70.7
Good
Property score
70.7
Good
Overall 70.7
Newer than most nearby homes
1,167 sqft (bottom 38%)
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
Below average
13% 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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70.7 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
721 Oak Street — 6 amenities found within 500 m, across 5 categories, including 1 dining (nearest 321 m), 1 education (nearest 171 m), 1 parks (nearest 287 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 10% | Bottom 26% | Top 46% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 721 Oak Street, Central River Heights, Winnipeg
Key Characteristics & Appeal
This is a well-situated, single-storey home in the established Central River Heights neighbourhood. Built in 1953, it is notably newer than many homes on its street and in the immediate area. The property sits on a generous, approximately 5,900 sqft lot that is above average for the city, offering valuable outdoor space. While the living area (1,167 sqft) is modest, the home features a renovated basement and a detached garage.
Its primary appeal lies in its location and land value within a sought-after neighbourhood. It represents an opportunity for buyers looking to enter the River Heights area, where the land itself is a significant asset. The renovated basement adds functional living space, making it suitable for small families, downsizers, or investors. It’s a property with a "good bones" character: the lot size and newer build year (for the area) provide a solid foundation, while the interior offers a project-friendly scale for personal updates. A thoughtful perspective is that this home may appeal to those who prioritize neighbourhood and yard space over a large interior footprint, viewing the house as a canvas to tailor over time.
Frequently Asked Questions
1. How does the assessed value relate to the likely market price?
The assessed value is for municipal tax purposes and is typically lower than market value. The last recorded sale was in 2016 for $350k. Current market price would be determined by recent sales of comparable properties, market conditions, and the home's updated condition.
2. Is the living space too small for a family?
The main floor living area is compact. However, the renovated basement significantly increases the usable square footage, potentially providing space for additional bedrooms, a family room, or a home office, making it functional for a small family.
3. What are the implications of a detached garage?
A detached garage offers flexibility—it could be used as a workshop or studio without affecting the main house. The trade-off is convenience, as you must go outside to access it, which can be a consideration during Winnipeg winters.
4. The home is older; what should I be mindful of?
While built later than many neighbours, a 1953 home will still have age-related considerations. A thorough inspection should check the condition of the roof, foundation, plumbing, electrical systems, and the quality of the basement renovation to ensure it is properly insulated and waterproofed.
5. How does this property compare to others in Central River Heights?
The data shows this home sits on a larger-than-average lot for the city but has a smaller main floor living area than many on its specific street. Its key comparative advantages are its lot size and its newer construction date relative to the immediate neighbourhood, which can mean fewer legacy maintenance issues.
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