332 Oak Street

North River Heights, Winnipeg

Property score

62.4

Fair

Overall 62.4 · Smaller and older than most nearby homes

954 sqft (bottom 13%) · Built in 1926 (11 yrs older than avg)

Located in a high-income area with median household income of ~155k

Transit 70.0 · 7-min walk to transit with 3 nearby routes · Within 500m: 1 school, 1 park, 1 sports facility, and 1 place of worship nearby

Living Area

Below average

38% smaller than neighborhood avg.

Year Built

Below average

11 yrs older than neighborhood avg.

Mother tongue

English · 90%Chinese · 1%

Past 10 years North River Heights sales snapshot (~80% of all data)

Sold Count

770

Median price

480k

$/sqft

$319/sqft

Avg build year

1937

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Property score

62.4 is composed by the two sections below.

Property Score

40.0Low
Living Area954 sqft42Low
Year Built192620Low
Lot Size4,821 sqft60Fair
Neighbourhood Sales Activity37Low

Community Score

96.0Excellent
Household Income94Excellent
Education Level100Excellent
Housing Stress100Excellent
Core Housing Need100Excellent
Employment Health90Excellent

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110383

Community deep dive

$155K

Median household income

$196K

Average household income

4%

Low income (LIM-AT)

0.3

Income inequality (Gini)

3.6

P90 / P10 ratio

15%

Single-person households

41%

Families with children

Population, labour & age

Population (2021)532
Labour force participation rate78%
Median age42.4
Avg household size2.7
Unemployment rate7%
Population density3325 / km²

Households & income

Low income (LIM-AT, % pop.)4%
Single-person households15%
Couple families with children41%
Median household income (2020)$155K

Housing

Renter households5%
Condominium dwellings0%
Median dwelling value (owners)$500K

Diversity, education & language

Immigrants (share of pop.)9%
Visible minority6%
Bachelor's or higher (25–64)83%
Mother tongue (1st)English · 89%
Mother tongue (2nd)Chinese · 0%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

below average
954 sqft
0255075100
Same streetBottom 5%Same areaBottom 13%CitywideBottom 22%
Same street · Oak Street
#242 / 255
Bottom 5% · Avg 1,734 sqft
Same area · North River Heights
#1,876 / 2,168
Bottom 13% · Avg 1,540 sqft
Citywide · Winnipeg
#152,512 / 194,458
Bottom 22% · Avg 1,342 sqft

Tax-Assessed Value

above average
442k
0255075100
Same streetBottom 38%Same areaBottom 47%CitywideTop 30%
Same street · Oak Street
#157 / 255
Bottom 38% · Avg 548.4k
Same area · North River Heights
#1,141 / 2,168
Bottom 47% · Avg 479.3k
Citywide · Winnipeg
#57,858 / 194,458
Top 30% · Avg 390.1k

Year Built

below average
1926
0255075100
Same streetBottom 22%Same areaBottom 27%CitywideBottom 15%

Lot Size

around average
4,821 sqft
0255075100
Same streetBottom 20%Same areaTop 48%CitywideBottom 40%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

332 Oak Street — 4 amenities found within 500 m, across 4 categories, including 1 education (nearest 104 m), 1 parks (nearest 390 m).

Search radius
🏫Education1
🌳Parks1
💪Sports1
Worship1

Crime & Safety

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%

Sales History

Sold 12/2023CA$400k–450k
Sold price

Same street

Bottom 33%

Same area

Bottom 47%

City-wide

Top 30%

Related homes

Highlights & common questions: 332 Oak Street, Winnipeg

Property Overview: 332 Oak Street, Winnipeg

Key Characteristics & Appeal

This is a compact, century-old home in North River Heights, built in 1926. With 954 square feet of living space, it is notably smaller than most homes on its street and in the neighbourhood. However, it sits on a decent-sized lot of just over 4,800 square feet, which is quite typical for the area. The home’s assessed value of $442,000 is around the average for North River Heights but ranks above average when compared to the entire city, suggesting its value is anchored more by its desirable location than by the size of the house itself.

The primary appeal lies in securing a property in a well-regarded, established neighbourhood without the premium price tag of a larger home. It last sold for an estimated $400,000–$450,000 in late 2023. This property would suit first-time buyers or downsizers seeking an entry point into a mature community, or investors looking for a character home with land value. A thoughtful perspective is that while the house requires consideration for updates due to its age, the lot offers standard development potential for the area, providing a balance of immediate utility and future possibility.

Frequently Asked Questions

1. How does the home’s smaller size impact its value?
The below-average living area is a key factor in its pricing, making it more accessible. The value is supported by its location in North River Heights and its city-wide above-average assessment, indicating you are paying predominantly for the neighbourhood and land.

2. What should I consider about a home built in 1926?
Expect character but also plan for the maintenance and potential updating needs of a century-old home, such as plumbing, electrical, and insulation. A thorough inspection is essential to understand the condition of the original components.

3. Is the lot size a good feature?
At 4,821 sq. ft., the lot is very typical for North River Heights. It’s not oversized for the street, but it is proportional and offers standard outdoor space for the neighbourhood, with no notable constraints or advantages compared to immediate neighbours.

4. The sold price shows a range. How can I get the exact figure?
The site provides sold price ranges based on public data. To receive the exact sale price and full transaction history, you must request a manual lookup via email, as this information is not sourced from the MLS.

5. How does this property compare to others nearby?
It is among the smaller and older homes on Oak Street. Direct neighbours are homes of similar vintage, creating a consistent streetscape. Its assessed value is competitive within the area, sitting in the middle of the pack for the neighbourhood.

Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.