Central River Heights, Winnipeg
Property score
81.6
Excellent
Overall 81.6 · Larger and newer than most nearby homes
1,825 sqft (top 11%) · Built in 1953
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
Above average
36% larger than neighborhood avg.
Year Built
Above average
0 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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81.6 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
615 Waterloo Street — 5 amenities found within 500 m, across 4 categories, including 1 dining (nearest 494 m), 1 education (nearest 313 m), 2 parks (nearest 273 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 22% | Top 3% | Top 6% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 615 Waterloo Street, Central River Heights
Key Characteristics & Appeal
This well-situated two-storey home in Central River Heights presents a compelling blend of space, location, and established character. Built in 1953, the house sits on a generously sized lot of over 6,000 sq ft, which is notably larger than many of its neighbours and peers across the city. With 1,825 sq ft of living space, it offers above-average roominess for the area, catering well to growing families or those who appreciate spacious interiors.
The home’s primary appeal lies in its solid positioning within a desirable neighbourhood. The numbers tell a clear story: its lot size, living area, and assessed value consistently rank in the top 25-30% when compared to other homes on Waterloo Street and in Central River Heights at large. This suggests a property that outperforms local norms. A key feature is the renovated basement, adding valuable finished space, and the property includes a detached garage. It last sold in June 2021 for $630,000, a price that was well above average for the neighbourhood at the time, indicating strong market appeal.
This property would suit buyers looking for a established home in a prime location without compromising on yard space. It’s ideal for those who value a character neighbourhood but want a house that stands above the median in terms of scale and lot size. It would also appeal to someone viewing the renovated basement as a key asset for family living, hobbies, or extra storage.
Frequently Asked Questions
1. What does the assessed value mean, and is the sale price related to it?
The assessed value (listed as $58.80k) is for municipal tax purposes only and is not an indicator of market value. The home last sold for $630,000 in 2021, which is the relevant figure for understanding its recent market price.
2. How does this home compare to others nearby?
The data shows this home consistently ranks above average for its street and the wider Central River Heights area in key categories like land area, living space, and assessed value. This means you’re getting more space and a higher-valued property than many in the immediate vicinity.
3. Is a 1953-built home a concern?
While not new, the year built (1953) is actually newer than the average for both Waterloo Street and Central River Heights. This suggests the home may have more modern infrastructure than many peers in this established neighbourhood. The renovated basement is also a positive update.
4. What are the implications of a detached garage?
A detached garage offers flexibility—it can be used purely for vehicle storage, converted into a workshop, or serve as extra storage without impacting the main house's layout. However, it requires going outdoors to access, which can be a consideration in Winnipeg winters.
5. The sale price in 2021 seems high for the area. Why?
The data confirms the $630,000 sale price was in the top 4% for Central River Heights at the time. This premium was likely commanded by the combination of a large lot, above-average living space, a renovated basement, and the overall scarcity of homes with these combined attributes in this sought-after location.
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