Central River Heights, Winnipeg
Property score
63.4
Fair
Overall 63.4 · Smaller and older than most nearby homes
985 sqft (bottom 12%) · Built in 1950 (3 yrs older than avg)
Located in a high-income area with median household income of ~134k
Transit 88.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 1 school, 3 parks, and 1 place of worship nearby
Living Area
Below average
27% smaller than neighborhood avg.
Year Built
Below average
3 yrs older than neighborhood avg.
Mother tongue
English · 85%French · 1%
Past 10 years Central River Heights sales snapshot (~80% of all data)
426
580k
$326/sqft
1953
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63.4 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: #46111046
$134K
Median household income
$170K
Average household income
3%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.4
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
532 Niagara Street — 5 amenities found within 500 m, across 3 categories, including 1 education (nearest 215 m), 3 parks (nearest 339 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 40% | Top 46% | Top 30% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This one-storey home at 532 Niagara Street in Winnipeg's Central River Heights neighbourhood presents a specific and appealing opportunity. Its key characteristic is a generous 5,760 sqft lot, which places it in the top 15% for land size on its own street. The home itself is modest, with 985 sqft of living space, and features a renovated basement and a detached garage. Built in 1950, it sits on a mature, established street.
The primary appeal lies in the land itself. The lot size is significantly above average for the immediate area, offering valuable outdoor space and future potential in a sought-after neighbourhood. The renovated basement adds functional living space. This property would suit a first-time buyer or an investor looking for a solid entry into a desirable location, with the understanding that the main living area is compact. It’s also a candidate for someone with longer-term renovation or expansion plans, where the large lot is a major asset.
A thoughtful perspective is that while the home's size is below area averages, its assessed value holds steady compared to neighbours, suggesting the premium for the lot and location is already recognized. It’s a property where the land is the enduring asset, and the house represents the adjustable component.
Frequently Asked Questions
1. Is the house too small for a family?
The 985 sqft main floor living area is compact. A family’s suitability would depend on effectively utilizing the renovated basement as additional living space and valuing the large outdoor area.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify finishes or layout. This is a key detail to clarify with the selling agent to understand its condition and functionality.
3. Why is the sale price lower than the assessed value?
The home recently sold for $41.50k, which is below its $44.30k assessed value. This can happen due to market conditions, the specific terms of the sale, or the assessed value reflecting a different valuation methodology.
4. What are the implications of a detached garage?
A detached garage provides secure storage or parking but means accessing your vehicle requires going outside. It may also offer flexibility for future lot use or landscaping plans.
5. How does the lot size compare practically?
At 5,760 sqft, the lot is over 1,000 sqft larger than the average for Central River Heights. This translates to more yard space for gardens, recreation, or additions than many nearby properties offer.
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