Central River Heights, Winnipeg
Property score
82.5
Excellent
Overall 82.5 · Larger and newer than most nearby homes
1,802 sqft (top 12%) · Built in 1953
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, 2 parks, and 1 place of worship nearby
Living Area
Above average
34% 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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82.5 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
551 Waterloo Street — 4 amenities found within 500 m, across 3 categories, including 1 education (nearest 257 m), 2 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%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 43% | Top 35% | Top 25% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 551 Waterloo Street, Central River Heights
Key Characteristics & Appeal
This home is a standout offering in the desirable Central River Heights neighborhood, combining generous space with established charm. Its primary appeal lies in the rare combination of a large, nearly 8,000 sqft lot—placing it in the top 9% on its street and top 2% in the neighborhood—with a renovated basement and the added luxury of a private pool. Built in 1953, the one-storey house offers a comfortable 1,802 sqft of living space, which is notably above average for both the area and the city.
The property’s assessed value of $690k firmly positions it as an elite offering in Central River Heights (top 2%) and city-wide (top 4%), signaling a premium, well-regarded asset. This isn't just a home; it's a substantial land holding in a prime location. It would particularly suit buyers who value outdoor privacy and space for gardening or recreation more than sheer interior square footage, and who are looking for a move-in-ready property with high-end amenities like a pool and updated basement. It’s an ideal fit for families or downsizers seeking single-level living without compromising on lot size or prestige in one of Winnipeg’s most established communities.
Frequently Asked Questions
1. How does the lot size compare to typical properties?
The 7,961 sqft lot is a key feature, significantly larger than the average for Central River Heights (~5,581 sqft) and even more so for Waterloo Street itself (~5,833 sqft). This places it in the top tier of properties for land area locally.
2. What does the "Elite" assessed value ranking mean?
An assessed value ranking in the "Elite" (top 2-5%) category for the neighborhood and city indicates the property is formally valued among the highest in its peer group. This often reflects a combination of its large lot, desirable location, and improvements like the renovation and pool.
3. The home was last sold in 2019 for $43,800. Why is the assessed value now $690k?
The 2019 sale price appears to be an outlier not reflective of current market value—it may have been a non-arms-length transaction or a sale with specific conditions. The current assessed value is the relevant figure for understanding its standing in today's market.
4. Is a pool common for homes in this area?
No, a private pool is a uncommon and premium feature for homes in Central River Heights, adding a unique recreational and lifestyle appeal not found in most neighboring properties.
5. As a one-storey home, is the living space sufficient for a family?
With 1,802 sqft of living area, the home is above average size for the neighborhood and city. The renovated basement provides additional flexible space, making the total usable area quite generous for a single-level floor plan.
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