Property score
58.8
Fair
Overall 58.8 · Smaller and older than most nearby homes
936 sqft (bottom 12%) · Built in 1923 (14 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
Below average
39% smaller than neighborhood avg.
Year Built
Below average
14 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
275 Waterloo Street — 7 amenities found within 500 m, across 4 categories, including 3 dining (nearest 338 m), 2 education (nearest 216 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 8% | Bottom 21% | Bottom 49% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 275 Waterloo Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home is a classic 1923 bungalow in the established North River Heights neighbourhood. At 936 sqft, its living space is notably compact compared to most homes on its street and in the area, positioning it well for buyers seeking a lower-maintenance footprint without sacrificing location. The lot size of 4,820 sqft is typical for the neighbourhood, offering decent outdoor space.
Its primary appeal lies in its value proposition within a desirable area. The assessed value of $405k is below the street average but aligns closely with the wider city average, suggesting you are paying for the location rather than a large or modernized house. This creates an accessible entry point into North River Heights. The home would suit a first-time buyer, a downsizer, or an investor looking for a character property with renovation potential. Its age (103 years) means charm is likely paired with a need for updates, appealing to those with a vision for gradual improvement rather than a move-in-ready perfectionist.
A less obvious perspective is its potential as a strategic hold. The data shows it last sold between $300k-$350k in late 2020. Its current assessed value, combined with its "below average" size on a street of larger, higher-value homes, could indicate room for value growth through thoughtful updates, making it a candidate for equity building.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($405k) is for municipal tax purposes and is a starting point. Market conditions, the home's interior condition, and recent comparable sales ultimately determine price. Notably, its assessment is average for the city but below average for its immediate street.
2. The living area seems small. How does that impact living here?
At 936 sqft, the home is significantly smaller than the North River Heights average. This means efficient use of space is key. It's best suited for individuals, couples, or small families comfortable with a cozy, traditional layout typical of its era.
3. What does the age of the home (1923) mean for a buyer?
A 103-year-old home offers character and likely solid construction, but it also means critical attention should be paid to the condition of major systems (roof, plumbing, electrical, foundation) and insulation. Budgeting for maintenance and potential updates is essential.
4. How does the lot size compare, and what are the implications?
The 4,820 sqft lot is slightly below average for Waterloo Street but very typical for North River Heights. It provides a good-sized yard for the area without being overly burdensome to maintain, a balanced feature for the neighbourhood.
5. Can I find out the exact price it last sold for in 2020?
The site shows a sold price range of CA$300k–350k. To obtain the exact figure, you must request a manual lookup via email from the service, as they do not display MLS sold records directly on the site.
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