73.9
Good
Property score
73.9
Good
Overall 73.9
Newer than most nearby homes
1,368 sqft (top 36%)
Built in 1954 (1 yr newer than avg)
Located in a high-income area
with median household income of ~134k
Transit 82.0
1-min walk to transit with 2 nearby routes
Within 500m: 1 school, 2 parks, and 1 place of worship nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
2% larger than neighborhood avg.
Year Built
Above average
1 yrs newer than neighborhood avg.
Mother tongue
English · 85%French · 1%
Past 10 years Central River Heights sales snapshot (~80% of all data)
426
580k
$326/sqft
1953
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73.9 is composed by the two sections below.
Property Score
Community Score
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.
Sales-to-New-Listings
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
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.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111046
$134K
Median household income
$170K
Average household income
3%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.4
P90 / P10 ratio
19%
Single-person households
36%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
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.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
507 Queenston Street — 4 amenities found within 500 m, across 3 categories, including 1 education (nearest 87 m), 2 parks (nearest 327 m).
Central River Heights · WPS public data · 2026
Annual incidents
1
2026
vs. city avg
-97%
relative to avg
Year-over-year
▼ -99%
vs. prior year
Primary type
Other
100%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 47% | Top 31% | Top 23% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This 1954 one-storey home on a large 5,493 sqft lot in Central River Heights presents a classic Winnipeg opportunity. Its key appeal lies in the land itself—the lot size is notably above average for its specific street and offers a blank canvas in a sought-after, established neighbourhood. The house, with 1,368 sqft of living space and an unrenovated basement, is functionally sound but represents potential rather than immediate modern luxury. It suits two main types of buyers: those looking for a solid starter home with ample outdoor space and a manageable footprint, and investors or visionaries who see the long-term value in the location and the possibility of a significant renovation, expansion, or future redevelopment of the generous lot.
Frequently Asked Questions
1. Is the price justified given the home's age and condition?
The recent sale price reflects the premium for location and land size in Central River Heights. You are paying primarily for the lot and the neighbourhood, with the existing house offering functional living space. It’s a value proposition based on future potential as much as current amenities.
2. How does the lot size compare practically?
At over 5,400 sqft, the lot is significantly larger than many in the immediate area. This allows for a sizeable backyard, potential for additions like a garage suite (subject to zoning), or simply more private outdoor space—a rarity closer to the city core.
3. What does "above average" for the year built mean here?
Built in 1954, it’s newer than many homes on its street and in Central River Heights overall. This suggests potentially better foundational materials and construction techniques than pre-war homes, though major systems like plumbing and electrical would still need evaluation for modern standards.
4. Who might this property not suit?
It may not suit buyers seeking a turn-key, modernized home without project work. The unrenovated basement and the overall condition likely require updates. It’s also a one-storey layout, which may not fit families seeking multiple defined upstairs bedrooms.
5. How should I interpret the assessed value versus the sale price?
The assessed value is for municipal tax purposes and is typically lower than market value. The sale price is determined by what buyers are willing to pay for the combination of location, land, and house in the current market. The gap here underscores the market's premium for lots in this neighbourhood.
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