Property score
50.6
Fair
Overall 50.6 · Smaller than most nearby homes
728 sqft (bottom 4%) · Built in 1946 (5 yrs newer than avg)
Located in a high-income area with median household income of ~96k
Transit 88.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 7 dining spots, 2 schools, 2 shops, and 2 parks nearby
Living Area
Below average
42% smaller than neighborhood avg.
Year Built
Near average
5 yrs newer 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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50.6 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
708 St Mary'S Road — 16 amenities found within 500 m, across 6 categories, including 7 dining (nearest 176 m), 2 education (nearest 157 m), 2 shopping (nearest 178 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 13% | Bottom 6% | Bottom 20% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 13% | Bottom 6% | Bottom 20% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 708 St Mary's Road, Elm Park, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1946, situated on a standard city lot in the established Elm Park neighbourhood. With 728 sqft of living space, it is notably smaller than most homes on its street and in the wider area. The property features a detached garage and an unfinished basement. Its most defining characteristic is its affordability, reflected in a significantly below-average assessed value compared to local and city-wide benchmarks. Recent sale prices have remained stable, indicating a clear and consistent market value.
The primary appeal lies in its position as a genuine entry-point into homeownership in a mature neighbourhood. It suits buyers with a limited budget who prioritize location over size, such as first-time buyers, downsizers, or investors looking for a straightforward rental property. Its smaller scale also translates to lower utility costs and less maintenance. A thoughtful perspective for the right buyer is viewing the unfinished basement not as a drawback, but as a blank canvas for future expansion or storage, adding potential value over time without the premium of a previously renovated price.
Section 2: Frequently Asked Questions
1. Is the house in need of major updates?
The listing notes the basement is "not renovated," suggesting the home is likely in original or functional condition. Buyers should budget for potential updates to mechanical systems, windows, or insulation common for a house of this age.
2. How does the small living area impact daily life?
The floorplan will be efficient and cozy. It necessitates a minimalist lifestyle or creative use of space, but can be ideal for one or two people. The lot size is fairly typical, offering outdoor space to compensate.
3. Why is the assessed value so much lower than the city average?
The assessed value is primarily a function of the home's modest size, age, and basic condition compared to the broader market. It reflects the property's current state rather than the land value alone.
4. What is the Elm Park neighbourhood like?
Elm Park is a long-established, quiet residential area with a mix of older and newer homes. Its appeal is its stability and convenience, not dramatic revitalization. Residents value its mature tree canopy and sense of community.
5. Has the property's value been stable?
Yes. The home sold for the same price in 2020 and 2021, suggesting a well-established market price for what it offers, without the volatility seen in some segments.
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