75.2
Good
Property score
75.2
Good
Overall 75.2
Older than most nearby homes
1,408 sqft (top 32%)
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
Near average
5% 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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75.2 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
561 Waverley Street — 5 amenities found within 500 m, across 3 categories, including 1 education (nearest 475 m), 3 parks (nearest 253 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 561 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 24% | Top 8% | Top 10% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 37% | Bottom 45% | Top 34% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 561 Waverley Street, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 1950, sits on a standard-sized lot in the established Central River Heights neighbourhood. Its key features include a renovated basement and a detached garage. With 1,408 sqft of living space, the home offers a practical layout that is very typical for the city overall, but is actually above average in size for this specific neighbourhood. The property’s assessed value is notably strong, ranking within the top 16% for both Central River Heights and Winnipeg, suggesting it is a well-regarded asset in its class.
The appeal lies in its balance and location. It represents a solid, no-surprises home in a desirable area, with the value-add of a finished basement. It’s not the largest or newest on the block, but it holds its own with above-average financial metrics for the area. This property would suit a practical buyer—perhaps a young professional, a small family, or an investor—who values neighbourhood character over a brand-new build. It’s for someone looking for a manageable home in a prime location without the premium price tag of a larger or fully modernized property, but with the upside of a renovation already started in the basement.
Frequently Asked Questions
1. How does the lot size compare?
At 5,315 sqft, the lot is around the average for Waverley Street itself and slightly below the average for Central River Heights. It provides a standard urban yard space.
2. Is the home older than others in the area?
Yes. Built in 1950, it is newer than many homes on its street but is slightly older than the average home in both the Central River Heights neighbourhood and the city of Winnipeg as a whole.
3. What does the "above average" assessed value indicate?
While the home’s physical characteristics are generally average, its official assessed value is in a higher percentile. This often reflects the combined desirability of the location, the condition of the home (including the renovated basement), and recent sale prices of comparable properties.
4. Has the property value increased?
Yes, based on the provided sales history. The home sold for $39,500 in 2017 and then for $56,700 in 2022, indicating significant appreciation over that five-year period.
5. What are the immediate neighbours like?
The listing shows several homes on the same block with very close addresses (e.g., 557, 563 Waverley St.), indicating a tightly knit, traditional streetscape typical of older, central neighbourhoods.
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