59.7
Fair
Property score
59.7
Fair
Overall 59.7
Smaller than most nearby homes
936 sqft (bottom 7%)
Built in 1951 (2 yrs older than avg)
Located in a high-income area
with median household income of ~95k
Transit 80.0
2-min walk to transit with 3 nearby routes
Within 500m: 3 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
Below average
30% smaller than neighborhood avg.
Year Built
Below average
2 yrs older than neighborhood avg.
Mother tongue
English · 80%Tagalog · 2%
Past 10 years Central River Heights sales snapshot (~80% of all data)
426
580k
$326/sqft
1953
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59.7 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: #46110425
$95K
Median household income
$112K
Average household income
3%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.9
P90 / P10 ratio
32%
Single-person households
21%
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
531 Oxford Street — 4 amenities found within 500 m, across 2 categories, including 3 parks (nearest 249 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 | Bottom 27% | Bottom 27% | Top 46% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 18% | Bottom 16% | Bottom 46% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 531 Oxford Street, Central River Heights
Key Characteristics & Appeal
This is a compact, one-storey home built in 1951, situated on a desirable street in Central River Heights. Its primary appeal lies in its renovated basement and its location, offering a foothold in a well-regarded neighbourhood. The living space is modest at 936 sq ft, which is notably smaller than most homes on the street and in the area, suggesting a cozy, low-maintenance layout. The lot size of 4,798 sq ft is also below the local average, but provides a manageable outdoor space.
The home’s recent sale history shows values significantly below area averages, indicating it may be an accessible entry point into the neighbourhood. This isn’t a sprawling character home; its value is practical. It would suit first-time buyers seeking location over size, downsizers looking to stay in the area with less upkeep, or investors interested in a property with renovation potential (the main floor) and already updated rental income potential (the basement). A thoughtful perspective is that its smaller scale could mean lower utility costs and property taxes relative to the neighbourhood, offering a way to enjoy the community amenities without the typical carrying costs.
Frequently Asked Questions
1. Is the house in move-in condition?
While specific interior condition isn't detailed, the listing confirms a renovated basement. The main floor, in a 1951 home, may require updates depending on previous owners.
2. Why is the assessed value so much lower than neighbouring homes?
The assessed value is broadly in line with city-wide averages but lower than many homes on Oxford Street. This is likely due to its significantly smaller living area and lot size compared to neighbouring properties.
3. What is the potential for adding square footage or expanding?
The below-average lot size for the area may limit options for a large rear addition. However, the existing renovated basement already adds functional space. Enlarging the main floor footprint could be possible but may require careful planning due to lot constraints.
4. How does the detached garage factor in?
A detached garage is a valuable asset in this neighbourhood, providing secure parking and storage. It adds utility without increasing the home's heated living area, which can be a tax-efficient perk.
5. Given the sale history, is this a good investment?
The home has sold below area averages, which can represent a value opportunity in a stable neighbourhood. Its size and updated basement make it a potential candidate for a main-floor renovation to increase value, or for consistent rental income from the basement suite.
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