73.5
Good
Property score
73.5
Good
Overall 73.5
Newer than most nearby homes
1,217 sqft (bottom 44%)
Built in 1953
Located in a high-income area
with median household income of ~143k
Transit 80.0
2-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
Near average
10% 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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73.5 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: #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
717 Oak Street — 6 amenities found within 500 m, across 5 categories, including 1 dining (nearest 326 m), 1 education (nearest 173 m), 1 parks (nearest 275 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 17% | Top 4% | Top 6% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This one-storey home at 717 Oak Street in Winnipeg's Central River Heights presents a compelling opportunity centered on its generous lot and desirable location. Built in 1953, the house itself is modest in size at 1,217 sqft, but it sits on a well-above-average lot of over 6,000 sqft for the neighbourhood. Key features include a detached garage and a renovated basement. The property’s primary appeal lies in its land value and location within a sought-after area, having sold for $620k in mid-2022—a price that ranked well above local averages at the time. It would best suit a buyer who values outdoor space and location over a large existing footprint, ideal for someone planning future expansions, additions, or simply wanting a sizable yard in a central community. It's a property where the land is the standout asset, offering potential that the current living area does not.
Frequently Asked Questions
1. Is the house move-in ready?
While specific interior condition isn't detailed, the listing notes a renovated basement. The home is from 1953, so a prospective buyer should budget for potential updates to main-floor systems or finishes.
2. What makes this property worth the sale price given the smaller house size?
The price reflects the premium for location and land. The lot size is in the top 30% on its street and top 19% in Central River Heights, making the land itself a significant asset in a mature, central neighbourhood.
3. How does the assessed value relate to the sale price?
The last assessed value was significantly lower ($50.20k), which is common for municipal tax assessments in Manitoba. The $620k sale price is the true market indicator, reflecting what buyers were willing to pay for this type of property in 2022.
4. What is the potential for adding on or rebuilding?
The large lot provides excellent potential for an addition or even a future rebuild (subject to zoning bylaws). This is a key draw for buyers looking to customize or expand over time.
5. How does this property compare to others on the street?
It has a newer build year than most on Oak Street, but a smaller living area. Its standout feature is the lot size, which is above the street average, and its 2022 sale price was in the top quarter of sales for the street.
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