Property score
73.5
Good
Overall 73.5 · Larger than most nearby homes
1,689 sqft (top 22%) · Built in 1977 (1 yr newer than avg)
Located in a above-average income area with median household income of ~76.5k
Transit 88.0 · 1-min walk to transit with 3 nearby routes · Within 500m: 4 dining spots, 1 healthcare facility, 3 shops, and 2 parks nearby
Living Area
Above average
21% larger than neighborhood avg.
Year Built
Near average
1 yrs newer than neighborhood avg.
Mother tongue
English · 76%Punjabi · 2%
Past 10 years River East sales snapshot (~80% of all data)
826
425k
$395/sqft
1976
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73.5 is composed by the two sections below.
Property Score
Community Score
River East
How to read: Share of sales in each ~$50k price band for “river east” (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: #46110744
$77K
Median household income
$94K
Average household income
8%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.2
P90 / P10 ratio
40%
Single-person households
18%
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
20 Reichert Street — 10 amenities found within 500 m, across 4 categories, including 4 dining (nearest 198 m), 1 healthcare (nearest 57 m), 3 shopping (nearest 303 m).
River East · WPS public data · 2026
Annual incidents
17
2026
vs. city avg
-42%
relative to avg
Year-over-year
▼ -92%
vs. prior year
Primary type
Property
71%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 50% | Top 6% | Top 11% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Top 35% | Top 32% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 20 Reichert Street, River East, Winnipeg
Section 1: Key Characteristics & Appeal
This 1977-built home on a large, 8,815 sqft lot presents a solid, above-average offering in Winnipeg's River East neighborhood. Its primary appeal lies in its balanced combination of space, value, and established location. With 1,689 sqft of living area, the home is notably more spacious than both the neighborhood and city averages, providing ample room for a growing family or those who value extra space. The lot size is a significant asset, ranking in the top 16% of River East and the top 9% city-wide, offering excellent potential for gardening, recreation, or future expansion.
The property’s assessed value of $509k sits comfortably above averages at every level, particularly ranking in the top 10% for the neighborhood. This suggests a perception of durable value and a home that is a step above many in the area. Recent sale history shows strong appreciation, with the last sale in 2023 in the $500k-$550k range, up from $400k-$450k in 2021.
This home would best suit practical buyers looking for a established, spacious property in a mature neighborhood without venturing into premium luxury pricing. It’s ideal for those who prioritize indoor and outdoor space over a brand-new build, and for owners who see value in a lot with future potential. It represents a move-up option within River East or a competitive family home for someone comparing across the city.
Section 2: Frequently Asked Questions
1. How does this home truly compare to others nearby?
The data shows it’s a standout in its immediate area for value and lot size. While its living area is average for Reichert Street, its assessed value is second-highest on the street, and its lot is larger than most in both River East and Winnipeg overall.
2. What does the sale history indicate?
The home sold in 2021 and again in 2023, with a price increase of approximately $100k over those two years. This indicates strong market demand and appreciation for this specific property, though past performance is not a guarantee of future gains.
3. Is the assessed value a reliable indicator of the listing or sale price?
The assessed value ($509k) is for municipal tax purposes and is a benchmark. The last sold price range aligns with this assessment. Market conditions will determine the final listing or sale price, but the assessment suggests a strong valuation foundation.
4. What are the less obvious points to consider?
The home was built in 1977, which is average for the street and area. Buyers should budget for updates consistent with that era. Furthermore, while the lot is large, this also means higher maintenance or snow-clearing costs. The home's value ranks exceptionally high in the neighborhood (top 10%), which could be positive for equity but may also mean property taxes are proportionately higher.
5. How can I verify the exact past sale prices?
The site provides estimated price ranges. Due to industry rules, exact MLS sale figures are not displayed publicly here. You can request the exact sold price history by emailing the site directly for a manual lookup, which they provide without using your email for marketing.
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