actually above average for Elm Park. Its key characteristic is its very low municipal assessed value ($24,600), which places it among the most affordable properties in the city. The home has a basement, but it is noted as not being renovated, and there is no garage.
The appeal lies squarely in its value as a land opportunity or a foundational project. For the price, a buyer secures a foothold in a mature neighborhood, often a challenge in today's market. The lot size presents a clear opportunity for expansion, a garden, or future redevelopment, subject to zoning. This property would suit a specific type of buyer: a hands-on renovator looking for a blank canvas, an investor considering a hold-and-build strategy, or someone seeking absolute minimal property taxes. It is not suited for those seeking move-in-ready conditions or standard modern amenities.
A less obvious perspective is that a home of this age and condition in a neighborhood like Elm Park offers a unique chance to preserve a piece of local history through a thoughtful restoration, rather than a complete teardown.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the last sale price?
The home last sold for $220,000 in 2017. The dramatically lower current assessed value likely reflects its condition as a non-renovated property and is used for municipal tax purposes only. The market sale price will be determined by current conditions, land value, and buyer demand.
2. What does "basement, not renovated" typically imply?
This usually indicates a foundational, unfinished space. Buyers should budget for potential moisture management, insulation, and updating of electrical or plumbing systems if they plan to develop it. An inspection is essential.
3. Is the lot large enough to build a new home?
At just over 5,500 sqft, the lot is a good size for the area. Whether it can accommodate a new build depends on Winnipeg zoning bylaws (setbacks, floor area ratios) and should be verified with the city planning department.
4. How does the living area compare to nearby homes?
At 756 sqft, the living area is significantly below the averages for Mager Drive (~1,409 sqft), Elm Park (~1,247 sqft), and Winnipeg overall (~1,342 sqft). This highlights the home's compact size and confirms its status as a candidate for expansion.
5. What are the implications of having no garage?
Parking will be limited to driveway or street. For a renovation project, this also means no covered storage for tools or materials, and future addition of a garage would consume a portion of the valuable lot space.
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