74.2
Good
Property score
74.2
Good
Overall 74.2
Newer than most nearby homes
1,221 sqft (bottom 46%)
Built in 1953
Located in a high-income area
with median household income of ~143k
Transit 80.0
5-min walk to transit with 3 nearby routes
Within 500m: 1 dining spot, 1 school, 2 parks, and 1 bank/ATM nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
9% smaller than neighborhood avg.
Year Built
Above average
0 yrs newer than neighborhood avg.
Mother tongue
English · 84%French · 3%
Past 10 years Central River Heights sales snapshot (~80% of all data)
426
580k
$326/sqft
1953
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74.2 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: #46111043
$143K
Median household income
$196K
Average household income
3%
Low income (LIM-AT)
0.3
Income inequality (Gini)
2.9
P90 / P10 ratio
11%
Single-person households
40%
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
657 Oak Street — 6 amenities found within 500 m, across 5 categories, including 1 dining (nearest 444 m), 1 education (nearest 297 m), 2 parks (nearest 183 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 19% | Bottom 43% | Top 36% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Appeal
This well-situated one-storey home in Central River Heights is defined by its generous 7,211 sqft lot, which is significantly larger than most in both the immediate area and citywide. Built in 1953, the house itself is a modest 1,221 sqft with a renovated basement and a detached garage. Its appeal lies in the substantial outdoor space and the potential it offers in a coveted neighbourhood. The lot size is a standout feature, providing room for gardens, expansion, or simply a rare sense of privacy for the area. The recent basement renovation adds modern livable space, offsetting the smaller main floor footprint.
This property would suit a buyer who values land over square footage, such as a downsizer seeking manageable indoor space with a large yard, or a visionary buyer who sees the long-term potential to renovate or expand the existing home. It’s also a practical entry point into a desirable neighbourhood where the land itself is a key asset, often appreciating independently of the structure.
Frequently Asked Questions
Q: How does the lot size compare to nearby properties?
A: The lot is in the top 17% on Oak Street and the top 6% within Central River Heights, meaning it is substantially larger than most direct neighbours and area homes.
Q: The living area seems smaller. How does the renovated basement factor in?
A: The main living area is below average for Oak Street but around the citywide average. The renovated basement effectively adds functional square footage, making the total usable space more competitive and move-in ready.
Q: Is the assessed value in line with the recent sale price?
A: Yes. The property was assessed at $410k and sold for $390k in November 2023, indicating the sale was very close to its municipal valuation.
Q: What is the likely profile of other interested buyers?
A: Given the configuration, you can expect competition from downsizers seeking a large yard without a large house to maintain, and from investors or builders who recognize the value of the land for future redevelopment or renovation.
Q: Are there any obvious trade-offs with this property?
A: The primary trade-off is between the highly desirable large lot and the older, smaller home. Buyers gain exceptional outdoor space and location but may need to plan for updates or an expansion over time to increase the living area, which is reflected in the price point.
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