Property score
74.9
Good
Overall 74.9 · Larger than most nearby homes
1,797 sqft (top 26%) · Built in 1931 (6 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
17% larger than neighborhood avg.
Year Built
Near average
6 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
74.9 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
243 Waterloo Street — 7 amenities found within 500 m, across 4 categories, including 3 dining (nearest 252 m), 2 education (nearest 220 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 19% | Top 10% | Top 4% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 243 Waterloo Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home at 243 Waterloo Street presents a compelling blend of established character and above-average investment metrics. Built in 1931, it is a classic North River Heights property that sits on a 4,821 sqft lot. Its primary appeal lies in its generous 1,797 sqft of living space, which ranks consistently above average for its street, neighborhood, and the entire city. This suggests a home that offers more interior room than many of its peers.
The standout feature is its assessed value of $659,000, which places it in the top tier of homes citywide (top 5%) and well above average for the immediate area. This indicates a property perceived to have high value, likely due to its size, condition, location, or a combination of these factors. Interestingly, while the lot size is slightly below average for Waterloo Street itself, it is typical for the wider North River Heights area. This points to a property where the value is driven more by the home's structure and less by an expansive yard.
This home would suit buyers looking for a established, spacious character home in a desirable neighborhood, who prioritize interior space over a vast lot. It’s also a strong fit for those attuned to property valuation metrics, as its "elite" city-wide assessment ranking suggests a solid underlying asset value. The recent sale in mid-2024 (for an estimated $650k-$700k) confirms strong market activity at this level.
Frequently Asked Questions
1. What does the "Elite" assessed value ranking actually mean?
It means this home's municipal assessed value is higher than approximately 95% of all residential properties in Winnipeg. This is a strong indicator of its perceived market value relative to the broader city, often reflecting factors like location, size, and property condition.
2. The lot size is noted as "below average" for the street. Is this a concern?
While the lot is smaller than the average on Waterloo Street, it is very typical for the North River Heights neighborhood overall. This is common in established areas where lot sizes can vary. The data suggests the property's value is weighted more toward the living space and structure.
3. How does a 1931-built home compare in terms of maintenance?
Being 95 years old, this home is older than the average Winnipeg house. Prospective buyers should budget for and prioritize a thorough inspection to understand the condition of major aging components like the roof, foundation, plumbing, and electrical systems, which may require updates.
4. The home recently sold. Why is that price information limited?
Due to industry regulations, precise MLS sale data is not publicly displayed. The provided price range is based on publicly available data. For the exact sale price and a verified transaction history, you must request a manual lookup from the site, which they provide via email.
5. The living area is above average, but how might the layout function for modern living?
While spacious, a home from this era may have a more compartmentalized floor plan compared to modern open-concept designs. Consider how the room flow and layout align with your lifestyle, and factor in the potential value of original character features versus the cost of any desired reconfiguration.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
