Central River Heights, Winnipeg
Property score
63.2
Fair
Overall 63.2 · Smaller but newer than most nearby homes
967 sqft (bottom 10%) · Built in 1953
Located in a high-income area with median household income of ~141k
Transit 88.0 · 1-min walk to transit with 3 nearby routes · Within 500m: 1 dining spot, 2 schools, 2 parks, and 1 place of worship nearby
Living Area
Below average
28% smaller than neighborhood avg.
Year Built
Above average
0 yrs newer than neighborhood avg.
Mother tongue
English · 84%French · 1%
Past 10 years Central River Heights sales snapshot (~80% of all data)
426
580k
$326/sqft
1953
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63.2 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: #46111044
$141K
Median household income
$160K
Average household income
1%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.6
P90 / P10 ratio
13%
Single-person households
37%
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
701 Niagara Street — 6 amenities found within 500 m, across 4 categories, including 1 dining (nearest 34 m), 2 education (nearest 293 m), 2 parks (nearest 397 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 | Bottom 37% | Bottom 48% | Top 33% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 701 Niagara Street, Winnipeg
Key Characteristics & Appeal
This one-storey home in Central River Heights sits on a notably spacious, above-average lot for its immediate street and neighbourhood. Built in 1953, it is newer than many surrounding homes, offering a potential advantage in terms of foundational wear and update timelines. The property features a detached garage and a renovated basement, adding functional space. Its primary appeal lies in the land value and location within a desirable neighbourhood, coupled with a lower assessed value that may present an entry point into the area. The living area itself is compact compared to peers, suggesting a home best suited for efficient use of space or future expansion.
This property would suit a specific buyer: those prioritizing lot size and location over interior square footage. It's a strong candidate for first-time buyers seeking a foothold in Central River Heights, downsizers looking for manageable living with a generous yard, or investors/renovators who see potential in the solid lot and basement to increase the home's value over time. The recent sale price indicates the market premium for the location, even for a smaller home.
Frequently Asked Questions
1. Is the house small?
Yes. At 967 sqft, the living area is below average for the street, neighbourhood, and city. This confirms the home's focus is on its lot and location rather than interior size.
2. What does "renovated basement" mean?
The listing notes the basement is renovated, but the scope and quality are unspecified. A professional inspection is recommended to understand the finish, permits, and how it adds functional living or storage space.
3. Why is the assessed value so much lower than the recent sale price?
The assessed value ($40.8k) is for taxation purposes and often lags behind market value. The 2022 sale at $400k is a clearer indicator of its market price, reflecting the high demand for land in Central River Heights.
4. How does the lot size compare?
The lot is a key feature. At over 5,000 sqft, it ranks in the top 26% on Niagara Street, meaning it's larger than most direct neighbours. This offers more outdoor privacy and potential than typical for the area.
5. What are the implications of the home's age (1953)?
While newer than many area homes, a house from 1953 will still have age-related considerations. Key systems like plumbing, electrical, and the roof may be due for updates or inspection, which should be factored into planning.
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