207 Waverley Street

North River Heights, Winnipeg

Property score

83.0

Excellent

Overall 83.0 · Larger but older than most nearby homes

2,088 sqft (top 14%) · Built in 1924 (13 yrs older than avg)

Located in a high-income area with median household income of ~162k

Transit 86.0 · 3-min walk to transit with 4 nearby routes · Within 500m: 1 school, and 1 place of worship nearby

Living Area

Above average

36% larger than neighborhood avg.

Year Built

Below average

13 yrs older than neighborhood avg.

Mother tongue

English · 89%French · 2%

Past 10 years North River Heights sales snapshot (~80% of all data)

Sold Count

770

Median price

480k

$/sqft

$319/sqft

Avg build year

1937

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Property score

83.0 is composed by the two sections below.

Property Score

75.4Good
Living Area94
2,088 sqftExcellent
Year Built20
1924Low
Lot Size88
7,218 sqftExcellent
Neighbourhood Sales Activity37
Low

Community Score

94.4Excellent
Household Income95
Excellent
Education Level100
Excellent
Housing Stress93
Excellent
Core Housing Need100
Excellent
Employment Health76
Good

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110664

Community deep dive

$162K

Median household income

$202K

Average household income

3%

Low income (LIM-AT)

0.2

Income inequality (Gini)

3.1

P90 / P10 ratio

18%

Single-person households

39%

Families with children

Population, labour & age

Population (2021)460
Labour force participation rate76%
Median age43.2
Avg household size2.8
Unemployment rate14%
Population density3833 / km²

Households & income

Low income (LIM-AT, % pop.)3%
Single-person households18%
Couple families with children39%
Median household income (2020)$162K

Housing

Renter households8%
Condominium dwellings0%
Median dwelling value (owners)$528K

Diversity, education & language

Immigrants (share of pop.)14%
Visible minority8%
Bachelor's or higher (25–64)64%
Mother tongue (1st)English · 89%
Mother tongue (2nd)French · 2%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

above average
2,088 sqft
0255075100
Same streetTop 23%Same areaTop 14%CitywideTop 9%
Same street · Waverley Street
#68 / 293
Top 23% · Avg 1,692 sqft
Same area · North River Heights
#308 / 2,168
Top 14% · Avg 1,540 sqft
Citywide · Winnipeg
#17,081 / 194,458
Top 9% · Avg 1,342 sqft

Tax-Assessed Value

above average
643k
0255075100
Same streetTop 15%Same areaTop 10%CitywideTop 6%
Same street · Waverley Street
#44 / 293
Top 15% · Avg 518.4k
Same area · North River Heights
#207 / 2,168
Top 10% · Avg 479.3k
Citywide · Winnipeg
#10,930 / 194,458
Top 6% · Avg 390.1k

Year Built

below average
1924
0255075100
Same streetBottom 13%Same areaBottom 19%CitywideBottom 15%

Lot Size

Elite
7,218 sqft
0255075100
Same streetTop 23%Same areaTop 3%CitywideTop 15%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

207 Waverley Street — 2 amenities found within 500 m, across 2 categories, including 1 education (nearest 475 m).

Search radius
🏫Education1
Worship1

Crime & Safety

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%

Sales History

Sold 5/2020CA$550k–600k
Sold price

Same street

Top 19%

Same area

Top 15%

City-wide

Top 8%

Related homes

Highlights & common questions: 207 Waverley Street, Winnipeg

Property Overview: 207 Waverley Street, North River Heights, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 207 Waverley Street presents a compelling blend of established character and above-average space. Built in 1924, it is an older home in the context of its immediate street and the desirable North River Heights neighbourhood, which suggests potential for classic architectural details but also warrants a close look at its condition and updates.

The primary appeal lies in its generous proportions, both in the home itself and the lot. With 2,088 sqft of living area, it ranks within the top quarter of homes on its street and top 14% in North River Heights for size. More notably, the 7,218 sqft land parcel is exceptionally large for the area, placing it in the elite top 3% of neighbourhood lots. This offers significant outdoor space, potential for gardening, expansion, or simply more privacy—a rare find in a mature, central community. With an assessed value of $643,000, it sits comfortably above average comparisons at the street, neighbourhood, and city-wide levels, reflecting its substantial footprint and location.

This property would best suit buyers who value space over newness. It’s ideal for a growing family seeking room to spread out indoors and outdoors in a proven neighbourhood, or for someone with a vision to update a character home while enjoying one of the larger lots in the area. It appeals to those who understand the trade-offs of an older home—potential for charm and equity through renovation, balanced against the need for diligent maintenance.

Section 2: Frequently Asked Questions

1. What does the "Elite" ranking for land area actually mean?
It means this property's lot size of 7,218 sqft is larger than approximately 97% of the lots in North River Heights. It is a standout feature, offering significantly more yard space than the neighbourhood average of about 5,054 sqft.

2. The home is older than most on the street. Should I be concerned?
The year built (1924) is a key consideration. It places the home in the bottom 20% for age on Waverley Street. This doesn't automatically indicate problems, but it highlights the importance of a thorough inspection focusing on foundational integrity, wiring, plumbing, and the roof to understand the home's current state and any needed investments.

3. How reliable is the sold price data shown?
The site notes that sold price data is from public sources, not the MLS, and is presented as a range. For fully verified and exact historical sale figures, you must request a manual lookup from the site via email, as industry rules prevent displaying official MLS records here.

4. The assessed value is high compared to area averages. Does that mean the taxes will be high?
A higher assessed value generally leads to higher property taxes, as taxes are calculated using a mill rate applied to your assessment. This home's value is in the top 10% for North River Heights, so you should budget for property taxes commensurate with that tier.

5. What is the practical benefit of the larger living area and lot size?
Beyond more rooms and yard, these metrics often correlate with greater flexibility. The larger living area can accommodate home offices, multi-generational living, or dedicated hobby spaces. The substantial lot provides potential for additions, a detached garage or workshop, mature landscaping, or simply a greater sense of separation from neighbours—a premium in established infill neighbourhoods.