Property score
72.9
Good
Overall 72.9 · Larger than most nearby homes
1,219 sqft (top 25%) · Built in 1997 (1 yr newer than avg)
Located in a above-average income area with median household income of ~77.5k
Transit 74.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 1 place of worship nearby
Living Area
Above average
7% larger than neighborhood avg.
Year Built
Near average
1 yrs newer than neighborhood avg.
Mother tongue
English · 85%French · 2%
Past 10 years Elmhurst sales snapshot (~80% of all data)
73
245k
$231/sqft
1996
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72.9 is composed by the two sections below.
Property Score
Community Score
Elmhurst
How to read: Share of sales in each ~$50k price band for “elmhurst” (Condos, 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: #46110352
$78K
Median household income
$102K
Average household income
12%
Low income (LIM-AT)
0.3
Income inequality (Gini)
4.6
P90 / P10 ratio
46%
Single-person households
19%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
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
3-480 Chalfont Road — 1 amenities found within 500 m, across 1 categories.
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%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 38% | Top 8% | Top 3% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Top 22% | Top 9% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 3-480 Chalfont Road, Winnipeg
Key Characteristics & Appeal
This is a well-positioned, spacious condo in Winnipeg’s Elmhurst neighborhood. Built in 1997, the 1,219 sqft unit stands out for its above-average living space compared to most local and city-wide properties. Its most striking feature is its assessed value of $500k, which places it in the elite top 3% for the Elmhurst area and city-wide, indicating a premium valuation relative to peers. The property includes a renovated basement, adding functional space. It last sold in September 2023 for $490k, following a prior sale in 2020 for $390k, reflecting significant appreciation.
The appeal lies in its combination of generous square footage, recent updates, and a strong market position that suggests a desirable location or superior condition within its building complex. It would suit buyers looking for a move-in-ready condo with more room than typical units, and who value a property with metrics that perform highly against benchmarks. It may also attract value-conscious investors or owners who appreciate the stability of a late-90s build that has undergone key renovations.
Frequently Asked Questions
1. What does the "Elite" top 3% assessed value ranking mean?
It means this unit’s official assessed value is higher than 97% of comparable properties across Winnipeg. This typically reflects a combination of factors like size, condition, improvements, and desirable location within its market.
2. Is the renovated basement included in the living area square footage?
No, the listed living area of 1,219 sqft typically refers to above-grade space. The renovated basement is an additional feature, providing extra functional rooms or storage.
3. The sale price in 2023 was $490k, but the assessed value is $500k. Why the difference?
Assessed value is for municipal tax purposes and is based on a mass appraisal system from a prior date, not necessarily the current market price. A close alignment suggests the sale was near the municipality’s valuation at that time.
4. The unit seems to be part of a larger complex at 480 Chalfont. What does that imply?
The address suggests a townhouse-style or multi-unit condo building. The presence of many directly neighboring units (e.g., 2-480, 4-480) indicates a well-established complex, which can offer community amenities and shared maintenance responsibilities.
5. Given the sharp price increase from 2020 to 2023, is this price growth sustainable?
While past performance shows strong appreciation, future growth depends on broader market conditions, the building’s maintenance, and condo fee stability. The premium assessment suggests solid fundamentals, but buyers should consider their own long-term valuation outlook.
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