Central River Heights, Winnipeg
Property score
78.7
Good
Overall 78.7 · Larger and newer than most nearby homes
1,729 sqft (top 14%) · Built in 1955 (2 yrs newer 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 school, 2 parks, and 1 place of worship nearby
Living Area
Above average
28% larger than neighborhood avg.
Year Built
Above average
2 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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78.7 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
607 Waterloo Street — 4 amenities found within 500 m, across 3 categories, including 1 education (nearest 299 m), 2 parks (nearest 283 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 30% | Top 8% | Top 10% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 607 Waterloo Street, Winnipeg
Key Characteristics & Appeal
This one-storey home on a mature, residential street in Central River Heights offers a practical and well-proportioned living space. Built in 1955, it is notably newer than many homes in the immediate area and neighbourhood, which often suggests updated infrastructure and potentially fewer major maintenance concerns tied to age. With 1,729 sqft of living area, it provides above-average interior space for both Central River Heights and Winnipeg overall, making it a roomy option within the character-home category.
The appeal lies in its balanced, grounded profile. It sits on a standard city lot and features a renovated basement and a detached garage. The home doesn’t rank as extreme in any single metric but performs solidly across the board. It particularly stands out for offering more modern construction than its neighbours while providing more interior space than the citywide average—a combination that can be hard to find in established neighbourhoods.
This property would suit a buyer looking for a move-in-ready, single-level home in a prime, central location without the premium price tag of a heritage showpiece. It’s ideal for those who value practical space and newer construction over vast lot size or ultra-high-end finishes. It also represents a savvy opportunity for someone who understands that a home newer than its peers in an old neighbourhood can mean hidden value in wiring, plumbing, and foundational wear-and-tear.
Frequently Asked Questions
1. How does the lot size compare?
At 4,822 sqft, the lot is around the average for Waterloo Street itself and is slightly below the average for Central River Heights. It is a standard city lot, providing typical yard space for the area without being exceptionally large or small.
2. The assessed value seems low. Why is that?
The assessed value of $48,200 is for municipal tax purposes and is not an indicator of market value. The home last sold in June 2023 for $55,600, which is a more relevant current benchmark. The assessed value places the property above average for both the neighbourhood and the city, reflecting its solid standing.
3. What does "above average" for year built really mean?
Most comparable homes on Waterloo Street average a build year of 1946, and in Central River Heights, 1953. This home was built in 1955, making it 9-12 years newer than many direct neighbours. This is a relative advantage, often associated with updates to building codes and materials.
4. Is the living area sufficient for a family?
With 1,729 sqft, the living area is larger than 86% of homes in Central River Heights and 80% of homes citywide. For a one-storey home, this is a generous footprint and is likely ample for a small to medium-sized family, especially with the addition of a renovated basement.
5. How does this home’s value compare to the nearby reference property?
The listed reference property at 589 Niagara Street is slightly larger (1,940 sqft) and has a slightly higher assessed value, but it is also two years older. This comparison highlights that 607 Waterloo Street offers a very competitive package of space and modern construction for its value segment in the neighbourhood.
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