287 Olive Street

Silver Heights, Winnipeg

Property score

60.4

Fair

Overall 60.4 · Newer than most nearby homes

1,077 sqft (bottom 31%) · Built in 1956 (3 yrs newer than avg)

Located in a above-average income area with median household income of ~83k

Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 3 dining spots, 1 school, 1 healthcare facility, and 1 shop nearby

Living Area

Below average

11% smaller than neighborhood avg.

Year Built

Above average

3 yrs newer than neighborhood avg.

Mother tongue

English · 79%Tagalog · 2%

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

Sold Count

510

Median price

415k

$/sqft

$327/sqft

Avg build year

1953

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Property score

60.4 is composed by the two sections below.

Property Score

52.7Fair
Living Area52
1,077 sqftFair
Year Built43
1956Low
Lot Size74
5,928 sqftGood
Neighbourhood Sales Activity37
Low

Community Score

72.0Good
Household Income78
Good
Education Level54
Fair
Housing Stress63
Fair
Core Housing Need76
Good
Employment Health83
Excellent

Neighbourhood Sales

Silver Heights

How to read: Share of sales in each ~$50k price band for “silver 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: #46110344

Community deep dive

$83K

Median household income

$91K

Average household income

5%

Low income (LIM-AT)

0.2

Income inequality (Gini)

2.5

P90 / P10 ratio

29%

Single-person households

21%

Families with children

Population, labour & age

Population (2021)562
Labour force participation rate74%
Median age37.2
Avg household size2.4
Unemployment rate7%
Population density3122 / km²

Households & income

Low income (LIM-AT, % pop.)5%
Single-person households29%
Couple families with children21%
Median household income (2020)$83K

Housing

Renter households31%
Condominium dwellings0%
Median dwelling value (owners)$300K

Diversity, education & language

Immigrants (share of pop.)18%
Visible minority19%
Bachelor's or higher (25–64)25%
Mother tongue (1st)English · 78%
Mother tongue (2nd)Tagalog · 1%

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

Rankings

Living Area

around average
1,077 sqft
0255075100
Same streetTop 43%Same areaBottom 31%CitywideBottom 37%
Same street · Olive Street
#55 / 128
Top 43% · Avg 1,130 sqft
Same area · Silver Heights
#1,082 / 1,558
Bottom 31% · Avg 1,204 sqft
Citywide · Winnipeg
#123,075 / 194,458
Bottom 37% · Avg 1,342 sqft

Tax-Assessed Value

around average
299k
0255075100
Same streetTop 50%Same areaBottom 22%CitywideBottom 29%
Same street · Olive Street
#64 / 128
Top 50% · Avg 305.6k
Same area · Silver Heights
#1,221 / 1,558
Bottom 22% · Avg 324.6k
Citywide · Winnipeg
#138,166 / 194,458
Bottom 29% · Avg 390.1k

Year Built

above average
1956
0255075100
Same streetTop 23%Same areaTop 24%CitywideBottom 36%

Lot Size

around average
5,928 sqft
0255075100
Same streetBottom 47%Same areaBottom 40%CitywideTop 34%

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

287 Olive Street — 12 amenities found within 500 m, across 8 categories, including 3 dining (nearest 347 m), 1 education (nearest 436 m), 1 healthcare (nearest 449 m).

Search radius
🍽️Dining3
🏫Education1
🏥Healthcare1
🛒Shopping1
🌳Parks2
Fuel Stations1
Worship1
🏛️Government2

Crime & Safety

Silver Heights · WPS public data · 2026

Annual incidents

13

2026

vs. city avg

-56%

relative to avg

Year-over-year

-94%

vs. prior year

Primary type

Property

69%

Sales History

287 Olive Street: We are not showing a transaction history based solely on public data; that does not mean no sale ever occurred. You can still request details by email in the “Data notes” section below—we will look it up manually and reply with the most accurate information available.

Related homes

Highlights & common questions: 287 Olive Street, Winnipeg

Property Overview & Key Characteristics

This 1956 one-storey home in Silver Heights sits on a generous 5,928 sqft lot, offering more land than over half the properties on its street. With 1,077 sqft of living space, its interior size is comfortably in the middle range for the area. The home features a detached garage and has no basement or pool. Its assessed value of $29.9k positions it as a more affordable entry point within Winnipeg, ranking in the top third of the city for value. The appeal here is grounded in its established neighbourhood, above-average lot size for the street, and a valuation that suggests room for personalization. It would suit a first-time buyer, an investor, or someone looking for a solid footprint in a mature community without a premium price tag, who is comfortable with a home that may require updates reflective of its era.

Frequently Asked Questions

1. What does the assessed value tell me about the property?
The assessed value of $29.9k is notably lower than many comparable homes in Winnipeg, indicating a potentially lower property tax base. It often reflects the home's original condition and size, suggesting it presents as a value-priced canvas for renovations.

2. How does the lot size compare to others nearby?
At nearly 6,000 sqft, the lot is larger than 53% of properties on Olive Street. This is a key asset, offering more outdoor space than many neighbouring homes, which is less common for homes of this vintage in established areas.

3. The home was built in 1956. What should I consider?
Built 70 years ago, the home is newer than most on its street but will likely have original or older mechanical systems (like plumbing and electrical) and fixtures. A thorough inspection is essential, but its age is typical for the character of Silver Heights.

4. How does this home compare to others in Silver Heights?
The living area is smaller than about two-thirds of homes in the wider neighbourhood, but the lot size is a compensating feature. Compared to nearby references like 299 Davidson Street (similar age/size but valued higher), this listing appears to be priced for its condition rather than its potential.

5. What is the neighbourhood context?
Olive Street is a stable, established area. The home is surrounded by properties of similar age and style, offering neighbourhood consistency. Its value ranking in the top 40% for Silver Heights suggests it's in a relatively desirable pocket of the community.