284 Waterloo Street

North River Heights, Winnipeg

Property score

90.1

Excellent

Overall 90.1 · Larger and newer than most nearby homes

2,423 sqft (top 7%) · Built in 2019 (82 yrs newer than avg)

Located in a high-income area with median household income of ~131k

Transit 70.0 · 6-min walk to transit with 3 nearby routes · Within 500m: 3 dining spots, 2 schools, 1 sports facility, and 1 fuel station nearby

Living Area

Above average

57% larger than neighborhood avg.

Year Built

Above average

82 yrs newer than neighborhood avg.

Mother tongue

English · 90%French · 3%

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

90.1 is composed by the two sections below.

Property Score

87.8Excellent
Living Area2,423 sqft96Excellent
Year Built201997Excellent
Lot Size4,822 sqft60Fair
Neighbourhood Sales Activity37Low

Community Score

93.6Excellent
Household Income92Excellent
Education Level100Excellent
Housing Stress93Excellent
Core Housing Need100Excellent
Employment Health83Excellent

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: #46110382

Community deep dive

$131K

Median household income

$145K

Average household income

4%

Low income (LIM-AT)

0.3

Income inequality (Gini)

3.0

P90 / P10 ratio

27%

Single-person households

33%

Families with children

Population, labour & age

Population (2021)560
Labour force participation rate73%
Median age46.0
Avg household size2.3
Unemployment rate5%
Population density3733 / km²

Households & income

Low income (LIM-AT, % pop.)4%
Single-person households27%
Couple families with children33%
Median household income (2020)$131K

Housing

Renter households4%
Condominium dwellings0%
Median dwelling value (owners)$400K

Diversity, education & language

Immigrants (share of pop.)7%
Visible minority0%
Bachelor's or higher (25–64)62%
Mother tongue (1st)English · 90%
Mother tongue (2nd)French · 2%

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

Rankings

Living Area

Elite
2,423 sqft
0255075100
Same streetTop 10%Same areaTop 7%CitywideTop 4%
Same street · Waterloo Street
#33 / 322
Top 10% · Avg 1,633 sqft
Same area · North River Heights
#149 / 2,168
Top 7% · Avg 1,540 sqft
Citywide · Winnipeg
#6,882 / 194,458
Top 4% · Avg 1,342 sqft

Tax-Assessed Value

Elite
1.25M
0255075100
Same streetTop 5%Same areaTop 1%CitywideTop 1%
Same street · Waterloo Street
#17 / 322
Top 5% · Avg 552.1k
Same area · North River Heights
#11 / 2,168
Top 1% · Avg 479.3k
Citywide · Winnipeg
#929 / 194,458
Top 1% · Avg 390.1k

Year Built

Elite
2019
0255075100
Same streetTop 3%Same areaTop 2%CitywideTop 4%

Lot Size

around average
4,822 sqft
0255075100
Same streetBottom 48%Same areaTop 42%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

284 Waterloo Street — 8 amenities found within 500 m, across 5 categories, including 3 dining (nearest 389 m), 2 education (nearest 144 m).

Search radius
🍽️Dining3
🏫Education2
💪Sports1
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 11/2017CA$200k–250k
Sold price

Same street

Bottom 1%

Same area

Bottom 1%

City-wide

Bottom 21%

Related homes

Highlights & common questions: 284 Waterloo Street, Winnipeg

Property Overview: 284 Waterloo Street, North River Heights, Winnipeg

Key Characteristics & Appeal

This is a substantial, modern home in a well-established Winnipeg neighbourhood. Built in 2019, it offers over 2,400 square feet of living space, placing it in the top 10% of homes on its street and the top 4% city-wide for size. The home’s assessed value of $1.25M significantly outpaces area averages, ranking in the top 1% of North River Heights, indicating it is a premium property in both finish and scale.

Its primary appeal lies in the combination of new construction benefits—like modern building standards, energy efficiency, and minimal immediate maintenance—within a mature, sought-after neighbourhood. The lot size is typical for the area, meaning the value is driven by the home itself rather than an oversized parcel. This property suits buyers looking for a move-in-ready, spacious family home who want the character of an older neighbourhood without the renovation projects often associated with it. It would also appeal to value-conscious purchasers who understand that its elite assessment ranking, while leading to higher property taxes, strongly signals its premium construction and finishes relative to the surrounding market.

Frequently Asked Questions

1. Why is the assessed value so much higher than neighbouring properties?
The assessment reflects the home's recent construction (2019), its significantly above-average living area, and presumed high-quality materials and finishes. It is valued as a new, large home within an older neighbourhood, hence its standing in the top 1% for the area.

2. What are the property taxes likely to be?
Taxes are calculated based on the $1.25M assessed value and the City of Winnipeg's annual mill rate. Given the elite assessment, prospective buyers should budget for taxes commensurate with a premium property, which will be substantially higher than the neighbourhood average.

3. How does the lot size compare?
At just under 5,000 square feet, the lot is average for North River Heights. This highlights that the property's premium is in the building, not the land. Outdoor space will be consistent with typical area lots but not expansive.

4. The home sold in 2017 for between $200k-$250k, but was built in 2019. What does this mean?
This sale likely reflects the transaction for the previous older home on the lot or the vacant land itself, prior to the construction of the current new build in 2019. It is not the sale history of the present house.

5. How can I verify the exact historical sale prices?
The displayed sold price is an estimated range from public data. For fully verified figures and a complete transaction history, you must request a manual lookup from the site via email, as this information is not sourced from the MLS system.

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