74.9
Good
Property score
74.9
Good
Overall 74.9
Larger and newer than most nearby homes
1,590 sqft (top 22%)
Built in 1955 (2 yrs newer than avg)
Located in a high-income area
with median household income of ~95k
Transit 80.0
4-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
Above average
18% larger than neighborhood avg.
Year Built
Above average
2 yrs newer 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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74.9 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
540 Waverley Street — 4 amenities found within 500 m, across 2 categories, including 3 parks (nearest 298 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 | Top 17% | Top 5% | Top 7% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 540 Waverley Street, Winnipeg
Key Characteristics & Appeal
This one-storey home in Central River Heights is defined by its substantial 6,498 sqft lot, which is notably larger than most in both the neighbourhood and city-wide. Built in 1955, the house itself offers 1,590 sqft of living space and features a renovated basement and a detached garage. Its appeal lies in a classic River Heights combination: a generous, private yard in a mature, established area with the practical benefit of recent updates below ground. The property’s assessed value consistently ranks above average for its immediate street, neighbourhood, and the city, indicating a history of solid value retention.
This home would suit a buyer looking for a grounded project—someone who values outdoor space and location over a modern, turn-key interior. It’s ideal for a gardener, a family seeking room for kids and pets to play, or a long-term owner who can gradually update the main living areas to match the already-renovated basement. The detached garage also appeals to those needing workshop space or extra storage.
Frequently Asked Questions
1. How does the lot size compare to others?
The lot is a key feature. At 6,498 sqft, it is significantly larger than the average for both Central River Heights and Winnipeg as a whole, offering rare outdoor space for the area.
2. What does "renovated basement" imply?
While specific finishes aren’t detailed, this indicates the lower level has been updated, potentially creating additional livable or functional space, which adds value compared to an original basement.
3. Is the home older than others nearby?
Built in 1955, it is actually newer than many comparable homes on its street and in Central River Heights, where the average build year is older.
4. Why is the assessed value different from the last sale price?
The home was last sold in October 2020 for $60,700. The current assessed value of $54,900 is a municipal valuation for tax purposes and is influenced by many factors; it is not a direct market price but does rank well above area averages.
5. What is the neighbourhood context?
Located on Waverley Street in Central River Heights, the property sits in a desirable, established area. Its metrics (lot size, value) consistently rank in the top tiers within this sought-after neighbourhood.
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