Property score
83.6
Excellent
Overall 83.6 · Larger and newer than most nearby homes
2,104 sqft (top 3%) · 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
87% 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
234 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 4% | Top 2% | Top 1% |
Request exact sold prices and history by email
Address · Distance
Property Overview & Key Characteristics
This condominium at 234 Waterfront Drive is a standout property defined by its generous scale and premium valuation. Its primary appeal lies in offering over 2,100 square feet of living space, which places it in the top 4% of homes on its street and the top 1% citywide for size. This is a rare find for a condo, providing the spaciousness typically associated with a detached house. The property’s assessed value of approximately $94,700 further underscores its elite market position, ranking in the top 1-2% across all comparison levels. Built in 2006, it is a relatively modern residence, especially within the historic Exchange District context.
The unit’s appeal is rooted in a combination of urban convenience and uncommon interior volume. It suits buyers who prioritize space and a premium address but desire the low-maintenance lifestyle of a condo. This would be ideal for empty-nesters seeking to downsize from a house without sacrificing room, professionals wanting a spacious urban live/work environment, or buyers who simply value the rarity of a large, modern condo in a central location. A thoughtful perspective is that the high assessed value relative to the city average suggests a strong, established worth, yet the recent sale price of $900k indicates the market attributes a significant additional premium for the unique attributes of the property itself.
Frequently Asked Questions
1. How does the property’s age (2006) affect its value?
While its 2006 build date is newer than many in the Exchange District, it’s not a brand-new build. The value is driven far more by its exceptional size and location than by being a recent construction. Major systems are likely modern but may be approaching the age where routine updates or replacements should be budgeted for.
2. What does the significant difference between the assessed value (~$94.7k) and the last sale price ($900k) mean?
This is a common point of confusion. The assessed value is used for calculating municipal property taxes and is often significantly lower than market value. The sale price reflects what a buyer was actually willing to pay in the open market, which in this case is heavily influenced by the condo’s rarity, size, and waterfront location.
3. Who is responsible for the building’s exterior and common areas?
As a condominium, the corporation manages the building exterior, roof, common areas, and amenities. The condo fee covers these costs, along with likely a reserve fund for major repairs. A review of the condo corporation’s financial health and bylaws is essential.
4. Is this unit’s large size unusual for the area?
Yes. The data shows its living area is more than double the average for comparable homes citywide and places it in the 99th percentile. This makes it a unique offering, especially within a condo building, and is a key factor in its premium pricing.
5. What are the implications of its "Elite" rankings for living area and value?
These rankings aren’t just marketing terms; they are data-driven indicators of scarcity. They mean you are competing for one of the largest and most highly valued condos on the market. This can provide strong long-term value retention but also means there are very few direct comparable properties, making precise valuation more nuanced.
