Property score
80.5
Excellent
Overall 80.5 · Larger but older than most nearby homes
2,025 sqft (top 16%) · Built in 1923 (14 yrs older than avg)
Located in a high-income area with median household income of ~162k
Transit 68.0 · 3-min walk to transit with 1 nearby route · Within 500m: 3 dining spots, 2 schools, 1 fuel station, and 1 place of worship nearby
Living Area
Above average
32% larger than neighborhood avg.
Year Built
Below average
14 yrs older than neighborhood avg.
Mother tongue
English · 89%French · 2%
Past 10 years North River Heights sales snapshot (~80% of all data)
770
480k
$319/sqft
1937
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80.5 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: #46110664
$162K
Median household income
$202K
Average household income
3%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
18%
Single-person households
39%
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
226 Oak Street — 7 amenities found within 500 m, across 4 categories, including 3 dining (nearest 330 m), 2 education (nearest 295 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 | Bottom 41% | Top 46% | Top 27% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 226 Oak Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home at 226 Oak Street is a character property built in 1923, offering above-average space and value within its sought-after North River Heights neighbourhood. With 2,025 square feet of living area, the home provides significantly more interior space than most comparable properties in Winnipeg, ranking within the top 10% city-wide. Its assessed value of $646,000 further underscores its premium positioning, placing it in the elite top 5% of homes across the city for value.
The appeal lies in this combination of generous, well-proportioned space and a solid valuation within a mature, established community. The lot size is typical for the area, offering a balanced outdoor space without excessive maintenance. A thoughtful perspective is that while the home is older, this is consistent with the charming, historic fabric of North River Heights. The data suggests you are paying primarily for the desirable location and the substantial interior volume, rather than for an oversized parcel of land.
This property would best suit buyers looking for a character home with ample room, who value neighbourhood prestige and statistical value over a modern build date. It’s ideal for those who appreciate established communities and are possibly prepared to update an older home to personalize it.
Frequently Asked Questions
1. How does the age of the home affect its value?
While the 1923 build date is older than most, it is characteristic of the neighbourhood. The assessed value indicates the property's worth has been judged on its overall offering—location, size, and condition—rather than age alone. Buyers should budget for potential updates consistent with a home of this era.
2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value is for municipal tax purposes and is a strong benchmark, showing the home is valued highly compared to others. However, market conditions, specific home features, and recent renovations will ultimately determine the final sale price.
3. The lot seems smaller than some neighbours'. Is that a concern?
The land area is around the average for North River Heights. The data indicates the property’s premium is driven by the living space and location, not an exceptionally large lot. This can be an advantage for those seeking less yard maintenance.
4. What can the 2019 sale price tell me?
The previous sale price (listed in a broad range between $400k-$450k in 2019) shows historical context. The significant increase to the current assessed value reflects market appreciation and reinforces the property's high-value ranking city-wide.
5. How does this home truly compare to others nearby?
The rankings show this home offers more living space than 74% of homes on its own street and 84% in North River Heights. For value, it outranks 79% of street properties and 91% in the area. It is a standout for size and perceived value within an already desirable location.
