55.5
Fair
Property score
55.5
Fair
Overall 55.5
Smaller but newer than most nearby homes
829 sqft (bottom 1%)
Built in 1953
Located in a high-income area
with median household income of ~109k
Transit 88.0
1-min walk to transit with 3 nearby routes
Within 500m: 3 schools, 1 healthcare facility, 2 parks, and 1 sports facility nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
38% smaller than neighborhood avg.
Year Built
Above average
0 yrs newer 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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55.5 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
698 Oxford Street — 10 amenities found within 500 m, across 6 categories, including 3 education (nearest 162 m), 1 healthcare (nearest 480 m), 2 parks (nearest 264 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 9% | Bottom 8% | Bottom 37% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Key Characteristics
This is a modest, one-storey home built in 1953 on a generous 4,799 sqft lot in Central River Heights. Its primary appeal lies in its land value and location, rather than the current dwelling. The house itself is quite small at 829 sqft, with an unrenovated basement and no garage. The assessed value is significantly lower than area averages, indicating the property is valued largely for its land.
It would suit a specific type of buyer: an investor, a builder, or a hands-on purchaser looking for a land opportunity in a well-established neighbourhood. This is a potential redevelopment site or a major renovation project. It is less suited for someone seeking a move-in ready home or who needs substantial living space as it currently stands.
Frequently Asked Questions
1. Why is the assessed value so much lower than neighbouring homes?
The low assessment primarily reflects the value of the land and the modest, unrenovated state of the existing structure, not the potential value of a new or significantly improved home on the lot.
2. Is this strictly a tear-down property?
Not necessarily. While the data suggests redevelopment is a strong possibility, the 1953-built home could also be a candidate for a major expansion and renovation, given the ample lot size.
3. What are the less obvious considerations for a property like this?
Beyond construction costs, consider the timeline and potential inconvenience of a major project in a mature neighbourhood. Also, research the neighbourhood's character and any informal guidelines regarding new builds or additions to ensure your plans align.
4. How does the lot size compare practically?
At 4,799 sqft, the lot is above average for Central River Heights. This provides valuable flexibility for landscaping, adding a garage, or building a larger footprint home than currently exists, which is a key asset.
5. What can nearby sale prices tell me?
The sale of the similar, slightly larger house next door at 690 Oxford Street in 2021 provides a recent benchmark for land value in this immediate block, which is more relevant than averages for renovated homes in the wider area.
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