85.2
Excellent
Property score
85.2
Excellent
Overall 85.2
Larger and newer than most nearby homes
2,368 sqft (top 2%)
Built in 1954 (1 yr newer than avg)
Located in a high-income area
with median household income of ~143k
Transit 80.0
3-min walk to transit with 3 nearby routes
Within 500m: 1 dining spot, 1 school, 1 park, and 1 bank/ATM nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Above average
76% larger than neighborhood avg.
Year Built
Above average
1 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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85.2 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
701 Oak Street — 5 amenities found within 500 m, across 5 categories, including 1 dining (nearest 350 m), 1 education (nearest 192 m), 1 parks (nearest 233 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 | Top 13% | Top 2% | Top 5% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 26% | Top 10% | Top 11% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 701 Oak Street, Central River Heights
Section 1: Key Characteristics & Appeal
This well-situated two-storey home in Central River Heights offers a compelling blend of space, location, and established character. Built in 1954, it sits on a generously sized lot that ranks within the top 9% on its own street and the top 2% within the desirable neighbourhood for land area. The living space is a significant highlight, at 2,368 sqft, placing it in the elite top 2-4% for size both in the area and city-wide. A key modern update is the renovated basement, adding functional living space, while the property retains classic features like a detached garage.
The primary appeal lies in its above-average and elite rankings across core metrics for the location. It represents a substantial home on a large lot in a prime, established neighbourhood. This isn't a starter home; it suits buyers looking for established character with room to grow, perhaps a family seeking space without moving to the suburbs, or someone who values a larger property footprint close to urban amenities. The recent sale history suggests a market that recognizes its premium positioning within the area.
Section 2: Frequently Asked Questions
1. How does the assessed value relate to the likely market price?
While the assessed value is a municipal figure for tax purposes, its elite ranking (top 3% in the neighbourhood) strongly indicates the property is considered a high-value home in its area. Market price is influenced by many factors, but this assessment confirms the home's substantial standing.
2. What does the lot size mean for potential buyers?
At nearly 7,811 sqft, the lot is significantly larger than most in Central River Heights. This offers rare potential for gardening, outdoor living, expansion, or simply more privacy and distance from neighbours—a premium feature in mature neighbourhoods.
3. The home was built in 1954. What should I consider?
While the basement has been renovated, the core structure is 70+ years old. Prospective buyers should prioritize a thorough inspection to understand the condition of major aging components like the roof, plumbing, electrical, and foundation, balanced against the charm and build quality of the era.
4. The sale price in 2020 was significantly different from 2017. What does this indicate?
This likely reflects normal market fluctuations and unique circumstances of each sale, not a drop in value. The consistent elite rankings for living area and lot size suggest the underlying value propositions of the property have remained strong.
5. Who would this home not suit?
It may not suit those seeking a brand-new, low-maintenance property, as some updates may be needed. The detached garage, while charming, may not appeal to those wanting integrated parking. It's also likely above the price point for first-time buyers targeting the area.
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