Property score
83.6
Excellent
Overall 83.6 · Larger and newer than most nearby homes
2,061 sqft (top 3%) · Built in 2007 (82 yrs newer than avg)
Located in a above-average income area with median household income of ~75k
Transit 94.0 · 1-min walk to transit with 4 nearby routes · Within 500m: 32 dining spots, 3 schools, 3 healthcare facilitys, and 1 shop nearby
Living Area
Above average
83% larger than neighborhood avg.
Year Built
Above average
82 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
603-280 Waterfront Drive — 47 amenities found within 500 m, across 8 categories, including 32 dining (nearest 14 m), 3 education (nearest 172 m), 3 healthcare (nearest 105 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 1% | 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 & Key Characteristics
This condominium at 603-280 Waterfront Drive is a standout, high-value property in Winnipeg’s historic Exchange District. Its primary appeal lies in its exceptional scale and premium valuation. With over 2,000 square feet of living space, it ranks in the top 4% of homes on Waterfront Drive and the top 1% city-wide for size, offering a rare amount of interior space for a condo. This is complemented by a high assessed value of $860,000, placing it in the top 5% locally and the top 1% across Winnipeg.
The unit is situated in a building from 2007, which is modern by Exchange District standards—a neighbourhood known for its heritage character. This offers a balance of contemporary comforts within a historic setting. The property last sold in 2016 for $1.2M, indicating a history of high-market transactions.
It would best suit buyers who prioritize spacious, urban living without compromise, such as empty-nesters seeking a luxurious downtown footprint or professionals desiring a true "home in the sky" with room for a dedicated office and entertainment space. Its elite metrics suggest it’s for those viewing real estate as a long-term investment in a premier location, not just a simple purchase.
Frequently Asked Questions
1. What does the "Elite" ranking mean for living area?
It means this condo's square footage is larger than approximately 96-99% of all comparable homes in Winnipeg, making it exceptionally spacious for a downtown property.
2. The building was built in 2007. Is that considered old for a condo?
Not in this context. While it's around average for its immediate street, it's actually a very modern building compared to the broader Exchange District, where the average comparable home was built in 1925. This means you get newer construction systems and amenities while being in a historic neighbourhood.
3. Why is there such a large difference between the assessed value ($860k) and the last sale price ($1.2M in 2016)?
Assessed value is for municipal tax purposes and often lags behind the market. The 2016 sale price reflects what a buyer was willing to pay at that time, and it highlights the property's established position in the premium market segment.
4. What are the condo fees, and what do they include?
This information is not provided in the current data. A review of the condo corporation's financial statements, reserve fund study, and bylaws is essential to understand monthly fees, included amenities (like heat, water, building insurance), and the long-term health of the building.
5. The nearby properties listed are all in the same complexes. What does this indicate?
It shows this address is part of a concentrated, modern residential development along the waterfront. This can foster a consistent neighbourhood feel but also means value and livability are closely tied to the management and upkeep of these specific buildings.
