77.3
Good
Property score
77.3
Good
Overall 77.3
Larger but older than most nearby homes
1,551 sqft (top 23%)
Built in 1950 (3 yrs older than avg)
Located in a high-income area
with median household income of ~137k
Transit 80.0
5-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
15% larger than neighborhood avg.
Year Built
Below average
3 yrs older than neighborhood avg.
Mother tongue
English · 88%French · 2%
Past 10 years Central River Heights sales snapshot (~80% of all data)
426
580k
$326/sqft
1953
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77.3 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: #46111045
$137K
Median household income
$176K
Average household income
2%
Low income (LIM-AT)
0.3
Income inequality (Gini)
2.7
P90 / P10 ratio
19%
Single-person households
43%
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
557 Waverley Street — 5 amenities found within 500 m, across 3 categories, including 1 education (nearest 488 m), 3 parks (nearest 265 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 557 Waverley 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 22% | Top 7% | Top 9% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This two-storey home on Waverley Street in Central River Heights presents a balanced offering in a well-regarded neighbourhood. Built in 1950, its key characteristic is a recently renovated basement, adding modern living space to the classic layout. With 1,551 sqft of living area, the home is notably more spacious than many others in the immediate area and across Winnipeg. The lot size of 5,556 sqft is typical for the street but offers decent outdoor space for the neighbourhood. A detached garage provides additional storage or parking.
The appeal lies in its move-in readiness with a finished lower level, combined with the established charm and convenience of River Heights. It suits practical buyers looking for a solid, updated home without the premium of a new build, and who value being in a central location with larger-than-average interior space for the area. A thoughtful perspective is that while the home is older, its above-average living area and renovated basement suggest it has been maintained and adapted for contemporary use, offering more room than many newer infill properties in the city.
Frequently Asked Questions
1. How does the lot size compare to others?
The land is a standard size for Waverley Street but is slightly below the average lot size for the broader Central River Heights area. It provides a typical urban yard for the location.
2. Is the living space considered large for Winnipeg?
Yes. The living area ranks above average both for the neighbourhood and city-wide, meaning you get more interior space than in many comparable Winnipeg homes.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the selling agent to understand the quality and scope of the work.
4. Why is the assessed value significantly different from the recent sale price?
The assessed value is for municipal tax purposes and often lags behind market trends. The recent sale price of $57,600k is a more accurate reflection of its current market value.
5. How does the age of the home affect its value?
Built in 1950, it is older than many homes in the city. However, its above-average living area and updates like the renovated basement show it has been adapted over time. Buyers should focus on the condition of major aging components like the roof, windows, and plumbing.
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