348 Niagara Street

North River Heights, Winnipeg

Property score

74.4

Good

Overall 74.4 · Compared with neighbourhood average

1,513 sqft (top 45%) · Built in 1930 (7 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: 2 schools, 2 parks, 1 sports facility, and 1 place of worship nearby

Living Area

Near average

2% smaller than neighborhood avg.

Taon ng Paggawa

Near average

7 yrs older 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

74.4 is composed by the two sections below.

Property Score

61.6Fair
Living Area1,513 sqft79Good
Taon ng Paggawa193022Low
Lupa4,452 sqft53Fair
Neighbourhood Sales Activity37Low

Community Score

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

Istatistika ng benta ng komunidad

North River Heights

How to read: Share of sales in each ~$50k price band for “north river heights” (Detached na bahay (hindi 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.

Mga ranggo

Living Area

lampas sa average
1,513 sqft
0255075100
Same streetTop 42%Same areaTop 45%CitywideTop 30%
Same street · Niagara Street
#143 / 343
Top 42% · Avg 1,491 sqft
Same area · North River Heights
#986 / 2,168
Top 45% · Avg 1,540 sqft
Citywide · Winnipeg
#57,663 / 194,458
Top 30% · Avg 1,342 sqft

Assessed Value

lampas sa average
472k
0255075100
Same streetTop 39%Same areaTop 39%CitywideTop 25%
Same street · Niagara Street
#134 / 343
Top 39% · Avg 476.8k
Same area · North River Heights
#841 / 2,168
Top 39% · Avg 479.3k
Citywide · Winnipeg
#47,683 / 194,458
Top 25% · Avg 390.1k

Taon ng Paggawa

karaniwan
1930
0255075100
Same streetBottom 38%Same areaBottom 48%CitywideBottom 18%

Lupa

karaniwan
4,452 sqft
0255075100
Same streetTop 50%Same areaBottom 28%CitywideBottom 33%

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

Mga malapit na hinto, ruta at transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

348 Niagara Street — 6 amenities found within 500 m, across 4 categories, including 2 education (nearest 230 m), 2 parks (nearest 375 m).

Search radius
🏫Education2
🌳Parks2
💪Sports1
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%

Kasaysayan ng Benta

Naibenta 2/2021CA$400k–450k
Presyo ng benta

Parehong kalye

Top 50%

Parehong lugar

Top 46%

Buong lungsod

Top 27%

Related homes

Mga tampok at karaniwang tanong: 348 Niagara Street, Winnipeg

Property Overview: 348 Niagara Street, North River Heights, Winnipeg

Key Characteristics, Appeal & Ideal Buyer

This home is a well-established property in the desirable North River Heights neighborhood, built in 1930. With 1,513 square feet of living space on a 4,452 sqft lot, it offers a comfortable footprint that is notably above the city-wide average for interior space. Its assessed value of $472,000 positions it as a solid, mid-range property within its immediate area but stands above average compared to the wider Winnipeg market, suggesting good value retention in a prime location.

The appeal lies in its balance and established context. It’s not the largest or newest on its street, but it holds its own with metrics that are consistently around or above average for the area—a sign of a stable, mature neighborhood. A thoughtful perspective is that its older vintage (1930) may appeal to those who appreciate character homes and established streetscapes, though it implies a need for diligence regarding updates and maintenance. The lot size is slightly more compact than some neighbors, which could mean less yard upkeep—a potential plus for some.

This property would suit a buyer looking for a move-in-ready home in a respected, central neighborhood without the premium of a brand-new build. It’s ideal for professionals, small families, or downsizers seeking space and stability over flashy modernity. Its city-wide value ranking indicates it represents a stronger-than-average investment for Winnipeg, making it a prudent choice for a long-term holder.

Frequently Asked Questions

1. How does this home’s value compare to recent sales on the street?
It last sold between $400,000-$450,000 in early 2021. With a current assessed value of $472,000, it appears to be in line with or slightly above that prior sale range, reflecting general market trends.

2. Is the lot size a disadvantage?
At 4,452 sqft, the lot is slightly below the average for North River Heights but is near the median for Niagara Street itself. It provides a manageable outdoor space, which can be preferable for those seeking less maintenance.

3. What should I consider with a home built in 1930?
While offering classic charm, a home of this age will likely have undergone various updates. A thorough inspection is essential to understand the condition of major systems like wiring, plumbing, and the foundation, and to identify any needed renovations.

4. The assessed value seems high compared to the city-wide average. Why?
The assessed value is above the Winnipeg average because North River Heights is a established, sought-after neighborhood. Value is driven by location, lot desirability, and the quality of homes in the area, not just square footage.

5. How can I get the exact historical sale price?
The exact sold price is not publicly displayed due to industry regulations. You can request the full transaction history and exact figures by emailing the site directly for a manual lookup.

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