408 Olive Street

Silver Heights, Winnipeg

Property score

53.7

Fair

Overall 53.7 · Newer than most nearby homes

1,189 sqft (top 39%) · Built in 1956 (3 yrs newer than avg)

Located in a average-income area with median household income of ~48.8k

Transit 74.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, 3 schools, 1 park, and 1 fuel station nearby

Living Area

Near average

1% smaller than neighborhood avg.

Year Built

Above average

3 yrs newer than neighborhood avg.

Mother tongue

English · 84%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

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

53.7 is composed by the two sections below.

Property Score

57.5Fair
Living Area60
1,189 sqftFair
Year Built43
1956Low
Lot Size74
5,629 sqftGood
Neighbourhood Sales Activity37
Low

Community Score

48.1Low
Household Income53
Fair
Education Level54
Fair
Housing Stress30
Low
Core Housing Need50
Fair
Employment Health28
Low

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: #46110274

Community deep dive

$49K

Median household income

$60K

Average household income

13%

Low income (LIM-AT)

0.2

Income inequality (Gini)

3.0

P90 / P10 ratio

58%

Single-person households

10%

Families with children

Population, labour & age

Population (2021)937
Labour force participation rate32%
Median age74.5
Avg household size1.7
Unemployment rate10%
Population density4931 / km²

Households & income

Low income (LIM-AT, % pop.)13%
Single-person households58%
Couple families with children10%
Median household income (2020)$49K

Housing

Renter households65%
Condominium dwellings0%
Median dwelling value (owners)$300K

Diversity, education & language

Immigrants (share of pop.)16%
Visible minority12%
Bachelor's or higher (25–64)26%
Mother tongue (1st)English · 84%
Mother tongue (2nd)Tagalog · 2%

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

Rankings

Living Area

above average
1,189 sqft
0255075100
Same streetTop 29%Same areaTop 39%CitywideBottom 49%
Same street · Olive Street
#37 / 128
Top 29% · Avg 1,130 sqft
Same area · Silver Heights
#604 / 1,558
Top 39% · Avg 1,204 sqft
Citywide · Winnipeg
#100,025 / 194,458
Bottom 49% · 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
5,629 sqft
0255075100
Same streetBottom 13%Same areaBottom 28%CitywideTop 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

408 Olive Street — 7 amenities found within 500 m, across 5 categories, including 1 dining (nearest 323 m), 3 education (nearest 264 m), 1 parks (nearest 417 m).

Search radius
🍽️Dining1
🏫Education3
🌳Parks1
Fuel Stations1
🏛️Government1

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

Sold 4/2022CA$250k–300k
Sold price

Same street

Bottom 46%

Same area

Bottom 33%

City-wide

Bottom 34%
Sold 7/2017CA$250k–300k
Sold price

Same street

Bottom 19%

Same area

Bottom 12%

City-wide

Bottom 23%

Related homes