60.4
Fair
Property score
60.4
Fair
Overall 60.4
Smaller and older than most nearby homes
860 sqft (bottom 2%)
Built in 1950 (3 yrs older than avg)
Located in a high-income area
with median household income of ~134k
Transit 70.0
6-min walk to transit with 3 nearby routes
Within 500m: 1 dining spot, 2 schools, 2 parks, and 1 place of worship nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
36% smaller than neighborhood avg.
Year Built
Below average
3 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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60.4 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
636 Waterloo Street — 6 amenities found within 500 m, across 4 categories, including 1 dining (nearest 451 m), 2 education (nearest 396 m), 2 parks (nearest 317 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%
Local garbage, recycling, and yard waste pickup schedule for 636 Waterloo Street.
Garbage
monday
Recycling
monday
Yard Waste
monday a
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 19% | Bottom 38% | Top 40% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This 1950s one-storey home on Waterloo Street in Central River Heights presents a distinct proposition. Its primary appeal lies in its generous 6,038 sqft lot, which is significantly larger than most in the immediate area and neighbourhood. The home itself is modest at 860 sqft of living space, and it features a renovated basement and a detached garage. The assessed value is positioned around the city-wide average. This isn't a move-in-ready showcase home; its value is rooted in its land and potential. It would suit a buyer looking for a central location with room to grow outdoors, or an investor/renovator who sees the underlying value in the lot size and is prepared to update or expand the existing structure. The very low sale price from 2021 suggests it was a project purchase, and its current assessment indicates recognized potential.
Frequently Asked Questions
1. What is the main draw of this property?
The standout feature is the lot size. At over 6,000 sqft, it offers substantial outdoor space that is rare for Central River Heights, providing room for gardens, recreation, or future expansion that most city lots cannot accommodate.
2. Is the house move-in ready?
Given the significant discrepancy between the modest living area, the recent low sale price, and the current assessed value, it strongly suggests the home requires modernization or significant work. The "renovated basement" is a positive note, but the overall condition of the main floor should be verified.
3. Who would this property suit best?
It's ideal for a buyer whose priority is land in a central, established neighbourhood. This could be a long-term homeowner planning a renovation or addition, or a buyer who values large private outdoor space over a large interior footprint.
4. How does the assessed value compare?
The assessment of $400k is around the Winnipeg average but is below average for Waterloo Street itself. This can indicate that the valuation is weighted heavily toward the land value rather than the current structure, which is common for older, smaller homes on large lots.
5. What should a potential buyer investigate first?
Focus on the feasibility and costs of renovating or expanding the existing 860 sqft footprint. Also, review any zoning or heritage guidelines for the area that might affect plans for the sizable lot, and obtain a clear understanding of what the "renovated basement" entails.
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