Property score
51.2
Fair
Overall 51.2 · Smaller than most nearby homes
672 sqft (bottom 1%) · Built in 1929 (8 yrs older 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
Living Area
Below average
56% smaller than neighborhood avg.
Year Built
Near average
8 yrs older 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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51.2 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
497 Oxford Street — 5 amenities found within 500 m, across 3 categories, including 3 parks (nearest 269 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 10% | Bottom 9% | Bottom 38% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 497 Oxford Street, Winnipeg
Key Characteristics & Appeal
This is a compact, character home built in 1929, situated on a standard city lot in the established North River Heights neighbourhood. Its primary characteristic is its modest 672 sqft living area, which is notably smaller than most homes on its street and in the area. This results in a correspondingly lower assessed value ($341k) compared to neighbouring properties, placing it in a more accessible price bracket for the desirable location.
The appeal lies in this unique value proposition: an entry point into a mature, sought-after community. It suits a specific buyer—perhaps a first-time homeowner, downsizer, or investor—who prioritizes location over square footage and sees potential in a smaller, manageable footprint. The lot size of 4,330 sqft is consistent with the area and offers valuable outdoor space relative to the home's size. A thoughtful perspective is that this property represents the "bones" of the neighbourhood—a chance to own a classic lot and home style, with the trade-off being a need for efficient use of space or a vision for thoughtful expansion. Its last known sale was between $250k-$300k in mid-2019.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $341k is for municipal tax purposes. Notably, it is below average for North River Heights but close to the city-wide average. Market conditions, the home's condition, and its unique size will be the true determinants of sale price.
2. How does the small living area impact livability?
At 672 sqft, the home is significantly smaller than area averages. It would require efficient design and is likely best for one or two people. Viewing the floor plan is essential to understand the layout and flow.
3. What are the implications of the home's age (built in 1929)?
A home of this age offers classic charm but warrants a thorough inspection. It may have original features, but potential buyers should budget for updates to systems like wiring, plumbing, or insulation to meet modern standards.
4. The sold price from 2019 seems much lower than the current assessed value. Why?
The 2019 sale price range ($250k-$300k) reflects the market at that time. The increase to the current assessed value aligns with broader market appreciation over the past six years. The exact sale price can be requested from the site.
5. Who would this property not suit?
It is not ideal for buyers seeking a move-in-ready, spacious family home. Those needing multiple bedrooms, ample storage, or who prefer new builds without renovation considerations would likely find this property too compact and requiring potential updates.
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