Property score
80.7
Excellent
Overall 80.7 · Larger but older than most nearby homes
2,266 sqft (top 10%) · Built in 1913 (24 yrs older than avg)
Located in a high-income area with median household income of ~162k
Transit 80.0 · 4-min walk to transit with 3 nearby routes · Within 500m: 3 dining spots, 1 school, 1 fuel station, and 1 place of worship nearby
Living Area
Above average
47% larger than neighborhood avg.
Year Built
Below average
24 yrs older than neighborhood avg.
Mother tongue
English · 89%French · 2%
Past 10 years North River Heights sales snapshot (~80% of all data)
770
480k
$319/sqft
1937
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80.7 is composed by the two sections below.
Property Score
Community Score
North River Heights
How to read: Share of sales in each ~$50k price band for “north river heights” (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: #46110664
$162K
Median household income
$202K
Average household income
3%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
18%
Single-person households
39%
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
241 Elm Street — 6 amenities found within 500 m, across 4 categories, including 3 dining (nearest 401 m), 1 education (nearest 256 m).
North River Heights · WPS public data · 2026
Annual incidents
7
2026
vs. city avg
-76%
relative to avg
Year-over-year
▼ -97%
vs. prior year
Primary type
Property
57%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 34% | Top 21% | Top 12% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 241 Elm Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home at 241 Elm Street is defined by its generous scale and established value within a desirable neighborhood. Its primary appeal lies in its spacious 2,266 sqft living area, which places it in the top 10-12% of homes in North River Heights and the top 5% citywide. This significant above-average size offers ample room for growing families or those who value space. The property carries an assessed value of $651,000, which is consistently ranked in the top 9-12% of its local market, indicating a strong and premium valuation.
Built in 1913, the home is notably older than most in the area, suggesting classic character and potential for heritage charm, but also implying a consideration for maintenance and updates. The lot size of 4,824 sqft is generally average for the neighborhood, providing a balanced outdoor space without excessive yard work.
This property would best suit buyers looking for a spacious, well-established home in a prime area, who appreciate the character of a century-old residence and are prepared for the stewardship that comes with it. It’s a solid choice for those prioritizing interior space and proven value appreciation over a modern build date.
Frequently Asked Questions
1. How does the age of the home (1913) impact its value and appeal?
While its age places it in the bottom 5% for year built locally, this is balanced by its top-tier living area and assessed value. The age suggests classic architectural details but also means potential buyers should prioritize a thorough inspection for foundational, electrical, and plumbing systems.
2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($651k) is a strong benchmark for municipal taxation and is notably higher than area averages. However, market conditions, the home’s specific condition, and buyer demand will ultimately determine the sale price. It last sold in 2016 for an estimated $500k-$550k.
3. What does the "top 5% citywide" ranking for living area really mean?
It means this home is larger than approximately 95% of all residential properties in Winnipeg. This is a key differentiator, offering rare interior space that is hard to find in most of the city.
4. How does the lot size compare, and what does it allow for?
At 4,824 sqft, the lot is typical for North River Heights. It provides a decent yard for gardening or recreation but is not oversized. This can be a positive for those seeking manageable outdoor maintenance.
5. Where can I find more precise historical data, like the exact past sale price?
The provided sold price data is an estimate from public records. For fully verified figures and a complete transaction history, you must request a manual lookup from the site via email, as this information is not sourced from the MLS.
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