75.1
Good
Property score
75.1
Good
Overall 75.1
Compared with neighbourhood average
1,363 sqft (top 37%)
Built in 1951 (2 yrs older than avg)
Located in a high-income area
with median household income of ~134k
Transit 70.0
5-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
Near average
1% larger than neighborhood avg.
Year Built
Below average
2 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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75.1 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
641 Waterloo Street — 6 amenities found within 500 m, across 4 categories, including 1 dining (nearest 403 m), 2 education (nearest 374 m), 2 parks (nearest 259 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 45% | Top 17% | Top 16% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 641 Waterloo Street, Central River Heights
Key Characteristics & Appeal
This 1951 two-storey home in Central River Heights sits on a notably spacious lot, over 6,000 square feet, which is larger than most properties on its street and in the desirable neighbourhood. The home itself offers 1,363 sqft of living space, which is in line with city-wide averages, and features a renovated basement and a detached garage. It last sold in July 2022 for $500,000, a price point that was above average for Winnipeg overall at the time.
The primary appeal lies in its land and location. The generous lot size in a mature, established area like Central River Heights presents a significant opportunity for gardening, outdoor living, or future expansion. While the house is of average size for the city, the renovated basement adds functional living space. The property’s assessed value is above average for both the neighbourhood and city, suggesting it is viewed as a solid asset in a prime area.
This home would suit buyers who prioritize lot size and location over a large existing footprint. It’s ideal for someone looking for a character home in a central neighbourhood with the potential to customize or expand over time. It would also appeal to a value-conscious buyer seeking a home with recent updates (like the basement) in a market where the land itself is a key driver of long-term value.
Frequently Asked Questions
1. Is the lot size a major advantage?
Yes. At over 6,000 sqft, the lot is in the top 20% on Waterloo Street and top 16% in Central River Heights. This is a standout feature for the area, offering more private outdoor space than many comparable properties.
2. How does the 2022 sale price compare to the current assessed value?
The home sold for $500,000 in 2022. Its current assessed value is $51,500 (note: this is likely the taxable assessment, not a market valuation). The sale price was above the city-wide average at the time, indicating a strong market perception of the property.
3. What is the condition of the major systems, given the home's age?
The listing confirms a renovated basement, which is a positive update. As the home was built in 1951, prospective buyers should budget for inspections of the original roof, wiring, plumbing, and foundation to plan for any necessary updates or maintenance.
4. Who are the typical neighbours or buyers in this area?
Central River Heights is a sought-after, established neighbourhood popular with professionals, families, and long-term residents. The mix of character homes and larger lots attracts buyers looking for a central location with a community feel.
5. How does this home compare to others on the street?
The home has a larger-than-average lot for Waterloo Street but a slightly smaller-than-average living area compared to its immediate street peers. This indicates you are buying more for the land and location, with a house that is comfortable but may have a cozier feel than some neighbours.
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