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Winnipeg Real Estate – Home Prices, Sales History & Market Trends
Redder color means more recent sale.
If the color is red, the property has sold before; the redder the color, the more recent the sale.
Centennial
How to read: Share of sales in each ~$50k price band for “centennial” (Detached na bahay (hindi condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Data summary (Winnipeg / centennial / Detached na bahay (hindi condo) / 2024): ~$50k bands. The largest share is $150K–$200K (about 37.5%). Second-largest band: $200K–$250K (about 37.5%); top two together about 75.0%. About 16 sales in this view (sample size check).
All figures above are based on real sold transaction data analysis; for source details, see
Lupa: mas malaki = mas magandang ranggo
Taon: mas bago = mas magandang ranggo
Living area: mas malaki = mas magandang ranggo
Assessed value: mas mataas = mas magandang ranggo
Bar: ang haba ng fill ≈ bahagdan ng mga kapantay na na-outperform mo; gradient na pula → dilaw → asul sa axis (pakaliwa pakanan). Putol-putol na vertical line ≈ median benchmark; puting tick (may shadow) = posisyon mo. Mga kulay ng badge / diamond at flame icon ay sumasalamin pa rin sa tier.
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.
Parehong kalye
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| Sukat | Parehong kalye | Parehong lugar | Buong lungsod |
|---|---|---|---|
Presyo ng benta | Top 27% | Top 20% | Bottom 14% |
Parehong kalye
Parehong lugar
Buong lungsod
| Sukat | Parehong kalye | Parehong lugar | Buong lungsod |
|---|---|---|---|
Presyo ng benta | Bottom 43% | Top 43% | Bottom 6% |
Parehong kalye
Parehong lugar
Buong lungsod
| Sukat | Parehong kalye | Parehong lugar | Buong lungsod |
|---|---|---|---|
Presyo ng benta | Bottom 19% | Bottom 39% | Bottom 2% |
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| Address | Taon ng Paggawa | Living Area | Assessed Value | |
|---|---|---|---|---|
| 433 Elgin Avenue | 1883 | 1,664 sqft | 209k | For reference |
| 423 William Avenue | 1884 | 2,359 sqft | 166k | Trending |
| 454 William Avenue | 1905 | 2,608 sqft | 282k | Trending |
| 408 Bannatyne Avenue | 1905 | 2,307 sqft | 237k | Trending |
Property Overview: 389 Elgin Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1882, presents a unique proposition centered on its generous living space and lot potential. Its key characteristic is a significant living area of 1,794 sq ft, which is well above average for both the immediate street and the broader Centennial neighbourhood. This makes the interior space a standout feature for the price point.
The appeal lies primarily in opportunity. The home sits on a nearly 3,000 sq ft lot in an established area, offering a canvas for renovation or redevelopment. The very low assessed value and recent sale price reflect its current condition—it has an unrenovated basement and no garage—but this positions it for buyers looking for a footprint and location rather than a turn-key property. It would suit investors, builders, or hands-on buyers with a vision for creating value through a significant renovation or new construction. A less obvious perspective is its historical context; as one of the older homes on the street, it offers a tangible connection to the area's heritage, which could be a draw for a specific buyer looking to restore a character home, albeit with an understanding of the associated challenges.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than recent sale prices?
The assessed value is for taxation purposes and often lags behind market trends, especially in transitioning areas or for properties with major renovation potential. The sale price reflects what buyers are currently willing to pay for the land and opportunity.
2. What does the sale history indicate about this property?
The sale history shows significant price volatility (from $130k in 2019 to $16.9k in 2023, then $21.5k in 2025). This is not typical for a standard home and strongly suggests the sales are based on the land's value and development potential, not the existing structure.
3. Is the large living area in move-in condition?
The listing notes the basement is unrenovated. Given the age of the home (1882) and the focus on land value in sales data, the entire house likely requires substantial modernization, even if the main living space is functionally large.
4. Who would be the typical buyer for this home?
The most likely buyers are investors or developers looking at the lot size and location for a future project, or very budget-conscious buyers prepared for a full-scale renovation. It is less suited for someone seeking a ready-to-move-in home.
5. How does the lot size compare to others?
At 2,953 sq ft, the lot is around average for Centennial and on Elgin Avenue itself, but it is below the city-wide average. Its value is in its combination of a standard lot size with a very large existing house footprint in an established inner-city neighbourhood.
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