Property score
47.5
Below average
Overall 47.5 · Smaller and older than most nearby homes
684 sqft (bottom 1%) · Built in 1924 (17 yrs older than avg)
Located in a high-income area with median household income of ~96k
Transit 70.0 · 6-min walk to transit with 3 nearby routes · Within 500m: 2 dining spots, 2 schools, 1 shop, and 3 parks nearby
Living Area
Below average
45% smaller than neighborhood avg.
Year Built
Below average
17 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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47.5 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
72 Elm Park Road — 9 amenities found within 500 m, across 5 categories, including 2 dining (nearest 487 m), 2 education (nearest 178 m), 1 shopping (nearest 427 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
72 Elm Park Road is a compact, one-storey home built in 1924, situated on a standard-sized lot in Winnipeg's Elm Park neighbourhood. Its key characteristic is its modest 684 sqft living area, which is notably smaller than most homes on its street, in the area, and across the city. The home features a renovated basement and does not include a garage or pool. Its assessed value is positioned below average for its immediate surroundings but is more competitive when viewed citywide. The appeal here is grounded in opportunity rather than grandeur. It represents one of the more accessible entry points into a established neighbourhood, suited for a first-time buyer, an investor, or someone seeking a lower-maintenance footprint without sacrificing outdoor space. The renovated basement adds functional living area, making the overall utility greater than the main floor square footage suggests. This is a property for a pragmatic buyer who values location and lot potential over move-in size, and who sees the below-average metrics not as drawbacks, but as the foundation for value.
Frequently Asked Questions
1. Is the house too small?
At 684 sqft, the main living area is significantly smaller than the neighbourhood average. However, the renovated basement provides additional finished space, which helps offset the compact main floor. It would suit a single person, a couple, or someone comfortable with efficient living spaces.
2. Why is the assessed value lower than many neighbours?
The assessed value reflects the home's smaller size, older age (1924), and lack of certain features like a garage. It ranks higher citywide than it does within Elm Park itself, indicating you are paying more for the location and lot than for the structure's current state.
3. What is the potential here?
The primary potential lies in the land and location. The lot is a standard size for the area. For the right buyer, the existing structure could be expanded, or the property could be a long-term hold in a desirable neighbourhood. The recent basement renovation is a positive update to the home's utility.
4. How does not having a garage impact daily life?
This means relying on street parking and no enclosed storage for vehicles or belongings. This is a common trade-off for older homes and is a factor to weigh against the neighbourhood's amenities and character.
5. The home is 100 years old. What should I be concerned about?
While the basement has been renovated, a home of this age will likely have older major systems (like plumbing, electrical, and the roof). A thorough inspection is essential to understand the condition and to budget for potential updates that align with modern standards.
