350 Waterloo Street

North River Heights, Winnipeg

Property score

73.3

Good

Overall 73.3 · Older than most nearby homes

1,472 sqft (top 48%) · Built in 1925 (12 yrs older than avg)

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

Transit 70.0 · 8-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

4% smaller than neighborhood avg.

Year Built

Below average

12 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

73.3 is composed by the two sections below.

Property Score

59.8Fair
Living Area1,472 sqft75Good
Year Built192520Low
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

around average
1,472 sqft
0255075100
Same streetTop 47%Same areaTop 48%CitywideTop 32%
Same street · Waterloo Street
#152 / 322
Top 47% · Avg 1,633 sqft
Same area · North River Heights
#1,036 / 2,168
Top 48% · Avg 1,540 sqft
Citywide · Winnipeg
#62,465 / 194,458
Top 32% · Avg 1,342 sqft

Tax-Assessed Value

around average
380k
0255075100
Same streetBottom 7%Same areaBottom 19%CitywideTop 44%
Same street · Waterloo Street
#298 / 322
Bottom 7% · Avg 552.1k
Same area · North River Heights
#1,751 / 2,168
Bottom 19% · Avg 479.3k
Citywide · Winnipeg
#85,357 / 194,458
Top 44% · Avg 390.1k

Year Built

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

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

350 Waterloo Street — 6 amenities found within 500 m, across 4 categories, including 2 education (nearest 153 m), 2 parks (nearest 400 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%

Sales History

Sold 10/2023CA$350k–400k
Sold price

Same street

Bottom 20%

Same area

Bottom 36%

City-wide

Top 38%

Related homes

Highlights & common questions: 350 Waterloo Street, Winnipeg

Property Overview: 350 Waterloo Street, North River Heights, Winnipeg

Key Characteristics & Appeal

This home is a 1925-built character property in the established North River Heights neighbourhood. With 1,472 sqft of living space on a 4,822 sqft lot, its size is comfortably average for the area and the wider city. The primary appeal lies in its value proposition. Its assessed value of $380k is notably below the average for both its street and neighbourhood, yet aligns closely with the Winnipeg city-wide average. This suggests a potential entry point into a desirable area at a relatively accessible price point, especially for a home with a larger-than-average city lot.

The property would suit a pragmatic buyer who values location and lot size over modern square footage. It’s ideal for someone comfortable with a century-old home’s character and potential maintenance considerations, seeing them as a fair trade-off for a lower price in a prime neighbourhood. A buyer with renovation or expansion plans might also find value in the established lot and the price headroom compared to neighbouring properties.

Frequently Asked Questions

1. Why is the assessed value so much lower than others on the street?
The home’s assessed value is in the bottom tier for Waterloo Street. This is typically due to a combination of its age (older than street average), smaller living area, and likely the home’s current condition or layout compared to updated or expanded neighbours.

2. What does the sold price range (CA$350k–400k) indicate?
The recent sale in late 2023 within this range confirms the property transacts below the neighbourhood average. It suggests the market validated the assessment, highlighting it as a more affordable option in the area.

3. As a century-old home, what should I be mindful of?
Built in 1925, major systems like roofing, plumbing, electrical, and the foundation may require inspection or updating. This is a key consideration for both maintenance budgeting and renovation plans.

4. How does the lot size compare, and what are the possibilities?
At 4,822 sqft, the lot is slightly below the street average but offers ample outdoor space for gardens, play, or entertaining. Its size is a strong asset and provides potential for future additions, like an extension or garage, subject to zoning.

5. Where can I get verified historical data, like exact past sale prices?
The provided sold price is an estimated range from public records. For fully verified transaction history and exact figures, you must request a manual lookup from the site via email, as they do not have access to or display MLS sold data.

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