74.7
Good
Property score
74.7
Good
Overall 74.7
Larger than most nearby homes
1,443 sqft (top 29%)
Built in 1951 (2 yrs older than avg)
Located in a high-income area
with median household income of ~134k
Transit 82.0
2-min walk to transit with 2 nearby routes
Within 500m: 1 school, 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
Above average
7% larger than neighborhood avg.
Year Built
Below average
2 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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74.7 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
542 Waterloo Street — 6 amenities found within 500 m, across 4 categories, including 1 education (nearest 314 m), 3 parks (nearest 363 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 542 Waterloo 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 16% | Bottom 33% | Top 42% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
This one-storey home at 542 Waterloo Street in Central River Heights presents a practical opportunity in a well-regarded Winnipeg neighbourhood. Built in 1951, it sits on a standard 4,822 sqft lot and features 1,443 sqft of living space, a renovated basement, and a detached garage.
The appeal here is grounded in its balance and location. While the house itself is of average size for the street, its living area is notably above average for Central River Heights, suggesting a relatively efficient use of space. The renovated basement adds immediate functional living area without the need for a major project. Its assessed value sits above the Winnipeg average, reflecting the enduring desirability of the River Heights area.
This property would suit a buyer looking for a move-in-ready home with some updated elements in a central, established neighbourhood. It’s ideal for someone who values a manageable lot size and the character of an older home but wants to avoid a full-scale renovation. The data suggests it offers a solid, middle-of-the-road proposition on its street, while standing out positively within the broader context of the neighbourhood and city.
1. How does the lot size compare to others?
At 4,822 sqft, the lot is very close to the average size for Waterloo Street itself and is a manageable size for maintenance, which can be an advantage over larger, more demanding yards in the area.
2. The home was built in 1951. What should I consider?
While the basement has been renovated, a home of this age will likely have original building components, such as the roof, windows, or major systems, that may need attention or updating. A thorough inspection is recommended.
3. The last sale price seems low compared to the current assessed value. Why?
The property sold for $36,800 in 2016, which is significantly below its current $440,000 assessment. This indicates a major change occurred between then and now, almost certainly the basement renovation mentioned, which added value and living space.
4. Is the living space sufficient for a family?
With 1,443 sqft above grade plus a renovated basement, the total functional space is quite generous for the neighbourhood. It is efficiently sized, potentially offering lower utility costs than a larger, newer home.
5. What does the assessed value tell me about this property?
An assessed value above the Winnipeg city average primarily confirms the strong market value of the Central River Heights location. It indicates the property is considered more valuable than most in the city, even if it is more average within its own immediate area.
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