Property score
76.8
Good
Overall 76.8 · Compared with neighbourhood average
1,640 sqft (top 37%) · Built in 1937
Located in a high-income area with median household income of ~155k
Transit 60.0 · 8-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
Near average
7% 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)
770
480k
$319/sqft
1937
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76.8 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: #46110383
$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
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
346 Elm Street — 4 amenities found within 500 m, across 4 categories, including 1 education (nearest 213 m), 1 parks (nearest 352 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 | Bottom 4% | Bottom 27% | Top 46% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 346 Elm Street, North River Heights, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,640 sqft home, built in 1937, presents a solid, character-filled option in the established North River Heights neighborhood. Its appeal lies in its balanced position: it offers above-average interior space for Winnipeg overall, within a home of a very typical age and size for its specific street and area. With an assessed value of $474,000, it sits at a moderate point for the desirable neighborhood, potentially offering a more accessible entry point compared to some area averages.
The lot size of 4,419 sqft is notably smaller than most on Elm Street and in North River Heights, which could mean less yard maintenance—a perk for some—but may limit expansion possibilities. The home last sold between $350k-$400k in early 2018, suggesting significant equity growth since then.
This property would best suit buyers seeking a character home in a prime neighborhood without the premium lot size, or those who prefer a manageable yard. It’s a practical choice for someone valuing interior space and location over a large garden, and it may attract downsizers or young families looking for a foothold in a well-regarded area.
Section 2: Frequently Asked Questions
1. How does the lot size impact this property?
The lot is smaller than most in the immediate area. This typically means lower maintenance, but it's important to check municipal bylaws for any restrictions on additions, decks, or pools, as smaller lots can have stricter development rules.
2. The home is older—what should I consider?
Built in 1937, it shares the age of many homes in the neighborhood. A pre-purchase inspection is crucial to understand the condition of major systems like wiring, plumbing, and the foundation, which may be original or have undergone updates.
3. The assessed value seems lower than some neighbors. Is that good?
The assessed value is for municipal tax purposes, not market value. While a lower assessment can mean relatively lower property taxes, the sale price is determined by the current market. Its position below the street and area averages for assessed value could indicate a different valuation approach or features.
4. What does the 2018 sale price tell us?
The prior sale price provides historical context, showing strong appreciation over six years. However, it does not dictate the current market value, which will be influenced by recent comparable sales, condition updates, and today’s market dynamics.
5. How does this home compare to others in Winnipeg?
The data shows this home offers more living space than the average Winnipeg house. Its value is also above the city-wide average, which reflects the premium associated with the North River Heights neighborhood. You’re paying more for the location and community than for sheer size.
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