61.6
Fair
Property score
61.6
Fair
Overall 61.6
Smaller than most nearby homes
962 sqft (bottom 9%)
Built in 1952 (1 yr older than avg)
Located in a high-income area
with median household income of ~95k
Transit 80.0
3-min walk to transit with 3 nearby routes
Within 500m: 3 parks, 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
Below average
29% smaller than neighborhood avg.
Year Built
Near average
1 yrs older than neighborhood avg.
Mother tongue
English · 80%Tagalog · 2%
Past 10 years Central River Heights sales snapshot (~80% of all data)
426
580k
$326/sqft
1953
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61.6 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: #46110425
$95K
Median household income
$112K
Average household income
3%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.9
P90 / P10 ratio
32%
Single-person households
21%
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
534 Waverley Street — 4 amenities found within 500 m, across 2 categories, including 3 parks (nearest 291 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 49% | Top 32% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 534 Waverley Street, Central River Heights
Key Characteristics & Appeal
This is a modest, one-storey home on a generous lot in the well-established Central River Heights neighborhood. Built in 1952, its primary appeal lies in its location and land value. The 6,498 sqft lot is significantly above average for both the neighborhood and the city, offering substantial outdoor space and future potential in a prime area. The home itself is compact at 962 sqft of living space, which is notably smaller than most comparable properties. It features a detached garage and a renovated basement, adding functional space.
This property would best suit a specific type of buyer: those looking for a land-value play in a desirable area, willing to live in or substantially update a smaller home. It's a practical entry point into Central River Heights, appealing to downsizers, investors, or handy buyers planning a renovation or future rebuild. The appeal is less about the current house and more about the opportunity it represents—securing a large lot in a central, sought-after community.
Frequently Asked Questions
1. Why is the living area so much smaller than nearby homes?
This is a classic post-war bungalow, and its footprint is simply more modest than many expanded or newer homes in the area. It reflects the original design and hasn't been enlarged with major additions.
2. What does "renovated basement" likely mean for a home of this age?
While specifics aren't listed, in a 1952 home this typically indicates updated finishes and livable space. Buyers should inquire about the scope, permits, and importantly, the basement's foundation and waterproofing given the home's age.
3. How can the assessed value be so much lower than the city-wide average?
The assessed value is primarily for municipal tax purposes and is heavily influenced by the home's smaller size and modest finishings compared to the broader Winnipeg market. It doesn't necessarily reflect market sale price, which is driven more by the land value in this location.
4. Is the large lot a maintenance burden or an asset?
It can be both. The lot offers privacy, garden space, and room for additions like a deck or garage. However, it requires more upkeep than a standard city lot. Its true value is as a long-term asset, offering redevelopment potential that smaller lots in the area do not.
5. Who would this home not suit?
It's likely not ideal for a family needing substantial move-in-ready space or for buyers seeking a modern, low-maintenance property without renovation plans. The value here is in the location and the lot, not in turn-key convenience or spacious interiors.
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