Central River Heights, Winnipeg
Property score
82.9
Excellent
Overall 82.9 · Larger and newer than most nearby homes
2,378 sqft (top 2%) · Built in 1953
Located in a high-income area with median household income of ~134k
Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 1 school, 1 park, and 1 place of worship nearby
Living Area
Above average
77% larger than neighborhood avg.
Year Built
Above average
0 yrs newer 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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82.9 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: #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
550 Queenston Street — 3 amenities found within 500 m, across 3 categories, including 1 education (nearest 168 m), 1 parks (nearest 195 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 3% | Top 1% | Top 2% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 47% | Top 31% | Top 23% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 550 Queenston Street, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Central River Heights is distinguished by its generous proportions and established neighbourhood setting. Built in 1953, its primary appeal lies in its significant living space. At 2,378 sqft, the home offers substantially more room than most in the area, ranking in the top 2% of the neighbourhood and top 4% city-wide. This makes it a standout for buyers seeking a spacious interior without moving to a newer suburb.
The property sits on a 5,386 sqft lot, which is above average for its street and provides ample outdoor space. A key feature is the renovated basement, adding functional living area. The home includes a detached garage. Its assessed value and recent sale price position it well above average for the area, reflecting its desirability and the premium for its size and location.
This home would best suit a buyer who values established, tree-lined neighbourhoods and prioritizes interior space over a brand-new build. It’s ideal for a growing family needing multiple rooms or dedicated spaces for work and hobbies, or for someone who appreciates the character and larger lot sizes of Central River Heights. The 2023 sale price indicates it appeals to buyers willing to invest in a prime, spacious property in a sought-after location.
Section 2: Frequently Asked Questions
1. How does the home’s size compare practically?
With living space ranking in the top 2% for the neighbourhood, this home offers roughly 1,000 more square feet than the area average. This translates to potentially more bedrooms, larger common areas, or dedicated spaces like a home office or playroom that are harder to find in other Central River Heights homes.
2. What does the "renovated basement" likely mean?
While specifics aren’t listed, a renovated basement in a home of this era and calibre typically means it’s been finished into a livable space, possibly including a recreation room, additional bathroom, or guest suite. It’s a significant value-add, effectively increasing the usable square footage beyond the already generous main floors.
3. The home sold for $820k in 2023, but the assessed value is much lower. Why?
Assessed value, used for calculating property taxes, is an administrative valuation that often lags behind the dynamic real estate market. The sale price is the true market value, reflecting what a buyer recently paid for the home’s specific attributes, location, and condition.
4. Is the 1953 build date a concern?
The year built is actually above average for the neighbourhood. While it implies systems like plumbing or electrical may need updating if not already done, homes from this period in River Heights are often prized for their solid construction, architectural character, and larger room proportions compared to many newer builds.
5. How does the detached garage impact usability?
A detached garage offers flexibility—it can be a workshop or project space without concerns about fumes or noise in the house. However, it means a walk to and from your vehicle in Winnipeg’s winter months, which is a trade-off compared to the convenience of an attached garage.
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