| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Living Area 1,350 sqft | Top 71%182/255 Avg1,734 sqft Top 39%485/1244 Avg1,346 sqft Top 38%74866/194458 Avg1,342 sqft 566 Oak Street: For Living Area. On Oak Street, below average — Top 71%, rank 182 of 255, and comparable homes in that group average about 1,734 sqft. in Central River Heights, around average — Top 39%, rank 485 of 1244, and comparable homes in that group average about 1,346 sqft. citywide, around average — Top 38%, rank 74866 of 194458, and comparable homes in that group average about 1,342 sqft. | ||
Assessed Value 400k | Top 82%210/255 Avg54.80k Top 64%793/1244 Avg44.30k Top 38%74505/194458 Avg390k 566 Oak Street: For Assessed Value. On Oak Street, below average — Top 82%, rank 210 of 255, and comparable homes in that group average about 54.80k. in Central River Heights, around average — Top 64%, rank 793 of 1244, and comparable homes in that group average about 44.30k. citywide, around average — Top 38%, rank 74505 of 194458, and comparable homes in that group average about 390k. | ||
Year Built 1950 （76 years ago） | Top 45%116/255 Avg1945 Top 78%968/1244 Avg1953 Top 72%139923/194458 Avg1966 566 Oak Street: For Year Built. On Oak Street, around average — Top 45%, rank 116 of 255, and comparable homes in that group average about 1945. in Central River Heights, below average — Top 78%, rank 968 of 1244, and comparable homes in that group average about 1953. citywide, below average — Top 72%, rank 139923 of 194458, and comparable homes in that group average about 1966. | ||
Land Area 4,823 sqft | Top 64%163/255 Avg5,862 sqft Top 78%976/1244 Avg5,581 sqft Top 60%116337/194458 Avg6,570 sqft 566 Oak Street: For Land Area. On Oak Street, around average — Top 64%, rank 163 of 255, and comparable homes in that group average about 5,862 sqft. in Central River Heights, below average — Top 78%, rank 976 of 1244, and comparable homes in that group average about 5,581 sqft. citywide, around average — Top 60%, rank 116337 of 194458, and comparable homes in that group average about 6,570 sqft. | ||
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: colored length ≈ share of peers you outperform; vertical line ≈ median benchmark; white tick = your position. Badge tint: gold / blue / gray / dark gray for top ~1–5% / 5–30% / 30–70% / beyond.
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| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sale price | Top 85% Avg | Top 66% Avg | Top 41% Avg |
Property Overview: 566 Oak Street, Central River Heights, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 1950, sits on a well-sized lot in the established Central River Heights neighbourhood. Its key features include a renovated basement and a detached garage. The living space of 1,350 sq ft is typical for the area and city, offering a manageable footprint. The property’s appeal lies in its location within a sought-after community and its updated basement, which adds functional space. The lot size is generous for the street, providing good outdoor potential.
This home would suit a first-time buyer or downsizer looking for a lower-maintenance property in a prime location without the scale of a larger modern house. It’s also a pragmatic fit for an investor or handy buyer who values the neighbourhood fundamentals over a turn-key finish, as the main living areas may present an opportunity for personal updates. The assessed value aligns with city averages, suggesting a stable, market-ready property rather than a fixer-upper bargain or a premium showcase home.
Frequently Asked Questions
1. How does the lot size compare to others?
The land area of 4,823 sq ft is larger than many lots on Oak Street itself (ranking in the top 64%), offering more yard space than some immediate neighbours, though it is slightly below the average for the broader Central River Heights area.
2. Is the home smaller than others nearby?
The living area is below the average for Oak Street but is very close to the typical size for both the Central River Heights neighbourhood and the city of Winnipeg as a whole. It represents a standard, efficient layout for the area.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Viewing the property is essential to see the quality of the renovation, determine if it includes a legal suite or additional living space, and check for any moisture issues common in older homes.
4. Why was the last sale price so much lower than the assessed value?
The property sold for $37,200 in late 2022, which is significantly below its current $400k assessment. This typically indicates a non-arms-length transaction, such as a transfer between family members, and does not reflect the market value at that time.
5. How does the year built affect this home?
Built in 1950, the home is older than most in the city but is actually newer than many on its street and in the Central River Heights neighbourhood. Buyers should budget for maintenance consistent with a home of this age, while appreciating the character and established streetscape it contributes to.
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Address · Assessed Value