Property score
49.5
Below average
Overall 49.5 · Smaller and older than most nearby homes
666 sqft (bottom 1%) · Built in 1958 (18 yrs older than avg)
Located in a high-income area with median household income of ~93k
Transit 74.0 · 5-min walk to transit with 2 nearby routes · Within 500m: 2 parks nearby
Living Area
Below average
52% smaller than neighborhood avg.
Year Built
Below average
18 yrs older than neighborhood avg.
Mother tongue
English · 79%French · 1%
Past 10 years River East sales snapshot (~80% of all data)
826
425k
$395/sqft
1976
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49.5 is composed by the two sections below.
Property Score
Community Score
River East
How to read: Share of sales in each ~$50k price band for “river east” (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: #46110767
$93K
Median household income
$99K
Average household income
7%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
28%
Single-person households
20%
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
243 Emerson Avenue — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 274 m).
River East · WPS public data · 2026
Annual incidents
17
2026
vs. city avg
-42%
relative to avg
Year-over-year
▼ -92%
vs. prior year
Primary type
Property
71%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 31% | Bottom 34% | Bottom 47% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Bottom 8% | Bottom 23% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 243 Emerson Avenue, Winnipeg
Key Characteristics & Buyer Appeal
This is a modest, 666 sqft bungalow built in 1958 on a larger-than-average city lot of over 6,100 sqft. Its key characteristic is a clear value proposition centered on land. The home itself is notably smaller and older than most in its immediate area, ranking in the bottom percentiles for living space and age on its street. The assessed value of $302k reflects this, sitting below the local averages.
The appeal lies in this very discrepancy. It presents an opportunity for a land-focused purchase in the established River East neighborhood. For a buyer comfortable with a compact footprint or considering a future expansion, the generous lot offers flexibility that newer, built-out properties often lack. It would suit a first-time buyer seeking an affordable entry into the market, an investor looking for a land-hold property, or a downsizer who values a large yard over a large house. Its recent sale history shows steady value appreciation, suggesting it’s a financially accessible property in a stable area.
Frequently Asked Questions
1. Why is the assessed value below the neighborhood average?
The assessed value is primarily based on the existing structure. Given that this home’s living area is significantly smaller and it is older than most comparable properties in River East, a lower assessment is typical.
2. Is this a good investment property?
The data indicates consistent value growth over recent sales. The combination of a lower entry price and a large lot in an established neighborhood could offer long-term potential, either through rental income or future value appreciation, especially if the lot allows for development.
3. How does the lot size compare?
The lot is a key feature. At 6,103 sqft, it is above the Winnipeg city average and around the average for the street. This provides a substantial outdoor space relative to the home's size.
4. Can I see the exact historical sold prices?
The site provides sold price ranges. To obtain fully verified, exact sale figures from the transaction history, you must request them directly via email, as this data is not sourced from the MLS.
5. What are the implications of the home's age?
Built in 1958, the home is older than most on the block. This suggests potential for character but also means buyers should budget for maintenance and updates typical of a home from that era, and consider the efficiency of older building systems.
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