51.2
Fair
Property score
51.2
Fair
Overall 51.2
Smaller and older than most nearby homes
750 sqft (bottom 1%)
Built in 1949 (4 yrs older than avg)
Located in a high-income area
with median household income of ~109k
Transit 94.0
1-min walk to transit with 4 nearby routes
Within 500m: 2 schools, 3 parks, 1 sports facility, and 2 bank/ATMs nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
44% smaller than neighborhood avg.
Year Built
Below average
4 yrs older than neighborhood avg.
Mother tongue
English · 68%Tagalog · 6%
Past 10 years Central River Heights sales snapshot (~80% of all data)
426
580k
$326/sqft
1953
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51.2 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: #46110426
$109K
Median household income
$112K
Average household income
7%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
22%
Single-person households
33%
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
683 Cambridge Street — 10 amenities found within 500 m, across 5 categories, including 2 education (nearest 384 m), 3 parks (nearest 319 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 6% | Bottom 34% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Appeal
This one-storey home on a standard-sized lot in Central River Heights presents a specific and compelling opportunity. Its key characteristic is a clear value proposition centered on land and location rather than the existing living space. With a modest 750 sqft house built in 1949, the appeal lies primarily in its potential. The renovated basement adds functional space, and the detached garage offers utility. The lot size is typical for the street, but the property's assessed value sits below area averages, suggesting room for equity growth.
It would suit a buyer looking for an entry point into a desirable, established neighbourhood like River Heights. This could be a practical first home, a downsizing option, or a strategic purchase for an investor or builder. The property is less suited for those seeking immediate move-in condition with ample above-ground space, and more for those who see value in the underlying asset and are comfortable with a project, whether a renovation, expansion, or future redevelopment.
Frequently Asked Questions
1. Is the house livable in its current state?
While the basement is renovated, the main living area is notably compact at 750 sqft. Buyers should be prepared for a home that may require updates or creative use of space to suit modern needs.
2. Why is the assessed value lower than the neighbourhood average?
The assessment likely reflects the home's smaller size and older construction relative to many larger, updated homes in River Heights. This can represent a value opportunity, as the price is more closely tied to the land and location.
3. What are the possibilities for expanding the living space?
The standard lot size and one-storey structure could allow for a vertical addition (a second storey) or a rear extension, subject to local zoning and building bylaws. This potential is a key consideration for many buyers.
4. How does the recent sale price compare?
The property sold for $286,000 in mid-2021. Market conditions have shifted since then, so this figure is a historical data point. Current value will be influenced by recent comparable sales, interest rates, and the property's specific condition.
5. What is less obvious about this property's potential?
Beyond a simple renovation, the combination of a below-average assessment and a central lot creates a buffer for investment. Improvements could capture significant equity, as you're enhancing a property in a high-demand area where values are anchored by more expensive homes. It’s a play on the neighbourhood's overall stability rather than the house's current state.
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