Property score
79.0
Good
Overall 79.0 · Larger but older than most nearby homes
2,547 sqft (top 5%) · Built in 1922 (15 yrs older than avg)
Located in a high-income area with median household income of ~121k
Transit 80.0 · 4-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
65% 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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79.0 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
232 Waterloo Street — 7 amenities found within 500 m, across 4 categories, including 3 dining (nearest 215 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 | Top 17% | Top 9% | Top 4% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 14% | Bottom 28% | Top 45% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 232 Waterloo Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home is defined by a compelling contrast: it is a century-old character property (built 1922) that offers significantly more interior space than most modern homes. With 2,547 sqft of living area, it ranks in the top 5% for size within the desirable North River Heights neighborhood and the top 3% citywide. This creates a rare opportunity for buyers seeking the charm and solid construction of a historic home without compromising on spacious, functional rooms.
Its appeal lies in this generous footprint, set on a standard city lot. While the lot size is typical for the area, the house itself is a standout, suggesting well-utilized space. The assessed value of $640k is consistently above average across all comparison levels, reflecting its premium positioning. The recent sale history indicates strong and accelerated value appreciation, marking it as a property in high demand.
This home would ideally suit buyers who value space and character over a new build. It’s perfect for a growing family needing room to spread out, or for someone who appreciates the narrative of a 104-year-old home in a mature, established neighborhood. It appeals to those who see the vintage as an asset and are prepared for the stewardship that comes with an older property, in exchange for unique architectural details and a sense of permanence.
Frequently Asked Questions
Q: How does the age of the home impact its value and appeal?
A: The 1922 build date is a double-edged sword. It places the home in the oldest tier on its street, which typically suggests potential for higher maintenance costs. However, in a sought-after area like North River Heights, age often translates into classic craftsmanship, mature landscaping, and established community character—factors that clearly contribute to its above-average valuation and buyer demand.
Q: The living area is large, but the lot is average. What does this mean?
A: This indicates the home likely has a substantial footprint or multiple stories, making efficient use of its land. For buyers, this means generous indoor living spaces without the extensive yard maintenance of a larger lot. It’s a configuration that prioritizes the home itself over outdoor space.
Q: The assessed value is $640k, but it recently sold for an estimated $650k-$700k. Why the difference?
A: Municipal assessed value for tax purposes often lags behind the current market. The recent sale price, ranking in the top 4% citywide, reflects what buyers are currently willing to pay in a competitive market, which is frequently higher than the assessed value.
Q: What does the recent sale history tell us?
A: The home sold twice in just over a year, with the latest sale price band being significantly higher than the previous one. This rapid resale and price jump suggest the property may have undergone renovations, its unique value was better marketed, or it simply benefited from strong market momentum in the area.
Q: Are the sold prices shown exact figures?
A: No. The prices are shown in $50k ranges based on public data. To obtain the exact, verified sale history, you must request it directly via email from the site, as they do not have access to proprietary MLS sales records.
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