49.4
Below average
Property score
49.4
Below average
Overall 49.4
Smaller and older than most nearby homes
756 sqft (bottom 7%)
Built in 1924 (17 yrs older than avg)
Located in a high-income area
with median household income of ~96k
Transit 74.0
3-min walk to transit with 2 nearby routes
Within 500m: 5 dining spots, 3 schools, 1 shop, and 2 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
39% 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
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
49.4 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
724 St Mary'S Road — 12 amenities found within 500 m, across 5 categories, including 5 dining (nearest 88 m), 3 education (nearest 240 m), 1 shopping (nearest 76 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 8% | Bottom 3% | Bottom 18% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Key Characteristics
This 756 sqft, one-storey home in Elm Park is defined by its practicality and position as an entry-point into a well-established neighbourhood. Built in 1924, its key appeal lies in its renovated basement and a detached garage, offering functional space beyond its modest main-floor living area. The lot is a manageable 4,851 sqft, close to the city-wide average, providing outdoor space without excessive upkeep.
Its primary appeal is value and location. With a historically low assessed value and a last sale price well below typical city averages, it represents a rare opportunity for cost-conscious entry into the Winnipeg market. It particularly suits first-time buyers, downsizers seeking a simpler footprint, or investors looking for a character home with renovation potential. A thoughtful perspective is that its smaller size and older vintage, while less common in the area, translate to significantly lower property taxes and utility costs compared to larger, newer homes—a lasting financial advantage. Its location on a main road like St. Mary's offers convenience, though buyers should weigh this against potential noise.
Frequently Asked Questions
1. How does the home's size compare to the neighbourhood?
The living area is notably smaller than most homes in Elm Park, ranking in the bottom 7% for the neighbourhood. This is the defining characteristic of the property and is reflected in its pricing.
2. What does the low assessed value mean?
The assessed value is significantly below averages for the street, neighbourhood, and city. This typically results in much lower annual property taxes, which is a considerable long-term saving for the owner.
3. Is the renovated basement a full suite?
The listing confirms a renovated basement but does not specify it as a legal suite. Buyers should verify the renovations comply with codes and understand its permitted use.
4. What are the implications of the 1924 build date?
As a century-old home, it likely has character but may require updates to major systems like wiring, plumbing, or insulation. A thorough inspection is essential.
5. How does the lot size impact the property?
At just under 5,000 sqft, the lot is manageable for maintenance and is actually close to the Winnipeg average. However, it is smaller than most lots on its own street and in Elm Park, which generally offers larger plots.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
