23 Cheltenham Cove

Elmhurst, Winnipeg

Property score

79.0

Good

Overall 79.0 · Newer than most nearby homes

1,449 sqft (bottom 49%) · Built in 1984 (4 yrs newer than avg)

Located in a high-income area with median household income of ~127k

Transit 50.0 · 4-min walk to transit with 1 nearby route · Within 500m: 1 park, and 1 place of worship nearby

Living Area

Near average

5% smaller than neighborhood avg.

Year Built

Above average

4 yrs newer than neighborhood avg.

Mother tongue

English · 87%French · 2%

Past 10 years Elmhurst sales snapshot (~80% of all data)

Sold Count

438

Median price

477k

$/sqft

$391/sqft

Avg build year

1980

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Property score

79.0 is composed by the two sections below.

Property Score

73.6Good
Living Area1,449 sqft75Good
Year Built198473Good
Lot Size6,108 sqft81Excellent
Neighbourhood Sales Activity37Low

Community Score

87.2Excellent
Household Income91Excellent
Education Level82Excellent
Housing Stress93Excellent
Core Housing Need100Excellent
Employment Health60Fair

Neighbourhood Sales

Elmhurst

How to read: Share of sales in each ~$50k price band for “elmhurst” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110356

Community deep dive

$127K

Median household income

$164K

Average household income

4%

Low income (LIM-AT)

0.3

Income inequality (Gini)

3.4

P90 / P10 ratio

11%

Single-person households

41%

Families with children

Population, labour & age

Population (2021)463
Labour force participation rate62%
Median age45.2
Avg household size2.7
Unemployment rate10%
Population density1543 / km²

Households & income

Low income (LIM-AT, % pop.)4%
Single-person households11%
Couple families with children41%
Median household income (2020)$127K

Housing

Renter households0%
Condominium dwellings0%
Median dwelling value (owners)$448K

Diversity, education & language

Immigrants (share of pop.)18%
Visible minority5%
Bachelor's or higher (25–64)42%
Mother tongue (1st)English · 86%
Mother tongue (2nd)French · 2%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

around average
1,449 sqft
0255075100
Same streetBottom 12%Same areaBottom 49%CitywideTop 33%
Same street · Cheltenham Cove
#7 / 8
Bottom 12% · Avg 1,516 sqft
Same area · Elmhurst
#751 / 1,480
Bottom 49% · Avg 1,523 sqft
Citywide · Winnipeg
#64,814 / 194,458
Top 33% · Avg 1,342 sqft

Tax-Assessed Value

above average
442k
0255075100
Same streetBottom 37%Same areaBottom 47%CitywideTop 30%
Same street · Cheltenham Cove
#5 / 8
Bottom 37% · Avg 468.3k
Same area · Elmhurst
#780 / 1,480
Bottom 47% · Avg 460.2k
Citywide · Winnipeg
#57,858 / 194,458
Top 30% · Avg 390.1k

Year Built

above average
1984
0255075100
Same streetTop 13%Same areaTop 22%CitywideTop 30%

Lot Size

above average
6,108 sqft
0255075100
Same streetBottom 1%Same areaBottom 32%CitywideTop 28%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

23 Cheltenham Cove — 2 amenities found within 500 m, across 2 categories, including 1 parks (nearest 128 m).

Search radius
🌳Parks1
Worship1

Crime & Safety

Elmhurst · WPS public data · 2026

Annual incidents

5

2026

vs. city avg

-83%

relative to avg

Year-over-year

-92%

vs. prior year

Primary type

Property

80%

Sales History

Sold 7/2022CA$500k–550k
Sold price

Same street

Bottom 1%

Same area

Top 24%

City-wide

Top 15%

Related homes

Highlights & common questions: 23 Cheltenham Cove, Winnipeg

Property Overview: 23 Cheltenham Cove, Winnipeg

Key Characteristics & Appeal

This is a well-established, two-storey family home in Elmhurst, built in 1984 and situated on a generous 6,108 sqft lot. With 1,449 sqft of living space, a finished basement, and an attached garage, it offers practical suburban living. The home’s recent sale in July 2022 for $507,000 provides a clear, modern benchmark for its market value.

Its appeal lies in its balance of space, location, and proven value. The lot size is a significant asset, offering ample outdoor room in a mature neighbourhood. The rankings provided show a home that, while not the largest on its street, holds a strong position city-wide—particularly in lot size (top 28% in Winnipeg) and recent sale price (top 17% in Winnipeg). This suggests a property that outperforms many in broader comparisons, offering a relative value within its immediate area. It would suit buyers looking for a move-in ready, low-maintenance home in a quiet cove, ideal for small families, downsizers seeking single-level living potential (with main-floor primary bedroom), or value-focused investors attracted by its solid resale history and desirable lot.

Frequently Asked Questions

1. How does the 2022 sale price relate to the current assessed value?
The home sold for $507,000 in July 2022, which is approximately 15% above its current municipal assessment of $442,000. This indicates the assessed value may not reflect recent market trends and the price a willing buyer paid fairly recently.

2. What do the provided rankings actually mean?
They show how this property compares to others in three areas: its immediate street, the broader Elmhurst community, and all of Winnipeg. For example, being in the top 28% city-wide for lot size means 72% of Winnipeg properties have a smaller lot, highlighting a key strength.

3. Is the age of the home (42 years) a concern?
Built in 1984, the home is in the middle of its expected lifespan. While major components like the roof, windows, and HVAC may be due for inspection or updates, the rankings show it is newer than 66% of Winnipeg homes, which is a positive. A thorough inspection is always advised.

4. How does the living space compare to the neighbourhood?
At 1,449 sqft, it is larger than 69% of Winnipeg homes but is actually one of the more modestly sized homes on its specific street (ranking 7th out of 8). This suggests a street of larger homes, offering a potential value entry point into a well-established enclave.

5. What is the significance of the finished basement?
A finished basement adds flexible living space without increasing the home’s official footprint or property taxes proportionally. It can serve as a family room, home office, or guest space, enhancing the home’s functionality beyond its stated square footage.

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