281 Elm Street

North River Heights, Winnipeg

Property score

81.0

Excellent

Overall 81.0 · Larger and newer than most nearby homes

2,080 sqft (top 15%) · Built in 1944 (7 yrs newer than avg)

Located in a high-income area with median household income of ~162k

Transit 80.0 · 5-min walk to transit with 3 nearby routes · Within 500m: 1 dining spot, 1 school, 1 sports facility, and 1 place of worship nearby

Living Area

Above average

35% larger than neighborhood avg.

Year Built

Above average

7 yrs newer than neighborhood avg.

Mother tongue

English · 89%French · 2%

Past 10 years North River Heights sales snapshot (~80% of all data)

Sold Count

770

Median price

480k

$/sqft

$319/sqft

Avg build year

1937

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Property score

81.0 is composed by the two sections below.

Property Score

72.0Good
Living Area94
2,080 sqftExcellent
Year Built24
1944Low
Lot Size60
4,824 sqftFair
Neighbourhood Sales Activity37
Low

Community Score

94.4Excellent
Household Income95
Excellent
Education Level100
Excellent
Housing Stress93
Excellent
Core Housing Need100
Excellent
Employment Health76
Good

Neighbourhood Sales

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.

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: #46110664

Community deep dive

$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

Population, labour & age

Population (2021)460
Labour force participation rate76%
Median age43.2
Avg household size2.8
Unemployment rate14%
Population density3833 / km²

Households & income

Low income (LIM-AT, % pop.)3%
Single-person households18%
Couple families with children39%
Median household income (2020)$162K

Housing

Renter households8%
Condominium dwellings0%
Median dwelling value (owners)$528K

Diversity, education & language

Immigrants (share of pop.)14%
Visible minority8%
Bachelor's or higher (25–64)64%
Mother tongue (1st)English · 89%
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

above average
2,080 sqft
0255075100
Same streetTop 21%Same areaTop 15%CitywideTop 9%
Same street · Elm Street
#54 / 258
Top 21% · Avg 1,723 sqft
Same area · North River Heights
#315 / 2,168
Top 15% · Avg 1,540 sqft
Citywide · Winnipeg
#17,406 / 194,458
Top 9% · Avg 1,342 sqft

Tax-Assessed Value

above average
509k
0255075100
Same streetTop 39%Same areaTop 27%CitywideTop 18%
Same street · Elm Street
#100 / 258
Top 39% · Avg 520.8k
Same area · North River Heights
#594 / 2,168
Top 27% · Avg 479.3k
Citywide · Winnipeg
#35,684 / 194,458
Top 18% · Avg 390.1k

Year Built

above average
1944
0255075100
Same streetBottom 48%Same areaTop 28%CitywideBottom 21%

Lot Size

around average
4,824 sqft
0255075100
Same streetTop 47%Same areaTop 37%CitywideBottom 40%

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

281 Elm Street — 4 amenities found within 500 m, across 4 categories, including 1 dining (nearest 469 m), 1 education (nearest 179 m).

Search radius
🍽️Dining1
🏫Education1
💪Sports1
Worship1

Crime & Safety

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%

Sales History

Sold 5/2024CA$450k–500k
Sold price

Same street

Top 47%

Same area

Top 29%

City-wide

Top 18%

Related homes

Highlights & common questions: 281 Elm Street, Winnipeg

Property Overview: 281 Elm Street, North River Heights, Winnipeg

Key Characteristics & Appeal

This home at 281 Elm Street is a well-established property in North River Heights, built in 1944. Its primary strength is its generous living space. At 2,080 square feet, it offers significantly more room than the average home in Winnipeg, ranking in the top 9% city-wide for size. This makes it a standout for buyers seeking spacious interiors without venturing into newer, often more distant suburbs.

The appeal lies in its balanced position within a desirable neighborhood. The assessed value of $509k is above average for both the wider city and the North River Heights area, suggesting a solid, recognized worth. However, it's interesting to note that on Elm Street itself, the value is around the median. This could indicate the property offers better value or more space for the price compared to its immediate neighbors, presenting a savvy opportunity within a prime location.

The lot size is consistent with area norms, and the home’s age is typical for the character-filled North River Heights streetscape. A recent sale in mid-2024, within the $450k-$500k range, provides a concrete market benchmark. This property would ideally suit buyers who prioritize interior space and established neighborhood charm over a brand-new build, and who appreciate a home with a value proposition that appears stronger the wider the comparison net is cast.

Frequently Asked Questions

1. How does this home’s size truly compare to others?
It is notably spacious. With 2,080 sq ft of living area, it is larger than approximately 91% of homes in Winnipeg and 85% of homes in the North River Heights area.

2. Is the assessed value high for the neighborhood?
The $509k assessment is above the average for North River Heights overall. However, it is very close to the average value specifically on Elm Street itself, indicating it is priced in line with its most direct comparables.

3. What does the 1944 build year mean for me?
This is a character home typical of North River Heights. It is older than the Winnipeg city average but aligns with the historic profile of the area. Buyers should anticipate the maintenance and potential update needs consistent with a home of this era, balanced by the charm and established lot size that come with it.

4. How recent is the sale price data, and how precise is it?
The property sold in May 2024. The publicly available price range provided is $450,000 to $500,000. For the exact sale price, a manual lookup request must be submitted to the site, as they do not display MLS sold records.

5. Where can I see how this property fits into the neighborhood?
You can use the provided link to open a neighborhood map analysis. This tool allows you to see nearby homes and compare key metrics like year built, living area, and lot size visually.