58.8
Fair
Property score
58.8
Fair
Overall 58.8
Smaller than most nearby homes
922 sqft (bottom 11%)
Built in 1927 (10 yrs older than avg)
Located in a high-income area
with median household income of ~121k
Transit 80.0
5-min walk to transit with 3 nearby routes
Within 500m: 3 dining spots, 2 schools, 1 fuel station, and 1 place of worship nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
40% smaller than neighborhood avg.
Year Built
Below average
10 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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58.8 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
254 Waterloo Street — 7 amenities found within 500 m, across 4 categories, including 3 dining (nearest 273 m), 2 education (nearest 237 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 40% | Top 49% | Top 28% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 12% | Bottom 25% | Top 47% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 254 Waterloo Street, Winnipeg
Key Characteristics & Appeal
This home is a study in contrasts, offering a unique position within the Winnipeg market. Built in 1927, it is a compact, character home with 922 sqft of living space, which is notably smaller than most homes on its own street and in the established North River Heights neighbourhood. This smaller footprint is a defining characteristic, suggesting a more manageable and efficient layout.
The appeal lies in its value proposition and location. With an assessed value of $444,000, it sits at a premium compared to the Winnipeg city-wide average but is more aligned with—or even slightly below—the averages for its immediate area and street. This indicates you are paying primarily for the desirable North River Heights location. The lot size of 4,821 sqft is fairly standard for the neighbourhood, offering typical outdoor space.
This property would best suit a specific buyer: those seeking entry into a prime neighbourhood without the larger footprint and upkeep of a typical home there. It’s ideal for a first-time buyer, a downsizer, or an investor looking for a character rental in a high-demand area. It represents a chance to secure location over size, with the understanding that the home itself may require updates reflective of its age. A thoughtful perspective is that its smaller size and "below-average" metrics compared to neighbours could be seen as an advantage, potentially resulting in lower utility costs and property taxes relative to the address.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($444k) is for municipal tax purposes. Recent sales data shows it last sold for an estimated $400k-$450k in late 2022, which aligns closely with the current assessment. However, market conditions and property condition will ultimately determine the sale price.
2. How does the smaller living area impact value and livability?
At 922 sqft, the home is significantly cozier than the North River Heights average. This typically makes it more affordable for the area, attracting buyers prioritizing location. Livability depends on the floorplan's efficiency; older homes can sometimes feel more spacious than their square footage suggests due to room proportions.
3. What should I consider about a home built in 1927?
A home of this age possesses character but requires diligent inspection. Key considerations include the condition of the foundation, roof, plumbing, electrical systems, and insulation. While updated, these may not be to modern standards. This is not a drawback for a buyer who appreciates classic homes but is a factor for maintenance planning and renovation potential.
4. The data shows the last sale was in 2022. Why might it be selling again so soon?
Short ownership periods can happen for many neutral reasons, such as a job relocation, change in family circumstances, or an investment property being liquidated. It does not inherently indicate a problem with the property.
5. How can I get the exact historical sold prices for this home?
The provided sold prices are estimates in $50k bands from public records. For fully verified and exact sale figures from the MLS, you must request a manual lookup from the site via email, as industry rules prevent them from being published directly.
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