Property score
91.4
Excellent
Overall 91.4 · Larger and newer than most nearby homes
2,277 sqft (top 9%) · Built in 2023 (86 yrs newer 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
Above average
48% larger than neighborhood avg.
Year Built
Above average
86 yrs newer than neighborhood avg.
Mother tongue
English · 90%Chinese · 1%
Past 10 years North River Heights sales snapshot (~80% of all data)
770
480k
$319/sqft
1937
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91.4 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: #46110383
$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
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
388 Oak Street — 4 amenities found within 500 m, across 4 categories, including 1 education (nearest 244 m), 1 parks (nearest 219 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 1% | Bottom 6% | Bottom 31% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 388 Oak Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This 2023-built home in North River Heights stands out for its modern construction and generous proportions. With 2,277 sqft of living space, it ranks within the top 5-9% of homes citywide and in the neighbourhood for size, offering significantly more interior room than the average Winnipeg house. Its assessed value of $1.22M places it in the elite top 1-2% across all comparison levels, reflecting its premium market position. The lot size of 4,819 sqft is around the neighbourhood average but smaller than many on its specific street.
The primary appeal lies in acquiring a like-new, high-specification home in a mature, established area without the wait or uncertainties of new construction. It perfectly suits buyers who prioritize modern layouts, energy efficiency, and minimal immediate maintenance, and who are willing to pay a premium for a turnkey property in a prime location. A thoughtful perspective is that this home represents a trade-off: you gain a modern interior on a manageable lot, but forego the larger yard space typical of older homes in the area. It’s an ideal fit for professionals or empty-nesters seeking low-maintenance, upscale living without leaving a coveted neighbourhood.
Frequently Asked Questions
1. Why is the assessed value so much higher than neighbouring properties?
The assessment reflects the home's very recent construction (2023) and its substantial square footage. As a modern build with current materials and finishes, it carries a significantly higher value than the older, often smaller homes that dominate the street and area.
2. Is the property tax bill proportionate to the assessed value?
Yes, property taxes are calculated based on the mill rate and this assessed value. Prospective buyers should budget for tax payments that align with this home's elite valuation tier, which will be considerably higher than those for a typical older home in North River Heights.
3. What does "below average" land area for the street mean for outdoor space?
While the lot is near the neighbourhood average, it's smaller than most on Oak Street. This suggests a more efficient yard layout, likely requiring less maintenance, but may limit possibilities for large additions, pools, or extensive landscaping compared to direct neighbours.
4. How reliable is the sold price data from 2020 shown here?
The listed sale from 2020 likely represents the transaction for the vacant lot or a previous structure before the current home was built. It is not indicative of the current home's market value. For verified, exact sales history, you must request a manual lookup via the provided email service.
5. Does this modern design fit with the character of North River Heights?
This is a key consideration. The home offers contemporary comforts in a traditional neighbourhood. Buyers should visit to see if the architecture and scale harmonize with the surrounding streetscape, which typically features older, varied housing styles.
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