198 Lake Street

Birchwood, Winnipeg

Property score

64.0

Fair

Overall 64.0 · Smaller but newer than most nearby homes

1,052 sqft (bottom 24%) · Built in 1985 (30 yrs newer than avg)

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

Transit 92.0 · 2-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

27% smaller than neighborhood avg.

Year Built

Above average

30 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

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Property score

64.0 is composed by the two sections below.

Property Score

62.1Fair
Living Area1,052 sqft52Fair
Year Built198573Good
Lot Size12,244 sqft98Excellent
Neighbourhood Sales Activity32Low

Community Score

66.8Good
Household Income74Good
Education Level44Low
Housing Stress74Good
Core Housing Need76Good
Employment Health60Fair

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
1,052 sqft
0255075100
Same streetBottom 33%Same areaBottom 24%CitywideBottom 34%
Same street · Lake Street
#10 / 15
Bottom 33% · Avg 1,296 sqft
Same area · Birchwood
#224 / 295
Bottom 24% · Avg 1,439 sqft
Citywide · Winnipeg
#129,083 / 194,458
Bottom 34% · Avg 1,342 sqft

Tax-Assessed Value

above average
405k
0255075100
Same streetTop 27%Same areaTop 45%CitywideTop 37%
Same street · Lake Street
#4 / 15
Top 27% · Avg 378.5k
Same area · Birchwood
#132 / 295
Top 45% · Avg 421.9k
Citywide · Winnipeg
#72,157 / 194,458
Top 37% · Avg 390.1k

Year Built

Elite
1985
0255075100
Same streetTop 7%Same areaTop 3%CitywideTop 29%

Lot Size

Elite
12,244 sqft
0255075100
Same streetTop 7%Same areaTop 16%CitywideTop 3%

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

198 Lake Street — 12 amenities found within 500 m, across 5 categories, including 7 dining (nearest 204 m), 1 healthcare (nearest 378 m), 1 shopping (nearest 165 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

198 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.

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