325 Elm Street

North River Heights, Winnipeg

Property score

82.1

Excellent

Overall 82.1 · Larger than most nearby homes

2,293 sqft (top 9%) · Built in 1937

Located in a high-income area with median household income of ~155k

Transit 70.0 · 7-min walk to transit with 3 nearby routes · Within 500m: 1 school, 1 park, 1 sports facility, and 1 place of worship nearby

Living Area

Above average

49% larger than neighborhood avg.

Year Built

Near average

0 yrs newer than neighborhood avg.

Mother tongue

English · 90%Chinese · 1%

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

Need help understanding this property?

Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.

Usually replies in a few minutes

Property score

82.1 is composed by the two sections below.

Property Score

72.8Good
Living Area96
2,293 sqftExcellent
Year Built22
1937Low
Lot Size60
4,820 sqftFair
Neighbourhood Sales Activity37
Low

Community Score

96.0Excellent
Household Income94
Excellent
Education Level100
Excellent
Housing Stress100
Excellent
Core Housing Need100
Excellent
Employment Health90
Excellent

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: #46110383

Community deep dive

$155K

Median household income

$196K

Average household income

4%

Low income (LIM-AT)

0.3

Income inequality (Gini)

3.6

P90 / P10 ratio

15%

Single-person households

41%

Families with children

Population, labour & age

Population (2021)532
Labour force participation rate78%
Median age42.4
Avg household size2.7
Unemployment rate7%
Population density3325 / km²

Households & income

Low income (LIM-AT, % pop.)4%
Single-person households15%
Couple families with children41%
Median household income (2020)$155K

Housing

Renter households5%
Condominium dwellings0%
Median dwelling value (owners)$500K

Diversity, education & language

Immigrants (share of pop.)9%
Visible minority6%
Bachelor's or higher (25–64)83%
Mother tongue (1st)English · 89%
Mother tongue (2nd)Chinese · 0%

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

Rankings

Living Area

Elite
2,293 sqft
0255075100
Same streetTop 10%Same areaTop 9%CitywideTop 5%
Same street · Elm Street
#27 / 258
Top 10% · Avg 1,723 sqft
Same area · North River Heights
#201 / 2,168
Top 9% · Avg 1,540 sqft
Citywide · Winnipeg
#9,898 / 194,458
Top 5% · Avg 1,342 sqft

Tax-Assessed Value

above average
571k
0255075100
Same streetTop 25%Same areaTop 17%CitywideTop 10%
Same street · Elm Street
#65 / 258
Top 25% · Avg 520.8k
Same area · North River Heights
#367 / 2,168
Top 17% · Avg 479.3k
Citywide · Winnipeg
#20,091 / 194,458
Top 10% · Avg 390.1k

Year Built

around average
1937
0255075100
Same streetBottom 45%Same areaTop 44%CitywideBottom 18%

Lot Size

around average
4,820 sqft
0255075100
Same streetBottom 35%Same areaBottom 45%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

325 Elm Street — 4 amenities found within 500 m, across 4 categories, including 1 education (nearest 142 m), 1 parks (nearest 391 m).

Search radius
🏫Education1
🌳Parks1
💪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 6/2020CA$500k–550k
Sold price

Same street

Top 37%

Same area

Top 23%

City-wide

Top 14%

Related homes

Highlights & common questions: 325 Elm Street, Winnipeg

Property Overview: 325 Elm Street, North River Heights, Winnipeg

Key Characteristics & Appeal

This home at 325 Elm Street is a standout property in Winnipeg’s North River Heights neighborhood, primarily due to its generous living space. With 2,293 square feet, it ranks in the top 10% of homes on its street, the top 9% in the neighborhood, and the elite top 5% city-wide. This makes it a notably spacious home compared to most Winnipeg properties. Built in 1937, its vintage is typical for the well-established, tree-lined streets of North River Heights. The assessed value of $571,000 sits comfortably above average at every comparison level—street, neighborhood, and city—reflecting its desirability and larger footprint.

The appeal lies in securing a character home with ample room in a prime, central neighborhood. It suits buyers looking for established charm without sacrificing interior space, likely growing families or those who value separate rooms for home offices or hobbies. A thoughtful perspective is that while the lot size is average for the area, the efficient use of space is evident in the high living-area-to-lot-size ratio, suggesting a well-designed footprint. The home’s last known sale was around mid-2020 in the $500k-$550k range, indicating solid value retention and growth in a stable market.

Frequently Asked Questions

1. How does this home’s size truly compare to others?
It is exceptionally spacious. With 2,293 sq ft, it is significantly larger than the average Winnipeg home (1,342 sq ft) and even surpasses the average in its own desirable neighborhood by over 750 square feet.

2. What does the assessed value tell me about the listing price?
The assessed value of $571,000 is a municipal valuation for tax purposes, not a market price. It indicates the home is considered a high-value property in its context. Market conditions, the home’s interior condition, and recent upgrades will determine the final sale price, which could be above or below this figure.

3. As a 1937 home, what should I be prepared for?
While the age is typical for North River Heights, potential buyers should budget for updates common to homes of this era. A pre-purchase inspection is essential to evaluate the state of major systems like plumbing, electrical, and the foundation, which may need modernization.

4. Is the lot size a limitation?
At 4,820 sq ft, the lot is average for North River Heights. It provides standard yard space for the area but may not suit those seeking extensive gardens or vast outdoor recreation space. The trade-off is the exceptional indoor living area.

5. How can I verify the exact past sale price?
The site provides an estimated sale range from public records. For the exact sale price and full transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS system.