Property score
83.6
Excellent
Overall 83.6 · Larger and newer than most nearby homes
2,113 sqft (top 2%) · Built in 2006 (81 yrs newer than avg)
Located in a above-average income area with median household income of ~75k
Transit 100.0 · 2-min walk to transit with 8 nearby routes · Within 500m: 37 dining spots, 2 schools, 3 healthcare facilitys, and 1 shop nearby
Living Area
Above average
88% larger than neighborhood avg.
Year Built
Above average
81 yrs newer than neighborhood avg.
Mother tongue
English · 81%French · 3%
Past 10 years Exchange District sales snapshot (~80% of all data)
317
240k
$287/sqft
1925
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83.6 is composed by the two sections below.
Property Score
Community Score
Exchange District
How to read: Share of sales in each ~$50k price band for “exchange district” (Condos, 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: #46110669
$75K
Median household income
$126K
Average household income
17%
Low income (LIM-AT)
0.4
Income inequality (Gini)
6.2
P90 / P10 ratio
54%
Single-person households
7%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
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
232 Waterfront Drive — 52 amenities found within 500 m, across 9 categories, including 37 dining (nearest 66 m), 2 education (nearest 200 m), 3 healthcare (nearest 10 m).
Exchange District · WPS public data · 2026
Annual incidents
48
2026
vs. city avg
+63%
relative to avg
Year-over-year
▼ -95%
vs. prior year
Primary type
Property
77%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 3% | Top 1% | Top 1% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Appeal
This condominium at 232 Waterfront Drive is a standout property defined by its exceptional space and premium valuation. Its primary appeal lies in its generous 2,113 sqft living area, which places it in the top 3% of homes on its street, the top 2% within Winnipeg's historic Exchange District, and the top 1% city-wide. This substantial size is a rare find for a condo, offering the spaciousness more typical of a detached home. With an assessed value of $950,000, it occupies a similar elite tier in terms of market valuation. Built in 2006, the building is modern compared to many heritage properties in the Exchange District, offering contemporary systems and amenities without the potential maintenance concerns of an older structure.
The property suits buyers who prioritize expansive, high-end urban living over a yard. It’s ideal for empty-nesters seeking to downsize from a large house without sacrificing square footage, or for professionals desiring a prestigious, low-maintenance residence in the heart of the city. Its location on Waterfront Drive promises iconic views and a vibrant, walkable neighbourhood lifestyle. A less obvious perspective is that this condo represents a specific kind of value: you are paying a premium for space and location in a market where such large condos are exceedingly scarce, which can be a sound long-term investment in a niche segment.
Frequently Asked Questions
1. How does the 2006 build year compare to the neighbourhood?
While the building is newer than the median city-wide home, it is actually above average for the Exchange District, where many buildings are historic. This means you benefit from modern construction while being in a character neighbourhood.
2. What does the "Elite" ranking for Assessed Value mean?
It indicates the property's $950,000 assessment is among the highest percentile compared to similar properties. This generally reflects a premium market position, but it's important to review recent sale prices and market trends to understand current value.
3. Who would this property not suit?
It may not be the best fit for first-time buyers or those on a strict budget, given its premium price point. It also wouldn't suit buyers seeking a traditional backyard or those preferring a brand-new, just-built construction.
4. The last sale was in 2019 for $1,000,000. How does that relate to the current assessed value?
The assessed value ($950,000) is an estimate for municipal tax purposes, not a direct market appraisal. The 2019 sale price provides a historical data point, but a current market evaluation is necessary to determine today's listing or offer price.
5. What are the implications of such a high living area ranking?
This confirms the unit's size is a major differentiator. You are getting significantly more interior space than the vast majority of condos in Winnipeg, which often translates to higher utility costs but also greater flexibility for in-home offices, entertaining, or family living.
