Central River Heights, Winnipeg
Property score
86.3
Excellent
Overall 86.3 · Larger than most nearby homes
2,556 sqft (top 1%) · Built in 1952 (1 yr older than avg)
Located in a high-income area with median household income of ~134k
Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 1 school, 2 parks, and 1 place of worship nearby
Living Area
Above average
90% larger than neighborhood avg.
Year Built
Near average
1 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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86.3 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: #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
595 Waterloo Street — 4 amenities found within 500 m, across 3 categories, including 1 education (nearest 281 m), 2 parks (nearest 301 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 | Top 8% | Top 1% | Top 1% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This one-storey home at 595 Waterloo Street in Central River Heights is a property defined by its exceptional scale and prime location. Its primary appeal lies in its vast, private lot—over 11,600 square feet—which places it in the top tier of properties locally. The living space is also generously sized at over 2,500 square feet. While the home itself is from 1952 and features an unrenovated basement, it presents a significant opportunity. The combination of a massive lot in a coveted neighbourhood, along with a detached garage and pool, makes it a canvas for renovation or redevelopment.
The property is best suited for buyers with a vision. It would appeal to a builder or developer eyeing the land value and potential, or to a homeowner ready to undertake a substantial renovation to create a custom, modern residence on one of the area's largest private parcels. It’s less suited for someone seeking a move-in-ready home without major projects.
Key Details & FAQs
Key Characteristics & Appeal
Frequently Asked Questions
1. Why is the assessed value so much lower than the recent sale price?
Municipal assessments are for taxation purposes and often lag behind market values, especially for unique properties. The sale price reflects what buyers are currently willing to pay for the combination of elite location, massive lot size, and the home's potential.
2. What does "basement, not renovated" typically imply?
It suggests the basement remains in largely original condition. Buyers should budget for necessary updates to mechanical systems, insulation, and likely moisture-proofing, while viewing the space as a blank slate for finishing.
3. Is the pool a feature or a liability?
It can be both. For a family seeking outdoor amenities, it's a bonus. However, it requires maintenance, impacts insurance, and consumes part of the valuable yard. Some buyers may see it as an opportunity to reclaim that space for other landscaping.
4. How does the 1952 build year affect the property?
While the structure is sound, systems like plumbing, electrical, and insulation will likely need upgrading to modern standards during a renovation. The era also typically means solid construction but a layout that may feel compartmentalized compared to open-concept modern designs.
5. What are the less obvious considerations with such a large lot?
Beyond privacy, consider ongoing maintenance (lawn care, snow clearing), potential bylaws governing additions or new builds (setbacks, height), and the long-term cost/benefit of maintaining such a large green space versus utilizing it for other purposes like a garden or expanded living area.
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