Property score
75.3
Good
Overall 75.3 · Larger but older than most nearby homes
1,862 sqft (top 23%) · Built in 1920 (17 yrs older than avg)
Located in a high-income area with median household income of ~121k
Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 3 dining spots, 2 schools, 1 fuel station, and 1 place of worship nearby
Living Area
Above average
21% larger than neighborhood avg.
Year Built
Below average
17 yrs older than neighborhood avg.
Mother tongue
English · 88%French · 1%
Past 10 years North River Heights sales snapshot (~80% of all data)
770
480k
$319/sqft
1937
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75.3 is composed by the two sections below.
Property Score
Community Score
North River Heights
How to read: Share of sales in each ~$50k price band for “north 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: #46110381
$121K
Median household income
$160K
Average household income
9%
Low income (LIM-AT)
0.3
Income inequality (Gini)
5.0
P90 / P10 ratio
30%
Single-person households
30%
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
221 Oak Street — 7 amenities found within 500 m, across 4 categories, including 3 dining (nearest 285 m), 2 education (nearest 284 m).
North River Heights · WPS public data · 2026
Annual incidents
7
2026
vs. city avg
-76%
relative to avg
Year-over-year
▼ -97%
vs. prior year
Primary type
Property
57%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 49% | Top 37% | Top 22% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
This 1920s home at 221 Oak Street in North River Heights offers a blend of established character and practical space. Its key appeal lies in its above-average living area compared to both the neighbourhood and the wider city, providing generous interior space on a standard city lot. With an assessed value of $505,000, it sits above the city-wide average, suggesting a solid investment in a desirable area. The home’s age (106 years) means it is notably older than most in its immediate vicinity, which can be a draw for those seeking classic architecture but also indicates a greater potential need for updates and maintenance.
This property would suit a buyer looking for a character home with room to grow, who values the mature, established feel of North River Heights. It’s ideal for someone comfortable with the realities and rewards of an older home, possibly a DIY enthusiast or a family not needing a brand-new build. The numbers suggest you are paying more for the location and interior space than for the lot or newness of the structure.
A less obvious perspective is the value stability it represents. Its assessed value ranks significantly higher city-wide than within its own affluent neighbourhood, indicating it may hold its value well against market fluctuations. Additionally, its last known sale was between $450k-$500k in 2017, which, compared to the current assessment, suggests a history of reasonable appreciation.
1. How does the home’s age impact its value and appeal?
Built in 1920, the home is older than roughly 90% of nearby houses. This typically means classic charm and possibly sturdy construction, but it also implies that major systems (like plumbing, electrical, or the roof) may have been updated or could require attention. Its appeal is to buyers prioritizing character over modern convenience.
2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($505k) is for municipal tax purposes and is often different from market value. However, it provides a useful benchmark. This home’s assessment is above the Winnipeg average but around the middle for Oak Street itself, suggesting it is a fairly typical property for this specific, sought-after street.
3. How does the lot size compare?
At 4,823 sq. ft., the lot is fairly average for North River Heights and Winnipeg overall. It provides a standard city yard but is not an exceptionally large parcel. The value here is in the home's interior space and location rather than extensive outdoor land.
4. What does the sold price history tell us?
The home last sold in August 2017 for an estimated $450,000-$500,000. Given the current assessed value, this indicates a history of stable or modest appreciation. For an exact sale history, you must request the information directly from the site via email, as they do not publish MLS data.
5. Who would this home not be suitable for?
It may not suit buyers seeking a modern, low-maintenance "turn-key" property or those with a strict budget that cannot accommodate potential updates. It’s also not for someone wanting a vast yard, as the lot size is standard for the area.
