71.3
Good
Property score
71.3
Good
Overall 71.3
Older than most nearby homes
1,248 sqft (bottom 48%)
Built in 1950 (3 yrs older than avg)
Located in a high-income area
with median household income of ~137k
Transit 74.0
3-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
Near average
7% smaller than neighborhood avg.
Year Built
Below average
3 yrs older than neighborhood avg.
Mother tongue
English · 88%French · 2%
Past 10 years Central River Heights sales snapshot (~80% of all data)
426
580k
$326/sqft
1953
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71.3 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: #46111045
$137K
Median household income
$176K
Average household income
2%
Low income (LIM-AT)
0.3
Income inequality (Gini)
2.7
P90 / P10 ratio
19%
Single-person households
43%
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
523 Waverley Street — 5 amenities found within 500 m, across 3 categories, including 3 parks (nearest 349 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%
Local garbage, recycling, and yard waste pickup schedule for 523 Waverley Street.
Garbage
monday
Recycling
monday
Yard Waste
monday a
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 4% | 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: 523 Waverley Street, Central River Heights
Key Characteristics & Appeal
This two-storey home, built in 1950, is situated on a mature, tree-lined street in the sought-after Central River Heights neighbourhood. The property presents a classic opportunity, with its appeal rooted in location, value, and potential. The home itself is modest in size at 1,248 sqft of living space and features an unrenovated basement and a detached garage. Its lot size of 4,829 sqft is notably below average for Waverley Street but is more aligned with typical city and neighbourhood dimensions, offering a manageable outdoor space.
The primary draw is its position within a prime, established community, coupled with a very low assessed value relative to its immediate area. This combination makes it a standout candidate for value-conscious buyers. It would suit a first-time buyer comfortable with a home that may require updates, an investor looking for a property in a high-demand location with renovation upside, or someone seeking to enter a prestigious neighbourhood at a more accessible price point. A less obvious perspective is that the below-average lot size for the street could mean lower maintenance demands and property taxes than some neighbouring homes, without sacrificing the community benefits.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby properties?
The assessed value is significantly lower than the average for both Waverley Street and Central River Heights. This typically reflects the home’s condition, size, and features relative to updated or larger homes in the area, indicating it may be priced for its land value and location potential.
2. What does "below average" for lot size on Waverley Street mean practically?
While the lot is smaller than most on this specific street, it is still a standard city-sized lot. This means you get the prestigious address and neighbourhood amenities, but with a yard that may require less upkeep than the larger, estate-style lots found nearby.
3. Is the unrenovated basement finished or usable?
The listing specifies the basement is "not renovated." This generally means it is in original or rough condition, likely suitable for storage and utilities but presenting an opportunity for future finishing to add living space.
4. How does the 2019 sale price relate to today’s value?
The home sold for $29,800 in August 2019. This historical price is a data point, but market conditions have changed significantly since then. Current value is better indicated by the assessed value and recent comparable sales in the area.
5. What are the main considerations for a buyer looking at this home?
Buyers should be prepared for a home that likely needs modernization. The focus should be on the cost of potential updates against the premium for the location. It’s a strategic purchase for gaining entry into a top neighbourhood, with value derived from the land and community rather than turn-key finishes.
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