Central River Heights, Winnipeg
Property score
85.2
Excellent
Overall 85.2 · Larger and newer than most nearby homes
2,461 sqft (top 2%) · Built in 1954 (1 yr newer than avg)
Located in a high-income area with median household income of ~134k
Transit 80.0 · 5-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
Above average
83% larger than neighborhood avg.
Year Built
Above average
1 yrs newer 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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85.2 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: #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
603 Niagara Street — 5 amenities found within 500 m, across 4 categories, including 1 dining (nearest 392 m), 1 education (nearest 312 m), 2 parks (nearest 162 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 20% | Top 16% | Top 16% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 603 Niagara Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Central River Heights is defined by its exceptional space, both inside and out. The property sits on an 8,080 sqft lot, which places it in the top 1% for lot size on its street and the top 2% within the desirable Central River Heights neighbourhood. This generous, private outdoor space is a rare find in the area. Complementing this is a substantial 2,461 sqft of living area, ranking in the top 2-3% across all comparisons, offering ample room for comfortable living.
The primary appeal lies in this unique combination of a massive lot and a very large home—a pairing that is increasingly uncommon in established, central neighbourhoods. It represents a significant "blank canvas" opportunity, whether for a large family seeking space, a multi-generational living arrangement, or a buyer with a vision for extensive renovations or additions. The 1954 build date suggests a classic layout with potential for modernization. Given the scale of the property and the notable difference between its last sold price and its current assessed value, it is likely to attract value-conscious buyers looking for a long-term home with room to grow, investors eyeing redevelopment potential, or those prioritizing land value over a turn-key condition.
Section 2: Frequently Asked Questions
1. Why is there such a large difference between the last sale price and the current assessed value?
The home sold in 2019 for $50,200, while its current assessed value is $62,500. This increase reflects market changes and the property's high rankings for lot and living area size. The assessed value is a municipal valuation for tax purposes, not a market price, but it highlights the property's substantial underlying value.
2. What does the "Elite" ranking for lot size actually mean?
It means this property's 8,080 sqft lot is larger than 99% of comparable lots on Niagara Street and 98% of those in all of Central River Heights. For context, the average lot for similar homes in the neighbourhood is about 5,581 sqft, making this lot nearly 45% larger.
3. Who would this property suit best?
It's ideal for buyers who prioritize space and potential over immediate move-in readiness. This includes families needing room to expand, renovators looking for a solid foundation on a large lot, or those who value the rarity and long-term investment of a oversized parcel in a prime location.
4. Is the detached garage included?
Yes, the listing specifies a detached garage. The size and condition are not detailed here, so verification would be needed.
5. How does the age of the home (1954) factor in?
While newer than many homes on its street (top 12%), a 70-year-old home will likely have older systems, windows, and infrastructure. This should be factored into planning and budgeting, but it also contributes to the classic character and the potential for customization.
