552 Ash Street

Central River Heights, Winnipeg

73.7

Good

Overall 73.7

Older than most nearby homes

1,388 sqft (top 35%)

Built in 1948 (5 yrs older than avg)

Located in a high-income area

with median household income of ~137k

Transit 88.0

2-min walk to transit with 3 nearby routes

Within 500m: 1 school, 2 parks, and 1 sports facility nearby

Living Area

Near average

3% larger than neighborhood avg.

Year Built

Below average

5 yrs older than neighborhood avg.

Mother tongue

English · 88%French · 2%

Past 10 years Central River Heights sales snapshot (~80% of all data)

Sold Count

426

Median price

580k

$/sqft

$326/sqft

Avg build year

1953

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Property score

73.7 is composed by the two sections below.

Property Score

60.0Fair
Living Area1,388 sqft71Good
Year Built194830Low
Lot Size5,303 sqft67Good
Neighbourhood Sales Activity28Low

Community Score

94.3Excellent
Household Income92Excellent
Education Level100Excellent
Housing Stress100Excellent
Core Housing Need100Excellent
Employment Health83Excellent

Neighbourhood Sales

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.

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: #46111045

Community deep dive

$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

Population, labour & age

Population (2021)568
Labour force participation rate74%
Median age40.8
Avg household size2.7
Unemployment rate8%
Population density3550 / km²

Households & income

Low income (LIM-AT, % pop.)2%
Single-person households19%
Couple families with children43%
Median household income (2020)$137K

Housing

Renter households5%
Condominium dwellings0%
Median dwelling value (owners)$400K

Diversity, education & language

Immigrants (share of pop.)7%
Visible minority0%
Bachelor's or higher (25–64)63%
Mother tongue (1st)English · 87%
Mother tongue (2nd)French · 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
1,388 sqft
0255075100
Same streetBottom 44%Same areaTop 35%CitywideTop 36%
Same street · Ash Street
#201 / 356
Bottom 44% · Avg 1,605 sqft
Same area · Central River Heights
#434 / 1,244
Top 35% · Avg 1,346 sqft
Citywide · Winnipeg
#70,487 / 194,458
Top 36% · Avg 1,342 sqft

Tax-Assessed Value

below average
296k
0255075100
Same streetBottom 1%Same areaBottom 2%CitywideBottom 28%
Same street · Ash Street
#355 / 356
Bottom 1% · Avg 505.2k
Same area · Central River Heights
#1,223 / 1,244
Bottom 2% · Avg 443.3k
Citywide · Winnipeg
#139,773 / 194,458
Bottom 28% · Avg 390.1k

Year Built

around average
1948
0255075100
Same streetTop 44%Same areaBottom 5%CitywideBottom 26%

Lot Size

around average
5,303 sqft
0255075100
Same streetTop 39%Same areaBottom 44%CitywideTop 48%

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

552 Ash Street — 4 amenities found within 500 m, across 3 categories, including 1 education (nearest 414 m), 2 parks (nearest 308 m).

Search radius
🏫Education1
🌳Parks2
💪Sports1

Crime & Safety

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%

Sales History

Sold 5/2024CA$450k–500k
Sold price

Same street

Top 44%

Same area

Top 27%

City-wide

Top 22%

Related homes

Highlights & common questions: 552 Ash Street, Winnipeg

Property Overview: 552 Ash Street, Winnipeg

Key Characteristics & Appeal

This one-and-a-half storey home, built in 1948, sits on a generous 5,303 sqft lot in Central River Heights. Its key features include a renovated basement and a detached garage. With 1,388 sqft of living space, the home offers a practical footprint that is quite typical for the area.

The primary appeal lies in its location and lot size within a well-established neighbourhood. The property represents a notable value opportunity, as its assessed value is significantly below average for the street and area. This suggests potential for equity growth, especially for a buyer willing to invest in updates to the main living areas. The renovated basement adds immediate functional space.

This home would suit a value-conscious buyer, such as a first-time homeowner or an investor, who prioritizes land and location over a move-in-ready, modern interior. It’s a property where the investment is more in the land and the neighbourhood than in the current structure, appealing to those comfortable with a project or gradual improvements.

Frequently Asked Questions

1. Why is the assessed value so much lower than nearby homes?
A significantly lower assessment often reflects the home’s age and condition relative to updated neighbours. It can indicate a value-priced entry point into the area, but buyers should budget for potential renovations to bring the home in line with neighbourhood standards.

2. What does "one-and-a-half storey" mean for this home?
Typically, this style features a main floor with principal rooms and a second floor with sloped ceilings, often containing bedrooms. It’s a classic Winnipeg design that maximizes space efficiently but may have cozier upper rooms.

3. How does the lot size compare?
At over 5,300 sqft, the lot is above the city average and solid for Central River Heights. It offers good outdoor space, which is a premium in mature neighbourhoods, and provides flexibility for gardening, expansion, or adding a patio.

4. The home sold recently in 2024. What should I consider?
The recent sale indicates a quick turnover. It’s wise to investigate why—whether it was an investment flip, estate sale, or other reason—and have a thorough inspection to understand the current state of the property, especially the scope and quality of the basement renovation.

5. Is the detached garage a pro or a con?
This depends on preference. A detached garage provides flexibility for a workshop or separates vehicle fumes from the house, but it is less convenient in Winnipeg winters compared to an attached garage.

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