From Data to Your Dream Home
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 houses (non-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 houses (non-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
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.
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 36% | Top 12% | Top 14% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 48% | Top 25% | Top 21% |
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| Address | Year Built | Living Area | Assessed Value | |
|---|---|---|---|---|
| 642 Elm Street | 1951 | 1,519 sqft | 440k | For reference |
| 545 Oxford Street | 1951 | 967 sqft | 401k | For reference |
| 498 Montrose Street | 1946 | 1,907 sqft | 529k | For reference |
| 558 Oxford Street | 1951 | 1,144 sqft | 458k | For reference |
| 497 Waverley Street | 1947 | 1,122 sqft | 398k | For reference |
Property Overview: 559 Montrose Street, Central River Heights, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 1950, presents a practical opportunity in the sought-after Central River Heights neighbourhood. Its primary appeal lies in its balance of location and value. The home features a renovated basement and a detached garage on a 4,598 sqft lot. While the living space (1,250 sqft) is modest, particularly for the street, the property holds a strong assessed value that ranks above average for both the neighbourhood and the wider city. This suggests the value is anchored more in its desirable location and lot than in the size of the house itself.
The property would suit a first-time buyer or a downsizer looking for an entry point into a well-established area without a premium price for a large home. It’s also a candidate for those with a vision for gradual updates or an expansion, given that the lot size, while below average for Montrose Street, still offers good outdoor space. A thoughtful perspective is that this home represents a "location play" – you’re investing in the community first, with the house itself offering a solid, renovatable foundation.
Frequently Asked Questions
1. How does the lot size compare to others in the area?
The land area of 4,598 sqft is below the average for Montrose Street, where comparable lots average about 5,723 sqft. However, it is a manageable size and is still larger than many city-wide averages.
2. Is the assessed value high for a home of this size?
Yes, the assessed value ranks above average for both Central River Heights and Winnipeg. This indicates that factors like the renovated basement, the neighbourhood desirability, and the lot are significant contributors to its valuation, offsetting the more modest living area.
3. What does the sale history tell us?
The home sold most recently in August 2023 for $52,100, closely aligning with its current assessed value. A prior sale in September 2020 was for $46,400, showing appreciation over that period.
4. Is the home newer or older than its neighbours?
Built in 1950, this home is actually newer than the average house on Montrose Street, where the average year built is 1943. It is roughly on par with the neighbourhood average.
5. Who might this property not suit?
Buyers seeking a large, move-in-ready home with ample interior square footage for the price may find it limiting. It’s better suited for those comfortable with a cosier footprint or those planning a renovation to better utilize the lot and layout over time.
Address · Distance
Address · Assessed Value