83.9
Excellent
Property score
83.9
Excellent
Overall 83.9
Larger than most nearby homes
1,916 sqft (top 8%)
Built in 1952 (1 yr 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
42% larger than neighborhood avg.
Year Built
Near average
1 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
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83.9 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: #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
554 Oak Street — 4 amenities found within 500 m, across 3 categories, including 2 parks (nearest 314 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 554 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 | Top 19% | Top 5% | Top 6% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 554 Oak Street, Central River Heights, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Central River Heights sits on a generous 7,234 sqft lot, which is notably larger than most in both the immediate area and city-wide. Built in 1952, the house itself offers a comfortable 1,916 sqft of living space, which is significantly above average for the neighbourhood. Key features include an attached garage and a renovated basement.
The primary appeal lies in its combination of a prime location, substantial lot size, and spacious interior for the area. It represents a solid, grounded opportunity in a desirable community. The renovated basement adds modern livability, while the large lot offers valuable outdoor space and potential.
This property would best suit buyers looking for a established home in a mature neighbourhood without sacrificing interior space or yard size. It’s ideal for those who value location and land over a newer build, and it could appeal to families seeking room to grow or to individuals envisioning long-term value in a sizable, versatile lot.
Section 2: Frequently Asked Questions
1. How does the lot size compare to others?
The 7,234 sqft lot is a standout feature, placing it in the top 15% on its street and in Winnipeg overall. In Central River Heights specifically, it ranks in the elite top 5%, meaning very few homes in this desirable neighbourhood offer this much land.
2. Is the living space typical for the area?
No, it’s notably larger. With 1,916 sqft, this home offers significantly more living area than the average Central River Heights home, ranking in the top 8% for the neighbourhood. It provides above-average space in a community where many homes are more compact.
3. What does the assessed value indicate?
The assessed value is above average for both the neighbourhood and the city. This suggests the property is viewed as a substantial asset relative to its peers, likely influenced by its large lot and living area, though it remains around the average for its specific street.
4. The home was built in 1952. What should I consider?
While the build year is around the average for the area, a home of this age will have its character and potential needs. The key update mentioned is the renovated basement, which adds modern functionality. A thorough inspection is recommended to understand the condition of major systems and the main living areas.
5. How did it perform in its last sale?
It last sold in April 2022 for $61,500k. At that time, the sale price was well above average for the Central River Heights neighbourhood (top 5%), indicating strong demand and perceived value for this specific property.
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