49.4
Below average
Property score
49.4
Below average
Overall 49.4
Smaller and older than most nearby homes
739 sqft (bottom 5%)
Built in 1927 (14 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 4 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
41% smaller than neighborhood avg.
Year Built
Below average
14 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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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
728 St Mary'S Road — 14 amenities found within 500 m, across 5 categories, including 5 dining (nearest 72 m), 3 education (nearest 264 m), 1 shopping (nearest 50 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 25% | Top 10% | Top 23% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Key Characteristics
This one-storey home at 728 St Mary's Road in Winnipeg's Elm Park neighbourhood presents a specific and practical opportunity. Its key characteristic is its compact size, with a living area of 739 sqft that is notably smaller than most comparable homes in the area, city, and even on its own street. Built in 1927, it offers vintage charm but will likely require updates. The lot size is modest for Elm Park but closer to the citywide average. Interestingly, while the home itself is smaller, its assessed value is consistently around the median benchmark for all comparison groups, suggesting the value is anchored in its desirable location rather than its square footage.
The appeal lies in its efficiency and location. It suits a first-time buyer, downsizer, or pragmatic investor seeking an entry point into a well-established neighbourhood without a large footprint or excessive maintenance. It’s a home for those who prioritize location over size and see potential in a property where the land and neighbourhood contribute significantly to the value proposition. A less obvious perspective is that this smaller, character home could be an opportunity to live more sustainably with lower utility costs and a simpler footprint, all while being part of a mature community.
Frequently Asked Questions
1. Is the basement finished?
No, the basement is noted as existing but not renovated, offering potential for additional living space, storage, or mechanical upgrades.
2. How does the sale price from 2022 relate to the current assessed value?
The home sold for $450k in April 2022, which is significantly higher than its current assessed value of approximately $34k. It's important to understand that municipal assessed value for property taxes is not a market valuation; the market price is determined by current buyer demand.
3. What does the ranking data mean for a buyer?
The rankings show this home is consistently below average in size and age compared to peers, but around average in assessed value. This highlights that you are paying primarily for the location in Elm Park, not for a large or modern structure.
4. What is the parking situation?
The listing specifies there is no garage. Parking would be limited to driveway or on-street, which is a key consideration for potential buyers.
5. Who might this property not suit?
It may not suit buyers looking for a move-in-ready, modern home with ample indoor space, multiple bathrooms, or dedicated parking like a garage. Families needing multiple bedrooms or more living area would likely find it too compact.
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