23 Zacharias Place

River East, Winnipeg

Property score

83.4

Excellent

Overall 83.4 · Larger than most nearby homes

1,725 sqft (top 21%) · Built in 1978 (2 yrs newer than avg)

Located in a high-income area with median household income of ~130k

Transit 74.0 · 4-min walk to transit with 2 nearby routes · Within 500m: 3 parks nearby

Living Area

Above average

23% larger than neighborhood avg.

Year Built

Near average

2 yrs newer than neighborhood avg.

Mother tongue

English · 79%Chinese · 1%

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

Sold Count

826

Median price

425k

$/sqft

$395/sqft

Avg build year

1976

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Property score

83.4 is composed by the two sections below.

Property Score

80.3Excellent
Living Area1,725 sqft86Excellent
Year Built197867Good
Lot Size7,720 sqft91Excellent
Neighbourhood Sales Activity32Low

Community Score

88.0Excellent
Household Income92Excellent
Education Level72Good
Housing Stress100Excellent
Core Housing Need100Excellent
Employment Health76Good

Neighbourhood Sales

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.

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: #46110738

Community deep dive

$130K

Median household income

$138K

Average household income

1%

Low income (LIM-AT)

0.2

Income inequality (Gini)

2.6

P90 / P10 ratio

14%

Single-person households

35%

Families with children

Population, labour & age

Population (2021)456
Labour force participation rate66%
Median age46.8
Avg household size2.7
Unemployment rate5%
Population density2533 / km²

Households & income

Low income (LIM-AT, % pop.)1%
Single-person households14%
Couple families with children35%
Median household income (2020)$130K

Housing

Renter households0%
Condominium dwellings0%
Median dwelling value (owners)$452K

Diversity, education & language

Immigrants (share of pop.)10%
Visible minority7%
Bachelor's or higher (25–64)37%
Mother tongue (1st)English · 79%
Mother tongue (2nd)Chinese · 1%

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

Rankings

Living Area

above average
1,725 sqft
0255075100
Same streetBottom 1%Same areaTop 21%CitywideTop 20%
Same street · Zacharias Place
#6 / 6
Bottom 1% · Avg 2,044 sqft
Same area · River East
#590 / 2,836
Top 21% · Avg 1,399 sqft
Citywide · Winnipeg
#38,810 / 194,458
Top 20% · Avg 1,342 sqft

Tax-Assessed Value

above average
499k
0255075100
Same streetBottom 17%Same areaTop 12%CitywideTop 20%
Same street · Zacharias Place
#5 / 6
Bottom 17% · Avg 530.5k
Same area · River East
#332 / 2,836
Top 12% · Avg 401.1k
Citywide · Winnipeg
#38,748 / 194,458
Top 20% · Avg 390.1k

Year Built

around average
1978
0255075100
Same streetBottom 1%Same areaTop 34%CitywideTop 35%

Lot Size

above average
7,720 sqft
0255075100
Same streetBottom 33%Same areaTop 23%CitywideTop 12%

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

23 Zacharias Place — 3 amenities found within 500 m, across 1 categories, including 3 parks (nearest 319 m).

Search radius
🌳Parks3

Crime & Safety

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%

Sales History

Sold 7/2017CA$400k–450k
Sold price

Same street

Bottom 1%

Same area

Top 36%

City-wide

Top 33%

Related homes

Highlights & common questions: 23 Zacharias Place, Winnipeg

Property Overview: 23 Zacharias Place, River East, Winnipeg

Section 1: Key Characteristics & Appeal

This 1978-built home in River East presents a compelling mix of space, value, and location. With 1,725 sqft of living area, it offers above-average space for both the neighborhood and the city, providing ample room for a growing family or those seeking a comfortable layout. The lot size of 7,720 sqft is notably generous, ranking in the top 12% city-wide, which is a significant asset for outdoor living, gardening, or future expansion.

The primary appeal lies in its strong value positioning within a desirable community. While it is one of the smaller and older homes on its specific street, its assessed value of $499k sits well above the neighborhood and city averages. This suggests you are paying for the location and land within River East, rather than for a premium-sized home on that particular block. It last sold in 2017 for between $400k-$450k, indicating substantial equity growth since then.

This property would best suit practical buyers who prioritize a large yard and established community over a brand-new or street-dominant home. It’s ideal for those looking for a solid, spacious house in a good area without paying a premium for the absolute largest property on the block. It represents an opportunity to enter a well-ranked neighborhood where the home itself has room to personalize and the land offers long-term utility.

Section 2: Frequently Asked Questions

1. How does this home really compare to its neighbors?
While its living area is below the street average, it ranks above average for both the broader River East neighborhood and Winnipeg overall. You’re getting a home that is spacious for the area, just not the largest on this specific street, which is comprised of slightly larger properties.

2. What does the assessed value tell me?
The $499k assessment is significantly higher than the neighborhood ($401k) and city ($390k) averages. This typically reflects the desirability of the location and the valuable lot size. It’s important to note that assessed value is for taxation and is not a market price, but it does indicate the city’s valuation relative to other homes.

3. Is the lot size a major feature?
Yes. The 7,720 sqft lot is a standout, placing in the top 23% in River East and the top 12% city-wide. This is a substantial yard for an urban property, offering privacy, recreation space, and potential.

4. How can I find out the exact past sale price?
The site provides a sold price range from 2017. Due to data display rules, exact historical sale figures are not published online here. You can request the exact sold price history by emailing the site directly for a manual lookup.

5. Are the comparable homes listed similar to this one?
The listed "for reference" homes are nearby in River East and give a snapshot of the area's market. They vary in size, age, and value, showing that 23 Zacharias Place sits in the middle to upper range for assessed value in the vicinity, justified by its larger lot and above-average living area for the community.

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