66.9
Good
Property score
66.9
Good
Overall 66.9
Smaller and older than most nearby homes
1,088 sqft (bottom 26%)
Built in 1950 (3 yrs older than avg)
Located in a high-income area
with median household income of ~137k
Transit 80.0
3-min walk to transit with 3 nearby routes
Within 500m: 2 schools, 3 parks, 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
19% smaller than neighborhood avg.
Year Built
Below average
3 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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66.9 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
603 Oak Street — 6 amenities found within 500 m, across 3 categories, including 2 education (nearest 471 m), 3 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 46% | Top 32% | Top 24% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Bottom 4% | Bottom 32% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 603 Oak Street, Central River Heights
Key Characteristics & Appeal
This one-storey home on a standard 5,063 sqft lot in Central River Heights presents a practical opportunity. Built in 1950, its key updated feature is a renovated basement, adding valuable finished space to the 1,088 sqft main floor. The home includes a detached garage. Its appeal is grounded in value and potential within a well-established neighbourhood.
The data reveals a nuanced picture: while the living area is modest compared to immediate neighbours, the property’s assessed value ranks above average citywide, suggesting the lot and location hold significant worth. This combination suits specific buyers: first-time homeowners looking for an entry point into a desirable area, practical downsizers seeking a manageable footprint without leaving the neighbourhood, or value-oriented investors attracted by the renovated basement’s income potential and the lot’s underlying value. Its true appeal lies not in sheer size, but as a solid foundation in a prime location—ideal for someone who sees the value in what can be built upon or improved over time.
Frequently Asked Questions
1. Is the living space too small?
At 1,088 sqft on the main floor, the home is cozier than many on its street. However, the renovated basement effectively doubles the usable living area, making the overall footprint more practical for daily life.
2. How does the assessed value compare to the recent sale price?
The home last sold for $280k in September 2020. Its current assessed value is significantly lower at $46.5k. It’s important to note that in Manitoba, property assessments are not market valuations; they are used for calculating municipal taxes. The sale price from 2020 is a far better indicator of its market value.
3. What does the lot size mean for future potential?
At just over 5,000 sqft, the lot is a standard city size. It is not exceptionally large, but it is typical for Central River Heights and provides adequate outdoor space and potential for additions or landscaping, subject to local zoning bylaws.
4. Is a home from 1950 a concern?
While newer than many homes on its street, a 76-year-old house will likely have older core systems (like plumbing and electrical) unless they have been documented as updated. A thorough inspection is essential, but the renovated basement is a positive, modernized element.
5. Who would this property not suit?
It may not be the best fit for buyers seeking a large, move-in-ready home with ample above-ground square footage or those wanting a brand-new build. It’s better suited for those comfortable with a character home and who see the value in its location and basement renovation.
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