266 Waterloo Street

North River Heights, Winnipeg

Property score

75.8

Good

Overall 75.8 · Larger but older than most nearby homes

1,811 sqft (top 26%) · Built in 1925 (12 yrs older than avg)

Located in a high-income area with median household income of ~121k

Transit 70.0 · 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

Living Area

Above average

18% larger than neighborhood avg.

Year Built

Below average

12 yrs older than neighborhood avg.

Mother tongue

English · 88%French · 1%

Past 10 years North River Heights sales snapshot (~80% of all data)

Sold Count

770

Median price

480k

$/sqft

$319/sqft

Avg build year

1937

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Property score

75.8 is composed by the two sections below.

Property Score

68.2Good
Living Area1,811 sqft89Excellent
Year Built192520Low
Lot Size4,821 sqft60Fair
Neighbourhood Sales Activity37Low

Community Score

87.1Excellent
Household Income91Excellent
Education Level100Excellent
Housing Stress63Fair
Core Housing Need63Fair
Employment Health90Excellent

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110381

Community deep dive

$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

Population, labour & age

Population (2021)400
Labour force participation rate79%
Median age46.0
Avg household size2.2
Unemployment rate7%
Population density3333 / km²

Households & income

Low income (LIM-AT, % pop.)9%
Single-person households30%
Couple families with children30%
Median household income (2020)$121K

Housing

Renter households28%
Condominium dwellings0%
Median dwelling value (owners)$452K

Diversity, education & language

Immigrants (share of pop.)10%
Visible minority3%
Bachelor's or higher (25–64)60%
Mother tongue (1st)English · 87%
Mother tongue (2nd)French · 1%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

above average
1,811 sqft
0255075100
Same streetTop 26%Same areaTop 26%CitywideTop 17%
Same street · Waterloo Street
#84 / 322
Top 26% · Avg 1,633 sqft
Same area · North River Heights
#554 / 2,168
Top 26% · Avg 1,540 sqft
Citywide · Winnipeg
#32,693 / 194,458
Top 17% · Avg 1,342 sqft

Tax-Assessed Value

above average
459k
0255075100
Same streetBottom 48%Same areaTop 44%CitywideTop 27%
Same street · Waterloo Street
#166 / 322
Bottom 48% · Avg 552.1k
Same area · North River Heights
#959 / 2,168
Top 44% · Avg 479.3k
Citywide · Winnipeg
#52,140 / 194,458
Top 27% · Avg 390.1k

Year Built

below average
1925
0255075100
Same streetBottom 15%Same areaBottom 23%CitywideBottom 15%

Lot Size

around average
4,821 sqft
0255075100
Same streetBottom 23%Same areaTop 48%CitywideBottom 40%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

266 Waterloo Street — 7 amenities found within 500 m, across 4 categories, including 3 dining (nearest 309 m), 2 education (nearest 205 m).

Search radius
🍽️Dining3
🏫Education2
Fuel Stations1
Worship1

Crime & Safety

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%

Sales History

Sold 6/2024CA$550k–600k
Sold price

Same street

Top 26%

Same area

Top 15%

City-wide

Top 8%

Related homes

Highlights & common questions: 266 Waterloo Street, Winnipeg

Property Overview: 266 Waterloo Street, North River Heights, Winnipeg

Key Characteristics & Appeal

This home at 266 Waterloo Street is a well-proportioned character property built in 1925, situated in the established North River Heights neighbourhood. Its primary appeal lies in its generous and above-average living space of 1,811 sq ft, which ranks within the top quarter of homes locally and city-wide. This suggests a comfortable interior size that exceeds the norm for many Winnipeg properties. The assessed value of $459k positions it as an average offering for its immediate street and area, but as an above-average value when compared to the wider city, potentially offering more house for the dollar within a desirable neighbourhood.

The lot size of 4,821 sq ft is typical for the area, providing adequate outdoor space without the extensive maintenance of a larger yard. A thoughtful perspective for buyers is that this property represents a balance: it offers the charm and space of an older home while carrying an assessment that is not disproportionately high for its locale. It would particularly suit buyers who prioritize interior square footage and neighbourhood character over a brand-new build or an exceptionally large lot. The recent sale in mid-2024 within the $550k-$600k range indicates strong market interest.

Frequently Asked Questions

1. How does the home’s age affect its value and potential?
Built in 1925, the home is older than most in its immediate area and the city. This typically means potential for classic architectural charm but also suggests that the condition of major systems (roof, plumbing, wiring) and the scope of any updates should be key inspection points, as they significantly influence value and future investment.

2. Is the assessed value a reliable indicator of the market price?
The $459k assessment is an administrative value for tax purposes. The home sold for between $550k and $600k in June 2024, which is the true market indicator. Assessments often lag behind rapid market changes, so recent sale prices are a more accurate gauge.

3. What does the living area ranking actually tell me?
Ranking in the top 26% locally and top 17% city-wide for living area confirms that this home offers more interior space than a majority of comparable properties. This is a standout feature for the price point, making it appealing for families or those who desire spacious rooms.

4. How does the lot size compare, and what does it mean for me?
At 4,821 sq ft, the lot is slightly below average for Waterloo Street but typical for North River Heights overall. This translates to a manageable yard for gardening and recreation, but not an expansive private space. It aligns with the neighbourhood’s established, leafy character.

5. Where can I get verified sale price history for this property?
The site notes that exact sold prices are not displayed publicly due to industry rules. You can request the exact sale history and verified figures directly via email from the provider, who will manually look up the information and send it to you.

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