71.0
Good
Property score
71.0
Good
Overall 71.0
Smaller and older than most nearby homes
1,106 sqft (bottom 29%)
Built in 1950 (3 yrs older than avg)
Located in a high-income area
with median household income of ~137k
Transit 80.0
4-min walk to transit with 3 nearby routes
Within 500m: 1 school, 2 parks, 1 bank/ATM, 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
Below average
18% smaller 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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71.0 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
573 Waverley Street — 5 amenities found within 500 m, across 4 categories, including 1 education (nearest 420 m), 2 parks (nearest 203 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 573 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 | Bottom 8% | Bottom 11% | Bottom 41% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 573 Waverley Street, Winnipeg
Key Characteristics & Appeal
This is a classic, one-storey home built in 1950 on a generous 6,041 sqft lot in Central River Heights. Its key features include a renovated basement and a detached garage. The primary appeal lies in its land size and location; the lot is significantly larger than most in the neighbourhood and the city overall, offering ample outdoor space and potential in a sought-after area. However, the 1,106 sqft living area is modest, placing it below average for the street and neighbourhood.
This property would suit a specific buyer: someone who values land over living square footage, such as a downsizer seeking a manageable home with a large yard, or a visionary buyer who sees the long-term potential in the lot itself. It’s a practical entry point into a desirable community where the value is anchored more in the property's location and land than in the size of the current dwelling. The renovated basement adds functional living space, making the home more workable despite its smaller main footprint.
Frequently Asked Questions
1. Is the assessed value the same as the market price?
No. The current assessed value is for municipal tax purposes. The last recorded sale was in March 2020 for $30,900. Market price is determined by current conditions and buyer demand.
2. The living space seems small. How liveable is the layout?
While the main floor living area is modest, the presence of a renovated basement significantly expands the usable space. Buyers should consider the total functional square footage, including the basement, when evaluating the home's size.
3. What does the large lot size mean for me?
The lot is a standout feature. It provides exceptional outdoor space for gardens, recreation, or entertaining. It also represents future potential, whether for additions, a garage suite (subject to zoning), or simply as a long-term asset in a neighbourhood where land is at a premium.
4. How does this home compare to others on the street?
The data shows this home has a larger-than-average lot for Waverley Street but a smaller-than-average living area and an older build date. It appeals to a different priority—offering more land but less house than many of its immediate neighbours.
5. The home is older. What should I consider?
Built in 1950, the home's core systems (like plumbing, electrical, and foundation) may require inspection and potential updates, even with a renovated basement. Its age is typical for the street but above average for the broader neighbourhood.
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