84.1
Excellent
Property score
84.1
Excellent
Overall 84.1
Larger and newer than most nearby homes
2,011 sqft (top 6%)
Built in 1954 (1 yr newer than avg)
Located in a high-income area
with median household income of ~134k
Transit 80.0
2-min walk to transit with 3 nearby routes
Within 500m: 1 school, 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
49% larger than neighborhood avg.
Year Built
Above average
1 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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84.1 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 Waterloo Street — 5 amenities found within 500 m, across 3 categories, including 1 education (nearest 314 m), 3 parks (nearest 386 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 550 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 | Top 27% | Top 6% | Top 8% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 550 Waterloo Street, Winnipeg
Key Characteristics & Appeal
This single-storey home on a large 7,240 sqft lot in Central River Heights presents a compelling opportunity. Its primary appeal lies in the combination of a generous, above-average land size for the area and a renovated basement, offering immediate livable space and future potential. Built in 1954, the house itself is newer than many in its immediate neighborhood and provides a spacious 2,011 sqft of living area, which ranks well above local averages.
The property suits two main types of buyers. First, it’s ideal for those seeking a classic River Heights location with the room to grow, whether that means garden space, future additions, or simply more privacy than smaller lots allow. Second, the renovated basement makes it a practical choice for buyers who need move-in-ready space for a family, a home office, or a separate living area without undertaking a major project. A thoughtful perspective is that while the home is a one-storey design, the sizable lot is a long-term asset that provides flexibility rarely found in such central neighborhoods, appealing to both renovators and those planning for future needs.
Frequently Asked Questions
1. What does the "above average" ranking for land area actually mean?
It means the lot is larger than 89% of comparable properties on Waterloo Street and 95% of those in Central River Heights, offering significantly more outdoor space than is typical for the area.
2. The assessed value seems low. What does that indicate?
The assessed value is for municipal tax purposes and is not the market value. Its "above average" ranking compared to nearby homes suggests the city assesses it as a higher-value property within its peer group, but a professional appraisal is needed to determine current market price.
3. Is a one-storey home less efficient on such a large lot?
While a two-storey home might have a larger footprint, the single-storey layout offers main-floor living convenience and the large lot provides options. The configuration may appeal to those looking for accessibility or who prefer a more sprawling, ranch-style home feel.
4. The home was last sold in 2021. What should I consider?
This recent sale history means there is clear, modern data on its market price from just a few years ago, providing a solid benchmark for price appreciation and market activity in the area.
5. How does the year built (1954) compare to area homes?
The home is newer than the average house on its street and in Central River Heights. This can suggest potentially fewer issues with very old infrastructure compared to much older homes, while still offering the established neighborhood character.
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