61.0
Fair
Property score
61.0
Fair
Overall 61.0
Smaller than most nearby homes
990 sqft (bottom 13%)
Built in 1951 (2 yrs older than avg)
Located in a high-income area
with median household income of ~95k
Transit 86.0
2-min walk to transit with 4 nearby routes
Within 500m: 2 schools, 2 parks, 1 bank/ATM, and 2 place of worships nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
26% smaller than neighborhood avg.
Year Built
Below average
2 yrs older than neighborhood avg.
Mother tongue
English · 80%Tagalog · 2%
Past 10 years Central River Heights sales snapshot (~80% of all data)
426
580k
$326/sqft
1953
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61.0 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: #46110425
$95K
Median household income
$112K
Average household income
3%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.9
P90 / P10 ratio
32%
Single-person households
21%
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
594 Waverley Street — 7 amenities found within 500 m, across 4 categories, including 2 education (nearest 364 m), 2 parks (nearest 193 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 1% | Bottom 6% | Bottom 34% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 594 Waverley Street, Winnipeg
Key Characteristics & Appeal
This is a classic 1951 one-storey home in the established Central River Heights neighbourhood. Its primary appeal lies in its generous 5,851 sqft lot—larger than the city average—offering significant outdoor space and potential in a central location. The home itself is modest in size at 990 sqft of living area, which is notably compact compared to most nearby homes. Key features include a renovated basement and a detached garage.
The property suits two main types of buyers. First, it’s a practical entry point into a desirable neighbourhood for a first-time buyer or downsizer comfortable with a smaller, efficient footprint who values land over square footage. Second, it represents a clear value-adding opportunity for an investor or renovator looking to update or expand the existing structure on a sizable lot, given its below-average assessed value for the area. Its appeal is grounded in the lot’s potential and location rather than the current home’s size or modern finishes.
Frequently Asked Questions
1. Is the low assessed value a concern?
Not necessarily. The assessed value is below average for Central River Heights and Waverley Street, but around the median city-wide. It primarily reflects the home’s smaller size and age compared to neighbouring properties, not the land value or location, and may present a favourable property tax situation.
2. How does the lot size compare?
The lot is a key asset. At 5,851 sqft, it is larger than the average Winnipeg lot and is around the median size for Central River Heights, offering more private outdoor space than many properties in the city.
3. Who might this home not suit?
It may not suit buyers seeking a move-in-ready home with modern, open-concept layouts or those requiring multiple bedrooms and ample living space on the main floor, given its compact footprint.
4. What does the "renovated basement" imply?
While specifics aren’t listed, this indicates the lower level has been updated. Buyers should inquire about the scope, permits, and finished area to understand if it adds functional living space or primarily modernized utilities and storage.
5. The home last sold in 2016 for $28,500. Is the current price justified?
The 2016 sale price was exceptionally low, even for the time. The current assessed value of $36,100 reflects a more recent municipal valuation. Any listing price will be influenced by current market conditions, the renovated basement, and the underlying land value in a prime neighbourhood, making direct comparison to the 2016 sale misleading.
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