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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.
Central River Heights
How to read: Share of sales in each ~$50k price band for “central river heights” (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 / central river heights / Detached na bahay (hindi condo) / 2024): ~$50k bands. The largest share is $400K–$450K (about 29.5%). Second-largest band: $450K–$500K (about 15.9%); top two together about 45.5%. About 44 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
Parehong lugar
Buong lungsod
| Sukat | Parehong kalye | Parehong lugar | Buong lungsod |
|---|---|---|---|
Presyo ng benta | Bottom 17% | Bottom 23% | Top 49% |
Parehong kalye
Parehong lugar
Buong lungsod
| Sukat | Parehong kalye | Parehong lugar | Buong lungsod |
|---|---|---|---|
Presyo ng benta | Bottom 15% | Bottom 22% | Top 49% |
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| Address | Taon ng Paggawa | Living Area | Assessed Value | |
|---|---|---|---|---|
| 498 Montrose Street | 1946 | 1,907 sqft | 529k | For reference |
| 497 Waverley Street | 1947 | 1,122 sqft | 398k | For reference |
| 545 Oxford Street | 1951 | 967 sqft | 401k | For reference |
| 444 Waverley Street | 2021 | 2,450 sqft | 1.27M | Trending |
| 558 Oxford Street | 1951 | 1,144 sqft | 458k | For reference |
Property Overview: 511 Montrose Street, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 1948, sits on a generous 5,187 sqft lot in Central River Heights. Its key features include a renovated basement and a detached garage. The home’s primary appeal lies in its location and land. The lot size is notably larger than many on Montrose Street itself, offering above-average outdoor space for the immediate area within a well-established neighbourhood.
The living space (1,270 sqft) is more compact, suggesting a home suited for efficient living rather than sprawling layouts. This, combined with the recent basement renovation, indicates a property that balances original character with modern updates. The most recent sale price is significantly lower than the previous one from 2016, which may present a value opportunity or reflect the condition of the main living areas relative to the renovated basement.
This property would suit a first-time buyer or downsizer seeking a lower entry point into the River Heights area, prioritizing lot size and location over a large interior. It could also appeal to a value-oriented investor or renovator who sees potential in the existing structure and appreciates the upside of the renovated basement and substantial lot.
Frequently Asked Questions
1. How does the lot size compare to the neighbourhood?
The lot is over 5,100 sqft, which is larger than many on Montrose Street itself but fairly average when compared to all of Central River Heights. This means you get more private outdoor space than your immediate neighbours, a less obvious advantage in an inner-city area.
2. The recent sale price seems much lower than the 2016 sale. What does this indicate?
This significant difference warrants careful investigation. It typically suggests a change in condition, a different type of sale (e.g., estate, as-is), or substantial market adjustments. Reviewing the listing details and any notes from the selling agent for that transaction is essential.
3. Is the house smaller than average?
Yes, the living area is below average for Montrose Street but close to the average for Central River Heights and citywide. This points to a efficiently sized home that is typical for many older neighbourhoods, where the value often lies in the location and land.
4. What does the "renovated basement" include?
The details are not specified here. It’s crucial to determine the scope, quality, and permits for this renovation. A professionally finished basement adds liveable space, but the nature of the renovation greatly affects its value and utility.
5. How does the assessed value relate to the sale price?
The most recent assessed value is slightly higher than the most recent sale price. Municipal assessments are for tax purposes and often lag behind market trends. The sale price is the clearest indicator of current market value for that specific transaction.
Address · Distansya
Address · Assessed Value