194 Lake Street

Birchwood, Winnipeg

Property score

68.1

Good

Overall 68.1 · Newer than most nearby homes

1,246 sqft (bottom 39%) · Built in 1984 (29 yrs newer than avg)

Located in a above-average income area with median household income of ~74k

Transit 92.0 · 3-min walk to transit with 6 nearby routes · Within 500m: 7 dining spots, 1 healthcare facility, 1 shop, and 2 parks nearby

Living Area

Below average

13% smaller than neighborhood avg.

Year Built

Above average

29 yrs newer than neighborhood avg.

Mother tongue

English · 80%Chinese · 2%

Past 10 years Birchwood sales snapshot (~80% of all data)

Sold Count

81

Median price

390.5k

$/sqft

$299/sqft

Avg build year

1955

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

68.1 is composed by the two sections below.

Property Score

69.0Good
Living Area66
1,246 sqftGood
Year Built73
1984Good
Lot Size88
7,492 sqftExcellent
Neighbourhood Sales Activity32
Low

Community Score

66.8Good
Household Income74
Good
Education Level44
Low
Housing Stress74
Good
Core Housing Need76
Good
Employment Health60
Fair

Neighbourhood Sales

Birchwood

How to read: Share of sales in each ~$50k price band for “birchwood” (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: #46110341

Community deep dive

$74K

Median household income

$88K

Average household income

8%

Low income (LIM-AT)

0.2

Income inequality (Gini)

2.7

P90 / P10 ratio

33%

Single-person households

18%

Families with children

Population, labour & age

Population (2021)610
Labour force participation rate51%
Median age44.8
Avg household size2.3
Unemployment rate0%
Population density2904 / km²

Households & income

Low income (LIM-AT, % pop.)8%
Single-person households33%
Couple families with children18%
Median household income (2020)$74K

Housing

Renter households35%
Condominium dwellings0%
Median dwelling value (owners)$336K

Diversity, education & language

Immigrants (share of pop.)16%
Visible minority14%
Bachelor's or higher (25–64)24%
Mother tongue (1st)English · 80%
Mother tongue (2nd)Chinese · 1%

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

Rankings

Living Area

around average
1,246 sqft
0255075100
Same streetBottom 47%Same areaBottom 39%CitywideTop 46%
Same street · Lake Street
#8 / 15
Bottom 47% · Avg 1,296 sqft
Same area · Birchwood
#179 / 295
Bottom 39% · Avg 1,439 sqft
Citywide · Winnipeg
#89,531 / 194,458
Top 46% · Avg 1,342 sqft

Tax-Assessed Value

around average
400k
0255075100
Same streetTop 33%Same areaTop 46%CitywideTop 38%
Same street · Lake Street
#5 / 15
Top 33% · Avg 378.5k
Same area · Birchwood
#137 / 295
Top 46% · Avg 421.9k
Citywide · Winnipeg
#74,505 / 194,458
Top 38% · Avg 390.1k

Year Built

Elite
1984
0255075100
Same streetTop 13%Same areaTop 3%CitywideTop 30%

Lot Size

above average
7,492 sqft
0255075100
Same streetTop 20%Same areaTop 45%CitywideTop 14%

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

194 Lake Street — 12 amenities found within 500 m, across 5 categories, including 7 dining (nearest 216 m), 1 healthcare (nearest 379 m), 1 shopping (nearest 185 m).

Search radius
🍽️Dining7
🏥Healthcare1
🛒Shopping1
🌳Parks2
Worship1

Crime & Safety

Birchwood · WPS public data · 2026

Annual incidents

3

2026

vs. city avg

-90%

relative to avg

Year-over-year

-97%

vs. prior year

Primary type

Property

67%

Sales History

194 Lake Street: We are not showing a transaction history based solely on public data; that does not mean no sale ever occurred. You can still request details by email in the “Data notes” section below—we will look it up manually and reply with the most accurate information available.

Related homes