Property score
84.4
Excellent
Overall 84.4 · Larger and newer than most nearby homes
2,382 sqft (top 1%) · 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
ਰਹਿਣ ਵਾਲਾ ਖੇਤਰ
Above average
112% larger than neighborhood avg.
ਤਰੀਕ ਤੋਂ ਬਣਿਆ
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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84.4 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” (ਕੋਂਡੋ, 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.
ਸਾਲ: ਨਵਾਂ = ਬਿਹਤਰ ਰੈਂਕ
ਰਹਿਣ ਖੇਤਰ: ਵੱਡਾ = ਬਿਹਤਰ ਰੈਂਕ
ਮੁਲਾਂਕਣ: ਉੱਚਾ ਮੁੱਲ = ਬਿਹਤਰ ਰੈਂਕ
ਬਾਰ: ਭਰਨ ਦੀ ਲੰਬਾਈ ≈ ਤੁਸੀਂ ਕਿੰਨੇ ਸਹਿਪਾਠੀਆਂ ਨੂੰ ਪਛਾੜਦੇ ਹੋ; ਧੁਰੀ ਉੱਤੇ ਲਾਲ → ਪੀਲਾ → ਨੀਲਾ ਗਰੇਡੀਐਂਟ (ਖੱਬੇ ਤੋਂ ਸੱਜੇ)। ਟੂਟੀ ਲੰਬਵਤ ਲਕੀਰ ≈ ਮੀਡੀਅਨ ਬੈਂਚਮਾਰਕ; ਚਿੱਟਾ ਟਿਕ (ਹਲਕੀ ਛਾਂ) = ਤੁਹਾਡੀ ਸਥਿਤੀ। ਬੈਜ ਰੰਗ / diamond ਤੇ flame ਆਈਕਨ ਅਜੇ ਵੀ ਟਾਇਰ ਦੇ ਅਨੁਸਾਰ।
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.
ਨੇੜੇ ਦੇ ਸਟਾਪ, ਰੂਟ ਅਤੇ ਟ੍ਰਾਂਜ਼ਿਟ ਸਕੋਰ
Dining, education, healthcare, shopping & more
604-280 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%
ਉਹੀ ਸਟ੍ਰੀਟ
ਉਹੀ ਇਲਾਕਾ
ਪੂਰਾ ਸ਼ਹਿਰ
| ਮਾਪ | ਉਹੀ ਸਟ੍ਰੀਟ | ਉਹੀ ਇਲਾਕਾ | ਪੂਰਾ ਸ਼ਹਿਰ |
|---|---|---|---|
ਵਿਕਰੀ ਮੁੱਲ | ਟਾਪ 1% | ਟਾਪ 1% | ਟਾਪ 1% |
Request exact figures by email
Address · Year Built · Living Area
ਪਤਾ · ਦੂਰੀ
Property Overview & Key Characteristics
This is a premier condominium at 604-280 Waterfront Drive in Winnipeg's historic Exchange District. Its primary appeal lies in its exceptional scale and prestigious location. With 2,382 square feet of living space, it ranks in the top 1% of homes city-wide for size, offering a rare, expansive floor plan more akin to a luxury detached home than a typical condo. The unit is situated directly on Waterfront Drive, promising iconic views of the Red River and immediate access to the city's most celebrated walking and cycling paths.
The property suits a specific buyer: someone seeking an urban, low-maintenance lifestyle without compromising on space, privacy, or quality. It’s ideal for empty-nesters who want to downsize from a house but not their living standards, or for professionals who desire a prestigious, turn-key residence in the heart of the city's cultural district. A less obvious perspective is its value proposition within the context of heritage neighbourhoods; while most buildings in the Exchange are much older, this 2007-built condo offers modern systems and amenities within a historic setting, providing contemporary comfort without the potential upkeep challenges of a century-old structure.
Frequently Asked Questions
1. What does the "Elite – Top 1%" ranking mean for the living area?
It means this condo's square footage is larger than 99% of all residential properties in Winnipeg, making its size exceptionally rare, especially for a condominium.
2. Why is the assessed value significantly different from the recent sale price?
The city's assessed value ($1.05M) is for taxation purposes and is based on a prior valuation date. The recent sale price of $1.43M reflects the current market value and what a buyer was willing to pay for this unique, high-demand property.
3. What are the implications of having no basement?
As a condo, this unit includes only its specific interior space. Storage, mechanical systems, and parking would be located in common areas of the building, not in a private basement. This emphasizes the importance of understanding the condo's designated storage and parking arrangements.
4. The year built is ranked "around average" on its street but "Elite" in the Exchange District. Why?
This highlights the character of the neighbourhood. Waterfront Drive has many newer condos, making a 2007 build typical there. However, within the broader Exchange District, which is dominated by heritage buildings from the early 1900s, a 2007 construction is very modern and ranks at the very top for being new.
5. Who is responsible for exterior maintenance and major repairs?
As a condominium, the corporation is responsible for the building's exterior, common areas, and major structural elements. The owner is responsible for the interior of the unit. Details would be outlined in the condo's reserve fund study and bylaws, which are essential review documents for any serious buyer.
