56.7
Fair
Property score
56.7
Fair
Overall 56.7
Smaller and older than most nearby homes
888 sqft (bottom 3%)
Built in 1950 (3 yrs older than avg)
Located in a high-income area
with median household income of ~95k
Transit 86.0
2-min walk to transit with 4 nearby routes
Within 500m: 1 school, 2 parks, 2 bank/ATMs, 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
Below average
34% smaller than neighborhood avg.
Year Built
Below average
3 yrs older than neighborhood avg.
Mother tongue
English · 80%Tagalog · 2%
Past 10 years Central River Heights sales snapshot (~80% of all data)
426
580k
$326/sqft
1953
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56.7 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: #46110425
$95K
Median household income
$112K
Average household income
3%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.9
P90 / P10 ratio
32%
Single-person households
21%
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
578 Oxford Street — 6 amenities found within 500 m, across 4 categories, including 1 education (nearest 490 m), 2 parks (nearest 276 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 26% | Bottom 23% | Top 48% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This is a 1950s-era, one-storey home on a standard city lot in Central River Heights. Its key appeal lies in its renovated basement and detached garage, situated on a desirable, established street. The living space is compact at 888 sqft, placing it well below average for the area, which signals this is likely a character home or a bungalow with a focus on its lot and location over sheer interior size. The assessed value is notably low compared to nearby homes, which can indicate a variety of factors from the home's modest footprint to its valuation basis.
It would suit a specific buyer: perhaps a first-time purchaser or downsizer looking for a manageable footprint in a prime neighbourhood without a premium price tag. It could also appeal to an investor or builder who values the land and location, seeing potential in the existing structure or the lot itself. The renovated basement adds practical living or rental space, making it more versatile than the main floor square footage alone suggests.
Frequently Asked Questions
1. Why is the assessed value so much lower than neighbouring properties?
This is typically due to the home's significantly smaller living area and older year of construction compared to larger, more updated homes on the street. Assessments are based on property characteristics, and a modest, older home on a valuable lot will often show this pattern.
2. Is the renovated basement included in the living area square footage?
No. The listed living area of 888 sqft refers to the above-ground main floor. The renovated basement is additional space, which adds significant functional utility to the property beyond the official square footage.
3. What is the potential for expansion or redevelopment?
The lot is a standard River Heights size, offering typical potential for additions or garden suites, subject to zoning. The existing home's modest scale may provide more flexibility for a significant renovation or rebuild compared to a larger structure on a similar lot.
4. How does the sale price from 2023 relate to the current assessed value?
The 2023 sale price of $34,700k was very close to the current assessed value of $36.30k, suggesting the assessment is closely aligned with its recent market value. This can provide a clear benchmark for pricing.
5. Is the detached garage original to the 1950 build?
While the data doesn't specify, detached garages of this era are common in the neighbourhood. Its condition and whether it's a later addition would be a key point for a property inspection.
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