73.7
Good
Property score
73.7
Good
Overall 73.7
Older than most nearby homes
1,342 sqft (top 41%)
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
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
0% smaller 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)
426
580k
$326/sqft
1953
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73.7 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: #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
556 Ash Street — 4 amenities found within 500 m, across 3 categories, including 1 education (nearest 413 m), 2 parks (nearest 320 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 42% | Top 41% | Top 28% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 556 Ash Street, Central River Heights
Key Characteristics & Appeal
This is a solid, renovated two-storey home on a standard-sized lot in the well-established Central River Heights neighbourhood. Built in 1948, its key features include a renovated basement and a detached garage. The living space of 1,342 sqft is practical and aligns with the city-wide average, offering a comfortable footprint for a smaller household or couple.
The primary appeal lies in its location within a sought-after, mature area, combined with the value offered by a modernized basement—a significant functional upgrade. The home’s assessed value positions it as a more accessible entry point into the neighbourhood compared to many peers on the same street, suggesting potential value for a buyer prioritizing location over sheer size. It would suit first-time buyers or downsizers looking for a low-maintenance character home in a central, walkable community without the premium price tag of a larger or newer property on the block. A thoughtful perspective is that while the house itself is average in scale for the area, the renovated basement effectively adds usable space, making the overall package more competitive than the main floor living area alone might indicate.
Frequently Asked Questions
1. How does the property’s value compare to the neighbourhood?
The home’s assessed value is around the neighbourhood average but is below the average for Ash Street itself. This suggests it could represent a relative value within this specific, desirable street.
2. What does a "renovated basement" typically mean for a home of this era?
For a 1948 home, a renovated basement often indicates updated finishes, improved moisture control, and the conversion of former utility space into livable areas such as a family room, office, or additional bedroom, adding significant functional space.
3. Is the lot size a pro or a con?
At just over 5,300 sqft, the lot is very typical for Central River Heights. It provides adequate outdoor space for gardening or relaxation without the extensive maintenance of a larger yard, aligning with the low-maintenance appeal of the property.
4. How should I interpret the year-built ranking?
While the home is newer than many in Central River Heights, it is older than most city-wide. This is characteristic of the neighbourhood’s historic charm. The key consideration is the condition and updates, like the basement renovation, which mitigate age-related concerns.
5. Who might this home not suit?
It may not suit buyers seeking a very modern, open-concept layout typical of new builds, or families requiring extensive bedroom space on the main floors, as the bedroom count and configuration are not specified in the provided data. The detached garage also means covered access from the car to the house in winter.
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