Property score
61.4
Fair
Overall 61.4 · Smaller than most nearby homes
964 sqft (bottom 15%) · Built in 1927 (10 yrs older than avg)
Located in a high-income area with median household income of ~131k
Transit 70.0 · 7-min walk to transit with 3 nearby routes · Within 500m: 1 dining spot, 2 schools, 1 park, and 1 sports facility nearby
Living Area
Below average
37% smaller than neighborhood avg.
Year Built
Below average
10 yrs older than neighborhood avg.
Mother tongue
English · 90%French · 3%
Past 10 years North River Heights sales snapshot (~80% of all data)
770
480k
$319/sqft
1937
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61.4 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: #46110382
$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
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
311 Waterloo Street — 6 amenities found within 500 m, across 5 categories, including 1 dining (nearest 468 m), 2 education (nearest 169 m), 1 parks (nearest 477 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 28% | Bottom 40% | Top 36% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 311 Waterloo Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This is a compact, character home built in 1927, situated on a standard-sized lot in the established North River Heights neighborhood. Its key appeal lies in offering a more accessible entry point into a desirable area. At 964 sqft, the living space is notably smaller than most homes on its street and in the neighborhood, positioning it as a manageable property rather than a sprawling one. The assessed value of $403k is below the local averages for Waterloo Street and North River Heights, but aligns closely with the wider Winnipeg average, suggesting you are paying primarily for the location.
The property would suit first-time buyers or downsizers seeking the mature trees, quiet streets, and community feel of North River Heights without the premium for a larger, modernized home. It’s a practical choice for those comfortable with a home of vintage character that may require updates, and who value land and location over square footage. A thoughtful perspective is that its smaller size and lot—while below street averages—could mean lower maintenance costs and less upkeep, a hidden benefit for the right buyer.
Frequently Asked Questions
1. Is this a good value for the neighborhood?
Based on assessed value, this home is priced below the averages for both Waterloo Street and North River Heights, but is typical for the city overall. You are acquiring a location in a sought-after area, with the trade-off being a home with less living space than many of its neighbors.
2. How does the home's size compare to others nearby?
At 964 sqft, the living area is significantly smaller than the average home on Waterloo Street (~1,633 sqft) and in North River Heights (~1,540 sqft). This indicates it is one of the more compact properties in the area.
3. What is the history of sold prices for this home?
Public records indicate it last sold between $350,000 and $400,000 in November 2021. For fully verified and exact historical transaction figures, a manual records lookup is available upon request.
4. How does the lot size compare?
The lot is 4,821 sqft. This is below the average for Waterloo Street but is very close to the typical lot size for the broader North River Heights area.
5. The home was built in 1927. What should I consider?
A home of this age offers classic character but warrants a thorough inspection. Potential buyers should budget for possible updates to major systems like plumbing, electrical, or heating, which may be original or nearing the end of their service life.
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