78.0
Good
Property score
78.0
Good
Overall 78.0
Larger but older than most nearby homes
1,685 sqft (top 17%)
Built in 1949 (4 yrs older than avg)
Located in a high-income area
with median household income of ~137k
Transit 88.0
1-min walk to transit with 3 nearby routes
Within 500m: 2 parks, 1 sports facility, 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
Above average
25% larger than neighborhood avg.
Year Built
Below average
4 yrs older than neighborhood avg.
Mother tongue
English · 88%French · 2%
Past 10 years Central River Heights sales snapshot (~80% of all data)
426
580k
$326/sqft
1953
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
Free · No credit card required
78.0 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: #46111045
$137K
Median household income
$176K
Average household income
2%
Low income (LIM-AT)
0.3
Income inequality (Gini)
2.7
P90 / P10 ratio
19%
Single-person households
43%
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
550 Oak Street — 4 amenities found within 500 m, across 3 categories, including 2 parks (nearest 298 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%
Local garbage, recycling, and yard waste pickup schedule for 550 Oak Street.
Garbage
monday
Recycling
monday
Yard Waste
monday a
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 6% | Bottom 19% | Bottom 48% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 550 Oak Street, Central River Heights, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1949, sits on a standard 5,063 sqft lot in the established Central River Heights neighborhood. Its primary appeal lies in its above-average living space (1,685 sqft) for both the neighborhood and city, offering more room than many comparable homes. A key modern update is the renovated basement, adding functional living area. The property includes a detached garage.
The home suits practical buyers looking for character and space in a mature area without the premium of a newer build. It’s a solid, grounded option for a first-time homeowner seeking a move-in-ready basement, a small family needing the extra square footage, or an investor attracted by a recent sale price that performed well relative to the city-wide average. A thoughtful perspective is that while the home is average for its specific street in many metrics, it represents a stronger value within the broader, sought-after Central River Heights area, where its living space ranks notably higher.
Section 2: Frequently Asked Questions
1. How does the lot size compare?
At just over 5,000 sqft, the lot is around the average for Oak Street and the Central River Heights area, providing a typical urban yard for the neighborhood.
2. Is the living space suitable for a family?
Yes. With 1,685 sqft of living area, this home is larger than approximately 83% of homes in Central River Heights, offering more interior space than many similar properties in the area.
3. What does the "renovated basement" entail?
The listing confirms the basement has been renovated, but the specific scope, finishes, and whether it includes a legal suite or additional bedrooms should be verified with the seller or listing agent.
4. How does the recent sale price fit the market?
The home sold for $330,000 in July 2024. This price was significantly above the average for Oak Street and the neighborhood, but around the average for the city of Winnipeg as a whole, suggesting it was priced for the broader market.
5. What is the significance of the assessed value?
The municipal assessed value is $45,100, which is used for calculating property taxes. It is typically lower than market value, as seen here where the sale price was substantially higher. This indicates taxes may be based on a lower valuation.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
