90.5
Excellent
Property score
90.5
Excellent
Overall 90.5
Larger and newer than most nearby homes
2,064 sqft (top 10%)
Built in 2013 (23 yrs newer than avg)
Located in a high-income area
with median household income of ~158k
Transit 74.0
4-min walk to transit with 2 nearby routes
Within 500m: 1 park nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Above average
46% larger than neighborhood avg.
Year Built
Above average
23 yrs newer than neighborhood avg.
Mother tongue
English · 62%French · 9%
Past 10 years River Park South sales snapshot (~80% of all data)
1,302
451k
$355/sqft
1990
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90.5 is composed by the two sections below.
Property Score
Community Score
River Park South
How to read: Share of sales in each ~$50k price band for “river park south” (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: #46111260
$158K
Median household income
$152K
Average household income
4%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.6
P90 / P10 ratio
3%
Single-person households
71%
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
38 Elsey Road — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 490 m).
River Park South · WPS public data · 2026
Annual incidents
25
2026
vs. city avg
-15%
relative to avg
Year-over-year
▼ -90%
vs. prior year
Primary type
Property
64%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 43% | Top 12% | Top 13% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 38 Elsey Road, River Park South, Winnipeg
Key Characteristics & Appeal
This 2013-built home at 38 Elsey Road presents a compelling, above-average offering in Winnipeg’s River Park South neighborhood. Its primary appeal lies in its strong and consistent positioning across key metrics when compared to its surroundings. With 2,064 sqft of living space, it sits comfortably above the neighborhood and city averages, offering ample room without being an outlier on its street. The assessed value of $584,000 follows a similar pattern, ranking within the top quarter on Elsey Road and the top 10% in the broader area, suggesting a well-regarded property in a desirable pocket.
The home’s 2013 construction date is a significant asset, ranking it as newer than 96% of homes in River Park South. This implies modern building standards, less immediate need for major updates, and potentially greater energy efficiency. The lot size of 5,288 sqft is generous for the street but average for the neighborhood, offering good outdoor space while maintaining manageable upkeep.
This property would best suit buyers looking for a move-in ready, modern family home in an established suburban community. It appeals to those who value a home that performs well statistically against its peers—offering a blend of space, modern amenities, and a valuation that reflects its standing. It’s a solid choice for someone seeking a balanced investment: not the largest or most expensive on the block, but a home that consistently ranks above average, suggesting a reliable blend of quality and community fit.
Frequently Asked Questions
1. How does this home’s value compare to what it last sold for?
The home sold in September 2020 for between $500,000 and $550,000 (exact price available upon request). Its current assessed value of $584,000 indicates appreciation, aligning with its above-average ranking in the area.
2. Is the lot size a pro or a con?
It depends on your priorities. The lot is larger than most on Elsey Road, offering more private outdoor space. However, it is slightly smaller than the neighborhood average. For buyers wanting a sizable yard on a quiet street, it’s a plus. For those prioritizing maximum land, it’s average for River Park South.
3. What does the “Elite” ranking for its year built mean practically?
Being newer than 96% of homes in the neighborhood (ranked 143rd out of 3,617) means major components like the roof, HVAC, windows, and appliances are likely younger and more efficient. This can translate to lower maintenance costs and utility bills in the near to medium term.
4. The home ranks highly for value and size, but what might that indicate about taxes or future costs?
A higher assessed value generally correlates with higher property taxes. While it signifies a valuable asset, buyers should budget accordingly. The modern build may offset some maintenance costs, but the premium positioning comes with the ongoing tax implication.
5. How stable is the immediate street of Elsey Road?
The data shows consistency. The average year built on the street is 2013, and the living area and assessed value averages are also high. This suggests a street of similar, relatively new homes, which often points to stable property values and a cohesive streetscape.
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