567 Oak Street

Central River Heights, Winnipeg

75.3

Good

Overall 75.3

Compared with neighbourhood average

1,408 sqft (top 32%)

Built in 1951 (2 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

5% larger than neighborhood avg.

Year Built

Below average

2 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

75.3 is composed by the two sections below.

Property Score

62.6Fair
Living Area1,408 sqft75Good
Year Built195136Low
Lot Size4,823 sqft60Fair
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
1,408 sqft
0255075100
Same streetBottom 36%Same areaTop 32%CitywideTop 35%
Same street · Oak Street
#163 / 255
Bottom 36% · Avg 1,734 sqft
Same area · Central River Heights
#400 / 1,244
Top 32% · Avg 1,346 sqft
Citywide · Winnipeg
#68,307 / 194,458
Top 35% · Avg 1,342 sqft

Tax-Assessed Value

around average
421k
0255075100
Same streetBottom 29%Same areaTop 50%CitywideTop 34%
Same street · Oak Street
#182 / 255
Bottom 29% · Avg 548.4k
Same area · Central River Heights
#616 / 1,244
Top 50% · Avg 443.3k
Citywide · Winnipeg
#65,393 / 194,458
Top 34% · Avg 390.1k

Year Built

around average
1951
0255075100
Same streetTop 41%Same areaBottom 36%CitywideBottom 29%

Lot Size

around average
4,823 sqft
0255075100
Same streetBottom 36%Same areaBottom 22%CitywideBottom 40%

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

567 Oak Street — 4 amenities found within 500 m, across 3 categories, including 1 education (nearest 457 m), 2 parks (nearest 354 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 8/2023CA$450k–500k
Sold price

Same street

Top 43%

Same area

Top 24%

City-wide

Top 20%
Sold 9/2017CA$400k–450k
Sold price

Same street

Bottom 23%

Same area

Bottom 48%

City-wide

Top 33%

Related homes

Highlights & common questions: 567 Oak Street, Winnipeg

Property Overview: 567 Oak Street, Central River Heights, Winnipeg

Key Characteristics & Appeal

This two-storey home, built in 1951, sits on a generous 4,823 sqft lot in the established Central River Heights neighbourhood. Its key features include a renovated basement and a detached garage. With 1,408 sqft of living space, the house offers a comfortable footprint that is notably above average for the immediate neighbourhood.

The primary appeal lies in its balance of location, lot size, and recent updates. The renovated basement adds modern, functional space, while the large lot provides room for gardening, play, or expansion. Its assessed value is positioned below average for Oak Street itself, which could indicate value relative to its direct peers. This property would suit a buyer looking for a character home in a prime area without a premium price tag, who values outdoor space and is perhaps more interested in the potential of the lot and the renovated basement than in having the largest house on the block. It’s a practical choice for those who want to be in a sought-after community but may prioritize other investments over a brand-new or maximized living area.


Frequently Asked Questions

1. How does the lot size compare to others in the area?
The land area of 4,823 sqft is above average for Central River Heights, offering more outdoor space than many nearby properties, though it is around the average size for lots on Oak Street itself.

2. Is the house newer or older than most in the neighbourhood?
Built in 1951, the home is slightly newer than the average house on Oak Street but is generally aligned with the vintage of homes in Central River Heights.

3. What does the "below average" assessed value for Oak Street indicate?
This suggests the city’s assessment for this home is lower than the average assessment for other properties on Oak Street. This doesn’t directly predict sale price, but it can sometimes point to relative value within the most immediate comparison group.

4. Has the property value increased?
Based on the provided sale history, the home sold for $400,000 in 2017 and $470,000 in 2023, indicating appreciation over that six-year period.

5. How does the living space compare?
At 1,408 sqft, the living area is larger than the average home in both Central River Heights and Winnipeg overall, but is somewhat smaller than the average for houses specifically on Oak Street. This highlights a home with efficient, above-average interior space on a desirable lot.

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