71.4
Good
Property score
71.4
Good
Overall 71.4
Smaller but newer than most nearby homes
1,232 sqft (bottom 30%)
Built in 1946 (9 yrs newer than avg)
Located in a high-income area
with median household income of ~123k
Transit 82.0
1-min walk to transit with 2 nearby routes
Within 500m: 3 parks, 1 sports facility, and 1 place of worship nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
20% smaller than neighborhood avg.
Year Built
Above average
9 yrs newer than neighborhood avg.
Mother tongue
English · 90%French · 2%
Past 10 years North River Heights sales snapshot (~80% of all data)
770
480k
$319/sqft
1937
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71.4 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: #46110385
$123K
Median household income
$132K
Average household income
9%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.7
P90 / P10 ratio
19%
Single-person households
36%
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
494 Oxford Street — 5 amenities found within 500 m, across 3 categories, including 3 parks (nearest 223 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 39% | Bottom 40% | Top 35% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 3% | Bottom 4% | Bottom 29% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 494 Oxford Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 494 Oxford Street in North River Heights is a practical, post-war property built in 1946. With 1,232 square feet of living space on a 4,510 sqft lot, its size is modest but functional, sitting around the city-wide average for interior space. The current assessed value of $385k is notably below the average for both its immediate street and the broader North River Heights area, suggesting it may represent a more accessible entry point into this established neighbourhood.
The primary appeal lies in its value positioning within a desirable area. For buyers, it offers the benefits of North River Heights—mature trees, character, and convenient location—without the premium price tag of larger, renovated homes on the street. Its recent sale in early 2025 (in the $350k-$400k range) following a previous sale in 2021 ($250k-$300k range) indicates active market interest and potential for equity growth.
This property would best suit a first-time homebuyer, a downsizer, or an investor looking for a solid, no-frills character home in a prime location. It’s for someone who values location over sheer size and sees potential in a home that is competitively priced for its area. A thoughtful perspective is that its smaller lot size, while below the street average, translates to less exterior maintenance—a potential upside for those seeking a manageable yard.
Section 2: Frequently Asked Questions
1. Is this a good value for North River Heights?
The data suggests it is. The home’s assessed and recent sale values are consistently below the averages for both Oxford Street and the North River Heights area, indicating it’s a relatively affordable option in this neighbourhood.
2. How does the home’s size compare to others?
At 1,232 sqft, the living area is smaller than most direct neighbours on Oxford Street but is actually close to the overall city-wide average. This points to a compact, efficient layout rather than an unusually small home.
3. What does the sale history tell us?
The home sold twice in a roughly four-year period (2021 and early 2025). The price increased between sales, demonstrating market demand. This turnover might indicate it’s well-suited as a starter home or a solid investment property.
4. The lot seems smaller than others on the street. Is that a concern?
The lot is indeed below the street average. However, it is near the average for the wider area and city. This means more manageable upkeep, but potentially less private outdoor space compared to some immediate neighbours.
5. How can I get the exact past sale prices?
The precise sale figures are not publicly displayed due to industry regulations. You can request the exact sold price history by emailing the site directly; they will provide the verified figures manually at no cost.
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