Property score
70.8
Good
Overall 70.8 · Larger than most nearby homes
1,560 sqft (top 19%) · Built in 1939 (2 yrs older than avg)
Located in a high-income area with median household income of ~96k
Transit 80.0 · 5-min walk to transit with 3 nearby routes · Within 500m: 4 dining spots, 3 schools, 1 shop, and 3 parks nearby
Living Area
Above average
25% larger than neighborhood avg.
Year Built
Below average
2 yrs older than neighborhood avg.
Mother tongue
English · 87%French · 2%
Past 10 years Elm Park sales snapshot (~80% of all data)
220
401.5k
$424/sqft
1941
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70.8 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: #46110614
$96K
Median household income
$91K
Average household income
5%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
31%
Single-person households
23%
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
56 Elm Park Road — 12 amenities found within 500 m, across 5 categories, including 4 dining (nearest 403 m), 3 education (nearest 287 m), 1 shopping (nearest 340 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 | Top 43% | Top 31% | Top 41% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
56 Elm Park Road is a well-proportioned, two-storey home in Winnipeg's established Elm Park neighbourhood. Its key appeal lies in offering above-average living space within a character home, complemented by a renovated basement. At 1,560 sqft, the home is notably larger than many comparable properties on its street and in the wider area. It sits on a standard-sized lot of just over 5,300 sqft. Built in 1939, the home is older than many peers, which may reflect its architectural character but also suggests potential considerations around updates. The detached garage and lack of a pool are typical for the area. This property would suit buyers looking for a spacious, classic home in a mature neighbourhood, who appreciate having renovation work already started with the basement, and who value space over a newer build. It’s a practical choice for a growing family or someone wanting room to grow, without the premium of a newly constructed home.
Frequently Asked Questions
How does the home’s size compare practically?
The living area is in the top 20% on its own street, meaning it offers more interior space than 80% of similar nearby homes. This suggests strong value for room count and functional living areas compared to immediate alternatives.
What does the assessed value indicate?
The assessed value is above average for Elm Park and the specific street, but around the city-wide average. This often reflects the desirability of the neighbourhood itself, positioning the home as a solid, mid-range property within a sought-after area rather than a premium-priced outlier.
Are there any considerations with a 1939 build?
While the home has charm, its age places it in the older third of city-wide properties. Prospective buyers should pay particular attention to the condition of major systems (roof, wiring, plumbing, foundation) that may be original or nearing their lifespan, even with a renovated basement.
How does the lot size impact the property?
The land area is perfectly average for the street and neighbourhood. This means typical backyard space for the area—adequate for gardening or recreation, but not an exceptionally large or small parcel. It aligns with the established, neighbourhood feel of Elm Park.
What is the context of the 2020 sale price?
The sale price from late 2020 was around the average mark for its peer group. Market conditions have shifted since then, so this figure is a historical data point rather than a direct indicator of current value. It does, however, show the property has changed hands relatively recently.
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