Property score
63.4
Fair
Overall 63.4 · Smaller and older than most nearby homes
1,048 sqft (bottom 20%) · Built in 1924 (13 yrs older than avg)
Located in a high-income area with median household income of ~124k
Transit 80.0 · 2-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
Below average
32% smaller than neighborhood avg.
Year Built
Below average
13 yrs older than neighborhood avg.
Mother tongue
English · 88%French · 2%
Past 10 years North River Heights sales snapshot (~80% of all data)
770
480k
$319/sqft
1937
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63.4 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: #46110380
$124K
Median household income
$158K
Average household income
5%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.6
P90 / P10 ratio
21%
Single-person households
32%
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
227 Niagara Street — 7 amenities found within 500 m, across 4 categories, including 3 dining (nearest 207 m), 2 education (nearest 161 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 11% | Bottom 16% | Bottom 45% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 227 Niagara Street, North River Heights, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This home is a classic 1924 bungalow on a standard 4,320 sqft lot in the established North River Heights neighbourhood. Its key characteristic is value positioning: with 1,048 sqft of living space and an assessed value of $361k, it sits well below the average for its immediate street and area in terms of both size and price. This creates a clear entry point into a desirable neighbourhood known for its mature streets, central location, and strong community feel.
The appeal lies in the opportunity. It suits a first-time homebuyer, a downsizer, or an investor looking for a character home with land in a prime location. The lot size is consistent with the street, offering typical backyard potential. A thoughtful perspective is that its "below-average" metrics compared to neighbours aren't just drawbacks—they represent a lower property tax base and a chance to add value through updates or an addition without over-improving for the area. It’s a property for someone who values location and land over turn-key condition and maximum square footage.
Frequently Asked Questions
1. Why is the assessed value significantly lower than the area average?
The assessed value reflects factors like the home's smaller size (approx. 500 sqft less than the neighbourhood average), its age, and likely its original condition. It indicates this is a more baseline property in the area, not a renovated or expanded home.
2. What does the sale history tell us?
It last sold between $300k-$350k in July 2019. This past price, combined with the current assessment, suggests a history of being a more affordable option on the street, which may indicate a consistent value proposition rather than a sudden change.
3. Is the smaller living area a major limitation?
At 1,048 sqft, it is compact. It would suit a smaller household or someone comfortable with efficient use of space. The potential for future expansion, subject to permits, is a key consideration given the decent lot size.
4. How does the year built (1924) affect this home?
As a century-old home, it has character but likely requires careful attention to aging components like wiring, plumbing, windows, and insulation. A thorough inspection is essential, but this vintage also contributes to the neighbourhood's charm.
5. Are the property taxes lower because of the assessment?
While not a direct calculation, a lower assessed value generally results in a lower municipal property tax bill than a larger, renovated home on the same street, which can be a meaningful ongoing savings.
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