Property score
73.6
Good
Overall 73.6 · Older than most nearby homes
1,676 sqft (top 34%) · Built in 1922 (15 yrs older than avg)
Located in a high-income area with median household income of ~121k
Transit 68.0 · 3-min walk to transit with 1 nearby route · Within 500m: 3 dining spots, 2 schools, 1 fuel station, and 1 place of worship nearby
Living Area
Near average
9% larger than neighborhood avg.
Year Built
Below average
15 yrs older than neighborhood avg.
Mother tongue
English · 88%French · 1%
Past 10 years North River Heights sales snapshot (~80% of all data)
770
480k
$319/sqft
1937
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
73.6 is composed by the two sections below.
Property Score
Community Score
North River Heights
How to read: Share of sales in each ~$50k price band for “north 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: #46110381
$121K
Median household income
$160K
Average household income
9%
Low income (LIM-AT)
0.3
Income inequality (Gini)
5.0
P90 / P10 ratio
30%
Single-person households
30%
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
199 Waterloo Street — 7 amenities found within 500 m, across 4 categories, including 3 dining (nearest 106 m), 2 education (nearest 288 m).
North River Heights · WPS public data · 2026
Annual incidents
7
2026
vs. city avg
-76%
relative to avg
Year-over-year
▼ -97%
vs. prior year
Primary type
Property
57%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 21% | Bottom 37% | Top 38% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 199 Waterloo Street, North River Heights
Key Characteristics & Appeal
This home presents a distinct profile within Winnipeg’s desirable North River Heights neighbourhood. Built in 1922, it is a century-old character home, offering above-average interior space (1,676 sq ft) compared to the city-wide average, on a moderately sized lot. Its assessed value of $410,000 sits below the average for its immediate street but is aligned with broader area and city averages, suggesting it may offer a value-oriented entry point into the neighbourhood.
The appeal lies in this balance of space, location, and price. It suits buyers seeking character and established streetscapes over new construction, and who are prepared for the realities of an older home. It’s a practical choice for those who want the amenities and prestige of North River Heights without the premium price tag of a fully updated or larger lot property. A thoughtful perspective is that its "below-average" valuation on a street of higher-valued homes could represent a long-term value opportunity as the neighbourhood evolves, assuming one is comfortable with potential renovation needs common for a home of this age.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $410,000 is for municipal tax purposes. The last known sale was between $350,000-$400,000 in late 2020. The current market price will be influenced by condition, updates, and market trends, and may differ significantly from these figures.
2. What are the considerations with a home built in 1922?
A home of this age offers charm and established neighbourhood character but requires careful attention to aging infrastructure. Prospective buyers should prioritize inspections for the foundation, roof, plumbing, electrical systems, and insulation to understand any needed updates or repairs.
3. The lot size is noted as "below average" for the street. How impactful is this?
At 4,821 sq ft, the lot is smaller than many on Waterloo Street but is close to the average for North River Heights overall. This typically means a smaller backyard but also less maintenance. It’s a trade-off that prioritizes interior space and location over extensive private outdoor space.
4. Is the sold price data for this property complete?
The sold price history shown is based on publicly available data, not the MLS. To obtain the exact, verified sale history, you must request it directly via the email service provided on the listing page.
5. What does the "around average" ranking for living area actually mean?
It means the home’s interior square footage is competitive. It ranks in the top 34% compared to similar homes in North River Heights, indicating it offers more space than many area homes, which is a key advantage for an older property.
