Interesting discussion about real estate values in Winnipeg. Reminds me of the two main conceptual models for North American cities.
In the 1920s Burgess proposed that cities are organized in concentric rings around a central CBD. He was basing this on observations, especially around Chicago.
Directly around the CBD in what Burgess refers to as zone 2, you should get factories and transport terminals such as rail yards. Zone 3 was supposed to be a transition area with mix of commercial and residential, notably containing the poorest segment of population as well as new immigrants. Zone 4 was a ring of working class residential and second-generation immigrants. As you move further out, zone 5 contains more middle class commuter homes, and finally zone 6 was high class.
In contrast to Burgess, you have Hoyt who in 1939 proposed the sector model in which different land uses are more like pieces of a pie with their narrow tips touching the CBD. Per Hoyt, places the lowest value real estate around the CBD but also in corridors on either side of the industrial segments. Hoyt envisioned middle class homes in a zone separated from both the CBD and industry. He placed the highest real estate in a narrow wedge buffered on both sides by middle class real estate.
Both models are simplistic obviously, but interesting to see that geographers have recognized patterns of land use in north American cities and tried to characterize them with models. Winnipeg has some aspects of each model, but because as buzzg points out, higher end residential sectors like Osborne Village come right up to downtown, this follows the wedge model more than the donut or concentric ring model.
In contrast, models for South American cities have the poorest residents living furthest away from the CBD and wealthiest living in the central city. This is kind of the reverse of the North American pattern and in theory has a lot to do with the colonial nature of these cities and the rapid urbanization they underwent in the second half of the 20th century.
Here is a link that shows what the models look like:
https://tblanchardaphg.weebly.com/up...s_activity.pdf