Central River Heights, Winnipeg
Property score
78.4
Good
Overall 78.4 · Larger and newer than most nearby homes
1,626 sqft (top 19%) · Built in 1953
Located in a high-income area with median household income of ~143k
Transit 88.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 1 dining spot, 1 school, 1 park, and 1 bank/ATM nearby
Living Area
Above average
21% larger 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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78.4 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
729 Oak Street — 6 amenities found within 500 m, across 5 categories, including 1 dining (nearest 315 m), 1 education (nearest 172 m), 1 parks (nearest 310 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 20% | Bottom 45% | Top 34% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 729 Oak Street, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated two-storey home in Central River Heights presents a balanced offering for buyers seeking established character with practical updates. Built in 1953, it is notably newer than many neighbouring homes, potentially suggesting fewer age-related concerns. The 1,626 sqft living area is spacious for the neighbourhood, offering above-average interior space compared to nearby homes. The property sits on a 5,047 sqft lot that is standard for the street, providing typical outdoor space for the area. A key modern feature is the renovated basement, adding valuable finished living space. The home includes a detached garage.
Its appeal lies in its strong positional metrics within a desirable neighbourhood. It offers more modern construction than its immediate peers while providing larger-than-average living space for Central River Heights. This combination suits buyers who want the charm and location of an older neighbourhood but in a home that feels relatively updated and roomy. It would particularly suit a young family or professional couple looking for move-in-ready space without the premium for a fully new build, or a downsizer seeking a manageable yet spacious home in a prime, established area.
Section 2: Frequently Asked Questions
1. How does the 2016 sale price relate to today’s value?
The home sold for $39,500 in 2016. The current assessed value is $47,400. This historical data shows a trend, but market conditions have changed significantly since then. A current market evaluation is essential to determine the present listing and sale price.
2. What does "above average for the neighbourhood" really mean for living space?
While the home’s living area is around average for Oak Street itself, it ranks in the top 19% compared to all homes in Central River Heights. This means you’re getting more interior space than over 80% of comparable homes in the wider neighbourhood, a significant advantage for daily living.
3. Is a 1953 home considered old for this area?
No, it’s actually considered newer. The home ranks in the top 27% for year built on its street and in Central River Heights, meaning it was built after approximately 73% of its peers. In this context, its 1953 build date is a relative advantage.
4. What are the implications of the detached garage?
A detached garage offers flexibility—it could be used as a workshop or studio without concerns about noise or fumes entering the house. However, it may be less convenient during harsh Winnipeg winters compared to an attached garage.
5. How should I interpret the lot size rankings?
The lot is around average for the street, smaller than average for Central River Heights, and around average citywide. This indicates the property is on a standard city lot for Oak Street, which typically offers less land than some other parts of the neighbourhood but is not unusually small overall. It prioritizes location and house size over extensive private outdoor space.
