Central River Heights, Winnipeg
Property score
62.1
Fair
Overall 62.1 · Smaller and older than most nearby homes
925 sqft (bottom 6%) · Built in 1950 (3 yrs older than avg)
Located in a high-income area with median household income of ~134k
Transit 80.0 · 4-min walk to transit with 3 nearby routes · Within 500m: 1 dining spot, 1 school, 2 parks, and 1 place of worship nearby
Living Area
Below average
31% smaller than neighborhood avg.
Year Built
Below average
3 yrs older 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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62.1 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
578 Niagara Street — 5 amenities found within 500 m, across 4 categories, including 1 dining (nearest 485 m), 1 education (nearest 280 m), 2 parks (nearest 233 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 5% | Bottom 8% | Bottom 37% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This is a compact, one-storey home on a generously sized lot in Central River Heights. Built in 1950, its primary appeal lies in the combination of a renovated basement and a detached garage, situated on a land parcel that is larger than most on its street. The living space is modest at 925 sqft, positioning this as an efficient, lower-maintenance property. Its historically low sale price and assessed value suggest it is a value-oriented entry point into a desirable neighbourhood.
The home would suit first-time buyers, downsizers, or investors seeking a foothold in River Heights without a premium price tag. It’s a practical choice for those who prioritize land size and location over interior square footage, and who see potential in a home that may require updates to the main living area.
Key Details & FAQs
Key Characteristics & Appeal
Frequently Asked Questions
1. Is the house itself in good condition?
The data confirms a renovated basement, but the main living area is notably smaller and the home is older than many in the wider neighbourhood. A professional inspection is recommended to understand the condition of the main floor, roof, and major systems.
2. Why is the assessed value so much lower than the city-wide average?
The city-wide average is skewed by newer, larger homes in all areas. The more relevant comparison is to Niagara Street and Central River Heights, where this home’s value is still below average, likely reflecting its smaller size and age relative to others in this specific locale.
3. What is the potential for future expansion or renovation?
The generous lot size is a key asset for potential expansion, such as an addition or a garden suite (subject to zoning bylaws). The existing renovated basement also adds immediate functional space.
4. Who might this property not suit?
It may not suit buyers who need significant move-in-ready living space on the main floor, or those who prioritize a modern, open-concept layout without immediate renovation projects.
5. How does this price compare to the neighbour at 589 Niagara?
The neighbouring home at 589 Niagara, used as a reference, is larger (1,940 sqft), slightly newer (1953), and has a higher assessed value. This highlights that 578 Niagara is a more compact and value-oriented option on the same street.
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