538 Centennial Street

J. B. Mitchell, Winnipeg

Property score

65.2

Good

Overall 65.2 · Larger but older than most nearby homes

1,258 sqft (top 21%) · Built in 1950 (4 yrs older than avg)

Located in a above-average income area with median household income of ~72.5k

Transit 88.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 4 dining spots, 2 schools, 2 healthcare facilitys, and 1 shop nearby

Living Area

Above average

12% larger than neighborhood avg.

Year Built

Below average

4 yrs older than neighborhood avg.

Mother tongue

English · 62%Punjabi · 4%

Past 10 years J. B. Mitchell sales snapshot (~80% of all data)

Sold Count

123

Median price

375k

$/sqft

$469/sqft

Avg build year

1954

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Property score

65.2 is composed by the two sections below.

Property Score

60.2Fair
Living Area1,258 sqft66Good
Year Built195030Low
Lot Size5,420 sqft67Good
Neighbourhood Sales Activity90Excellent

Community Score

72.8Good
Household Income74Good
Education Level91Excellent
Housing Stress30Low
Core Housing Need50Fair
Employment Health96Excellent

Neighbourhood Sales

J. B. Mitchell

How to read: Share of sales in each ~$50k price band for “j. b. mitchell” (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: #46110371

Community deep dive

$73K

Median household income

$75K

Average household income

20%

Low income (LIM-AT)

0.3

Income inequality (Gini)

4.0

P90 / P10 ratio

37%

Single-person households

18%

Families with children

Population, labour & age

Population (2021)650
Labour force participation rate80%
Median age29.8
Avg household size2.2
Unemployment rate3%
Population density7222 / km²

Households & income

Low income (LIM-AT, % pop.)20%
Single-person households37%
Couple families with children18%
Median household income (2020)$73K

Housing

Renter households79%
Condominium dwellings3%
Median dwelling value (owners)$314K

Diversity, education & language

Immigrants (share of pop.)24%
Visible minority40%
Bachelor's or higher (25–64)56%
Mother tongue (1st)English · 61%
Mother tongue (2nd)Punjabi · 3%

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

Rankings

Living Area

above average
1,258 sqft
0255075100
Same streetTop 24%Same areaTop 21%CitywideTop 45%
Same street · Centennial Street
#85 / 347
Top 24% · Avg 1,117 sqft
Same area · J. B. Mitchell
#66 / 307
Top 21% · Avg 1,121 sqft
Citywide · Winnipeg
#87,521 / 194,458
Top 45% · Avg 1,342 sqft

Tax-Assessed Value

above average
486k
0255075100
Same streetTop 12%Same areaTop 8%CitywideTop 22%
Same street · Centennial Street
#43 / 347
Top 12% · Avg 388.2k
Same area · J. B. Mitchell
#25 / 307
Top 8% · Avg 403.5k
Citywide · Winnipeg
#42,982 / 194,458
Top 22% · Avg 390.1k

Year Built

around average
1950
0255075100
Same streetBottom 35%Same areaBottom 10%CitywideBottom 28%

Lot Size

above average
5,420 sqft
0255075100
Same streetTop 24%Same areaTop 43%CitywideTop 45%

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

538 Centennial Street — 15 amenities found within 500 m, across 8 categories, including 4 dining (nearest 251 m), 2 education (nearest 429 m), 2 healthcare (nearest 140 m).

Search radius
🍽️Dining4
🏫Education2
🏥Healthcare2
🛒Shopping1
🌳Parks3
💪Sports1
🏦Finance1
Worship1

Crime & Safety

J. B. Mitchell · WPS public data · 2026

Annual incidents

3

2026

vs. city avg

-90%

relative to avg

Year-over-year

-98%

vs. prior year

Primary type

Property

67%

Sales History

Sold 8/2017CA$400k–450k
Sold price

Same street

Top 32%

Same area

Top 24%

City-wide

Top 31%

Related homes

Highlights & common questions: 538 Centennial Street, Winnipeg

Property Overview: 538 Centennial Street, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home in the J.B. Mitchell neighbourhood presents a solid, grounded opportunity. Its key strength lies in its above-average assessed value relative to its immediate area, ranking in the top 12% on its street and top 8% in the neighbourhood. This suggests it is viewed as a higher-value property within its local context. The living space (1,258 sq ft) and lot size (5,420 sq ft) are both comfortably above the local averages, offering more room than many nearby homes. A renovated basement and a detached garage add practical value.

The appeal here is for a pragmatic buyer who values space and established neighbourhood character over new construction. It suits a first-time buyer or an investor looking for a property with strong fundamentals in a mature area, where the value is already evident compared to its peers. A thoughtful perspective is that while the home was built in 1950, its above-average rankings in key metrics show it has been maintained or improved in ways that outpace many of its contemporaries. It’s not the newest home, but it stands out as a leader within its cohort.

Section 2: Frequently Asked Questions

1. What does the "above-average assessed value" ranking actually mean?
It means the municipal property assessment for this home is higher than most comparable homes on its street and in the J.B. Mitchell area. This can indicate better finishes, more updates, or a more desirable configuration than its neighbours, which is often reflected in market value.

2. Is the older year (1950) a concern?
The year built ranks as average for the street but below average for the wider city. This is typical for mature neighbourhoods. The more relevant data is that its value and living area rank highly, suggesting the home's condition and utility have been kept current despite its age.

3. How does the lot size compare?
At 5,420 sq ft, the lot is larger than most on Centennial Street (top 24%). This is a notable advantage, providing more outdoor space than typical for the immediate area, which is often a premium in established communities.

4. What can the 2017 sale price range tell me?
The prior sale price (approx. $39.5k - $42.5k) provides a historical benchmark. Comparing it to the current assessed value of $48.60k shows the property's appreciated value assessment over an 8-year period, useful for understanding long-term trends.

5. Who would this property not suit?
It may not suit buyers seeking a modern, turn-key home in a newer suburb, or those who prioritize being significantly above city-wide averages in size and year built. This home’s advantages are most pronounced when compared directly to its local surroundings.

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