Property score
78.3
Good
Overall 78.3 · Larger but older than most nearby homes
2,424 sqft (top 7%) · Built in 1922 (15 yrs older than avg)
Located in a high-income area with median household income of ~121k
Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 3 dining spots, 2 schools, 1 fuel station, and 1 place of worship nearby
Living Area
Above average
57% 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
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78.3 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
223 Waterloo Street — 7 amenities found within 500 m, across 4 categories, including 3 dining (nearest 179 m), 2 education (nearest 245 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 | Top 16% | Top 9% | Top 4% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This home at 223 Waterloo Street in North River Heights is defined by its generous proportions and established character. Built in 1922, it offers substantial living space that ranks well above average for the street, neighbourhood, and entire city. The appeal lies in acquiring a notably spacious home in a prime area, with an assessed value that reflects its premium standing. It would best suit a buyer who values classic architecture and roominess over a modern build date, and who is prepared for the stewardship of a century-old property. A thoughtful perspective is that while the lot size is typical for the area, the house itself uses that land efficiently to provide elite-level interior space, suggesting a well-considered original layout.
Frequently Asked Questions
How does the 1922 build date impact the property?
While the home is older than most on the street and in the city, this is characteristic of many established homes in desirable, central neighbourhoods. It implies classic construction and charm, but prospective buyers should prioritize a thorough inspection to understand the condition of major systems, the roof, and the foundation.
The assessed value is much higher than area averages. What does this mean?
The assessment places the home in the top 4% of North River Heights and top 3% city-wide. This typically reflects the property’s above-average living area, desirable location, and market position. It’s a strong indicator of the home’s premium market tier, but the final sale price is determined by current market conditions.
Is the lot size a drawback?
The land area is generally average for North River Heights and slightly below average for Waterloo Street itself. This isn’t unusual for older neighbourhoods where homes are closer together. The trade-off is a very efficient use of the lot, with a large home situated on it.
What can the 2016 sale price tell me?
The previous sale price provides a historical benchmark, but it is not a reliable indicator of current value. The market and the property itself have likely changed significantly in the intervening years. For the most accurate and current valuation, consulting a local real estate professional is recommended.
How accurate is this data?
The living area, assessed value, and lot size are sourced from official property assessment records and are reliable. The sold price data is compiled from public sources and is presented as a general range; for verified, exact historical sale figures, you would need to request a manual lookup from the site or consult with a real estate agent who has access to complete MLS records.
