Central River Heights, Winnipeg
Property score
73.6
Good
Overall 73.6 · Larger but older than most nearby homes
1,440 sqft (top 29%) · Built in 1945 (8 yrs older than avg)
Located in a high-income area with median household income of ~111k
Transit 82.0 · 1-min walk to transit with 2 nearby routes · Within 500m: 3 dining spots, 1 school, 1 shop, and 2 parks nearby
Living Area
Above average
7% larger than neighborhood avg.
Year Built
Below average
8 yrs older than neighborhood avg.
Mother tongue
English · 84%Chinese · 1%
Past 10 years Central River Heights sales snapshot (~80% of all data)
426
580k
$326/sqft
1953
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73.6 is composed by the two sections below.
Property Score
Community Score
Central River Heights
How to read: Share of sales in each ~$50k price band for “central 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: #46111050
$111K
Median household income
$120K
Average household income
5%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.2
P90 / P10 ratio
24%
Single-person households
27%
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
445 Cordova Street — 8 amenities found within 500 m, across 5 categories, including 3 dining (nearest 416 m), 1 education (nearest 124 m), 1 shopping (nearest 436 m).
Central River Heights · WPS public data · 2026
Annual incidents
1
2026
vs. city avg
-97%
relative to avg
Year-over-year
▼ -99%
vs. prior year
Primary type
Other
100%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 33% | Bottom 41% | Top 38% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This one-and-a-half storey home on a generous 5,147 sqft lot in Central River Heights presents a classic Winnipeg character property with modern updates. Its key appeal lies in the combination of a prime, established neighbourhood, significant lot size, and a recently renovated basement that adds functional living space. The home suits buyers looking for a solid, no-frills character home in a desirable central location, who value space and potential over brand-new condition. It’s particularly well-matched for those who appreciate the charm of a 1940s build but want some of the heavy lifting of a renovation already completed. A less obvious point of value is the lot’s ranking; while the home itself is average in size for the street, the land parcel is in the top half, offering a relative scarcity of outdoor space that could be a long-term asset.
The most recent sale in late 2023 at $380k significantly exceeds the assessed value, indicating strong market demand for homes in this area with these features. This suggests buyers are paying a premium for the location, lot, and renovated condition, viewing it as a sound investment in a stable neighbourhood.
Frequently Asked Questions
1. How does the recent sale price compare to the assessed value?
The home sold for $380,000 in December 2023, which is substantially higher than its $41,900 assessed value. This is common in active markets, where assessed values for tax purposes often lag behind current market values based on recent sales, renovations, and buyer demand.
2. What does "ONE & 1/2 STOREY" building type typically mean?
This style, common for its era, usually features a main floor with principal rooms and a second floor under sloping roof lines, often creating cozy bedrooms with character. It distinguishes the home from a full two-storey or bungalow layout.
3. Is the lot size a significant feature?
Yes. At over 5,000 sqft, the lot is larger than half the properties on Cordova Street. In a mature neighbourhood where land is fixed, a larger lot provides more outdoor space, potential for gardening, parking, or future expansion, and is a key contributor to the property's value.
4. The home is older—what should I consider?
Built in 1945, the home’s major systems (roof, wiring, plumbing, insulation) should be carefully inspected. The recently renovated basement is a positive update, but the age means maintenance planning should focus on these core components rather than just cosmetic finishes.
5. How does this property rank within the neighbourhood?
The rankings show a mix: its lot size is above average for the area, but the living space is fairly typical. Its year built is newer than most in Central River Heights (top 1%), which can be an advantage. It’s a property that offers a balanced, middle-of-the-road offering in terms of size, but stands out for its lot and recent sale activity.
