69.5
Good
Property score
69.5
Good
Overall 69.5
Compared with neighbourhood average
1,248 sqft (bottom 32%)
Built in 1929 (8 yrs older 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: 2 schools, 2 parks, 1 sports facility, and 1 place of worship nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
19% smaller than neighborhood avg.
Year Built
Near average
8 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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69.5 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
371 Niagara Street — 6 amenities found within 500 m, across 4 categories, including 2 education (nearest 311 m), 2 parks (nearest 286 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 33% | Bottom 41% | Top 34% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
371 Niagara Street is a well-established home in Winnipeg's North River Heights neighbourhood. Built in 1929, it offers 1,248 sqft of living space on a 4,308 sqft lot, with a current assessed value of $475,000. The home presents a classic, no-surprises profile within its immediate area but stands out for its above-average assessed value when compared to the wider city.
This home’s primary appeal lies in its stability and established neighbourhood context. Its living space, assessed value, and age are all very typical for Niagara Street and North River Heights, meaning it fits seamlessly into the fabric of this mature community. You’re not paying a premium for outlier features, but you’re also not getting a project house relative to its peers.
A more thoughtful perspective reveals its value is stronger city-wide, ranking in the top 24%. This suggests you acquire a property that holds its value well against the broader market, while enjoying the consistent character of River Heights. The lot size is modest for the area, which could mean lower maintenance—an often-overlooked advantage for those seeking a manageable yard without sacrificing neighbourhood prestige.
It would best suit a buyer looking for a straightforward, character-home in a desirable area without extreme highs or lows. It’s ideal for someone who values neighbourhood consistency over a standout lot size or modern build, and who appreciates that the home’s financial assessment is robust on a city-wide scale.
1. How does this home’s value compare to others in Winnipeg?
The home’s $475,000 assessment is above the city-wide average for comparable properties, placing it in the top 24%. This indicates it is a financially solid property in the broader Winnipeg market.
2. Is the lot size a disadvantage?
The lot is below average for North River Heights. However, this translates to less yard maintenance. For many buyers, this is a practical benefit rather than a drawback.
3. What does the 1929 build date mean for a buyer?
Built in 1929, the home is typical for the area. Buyers should expect the character and potential maintenance considerations common to houses of this era, and a proper inspection is always advised.
4. How reliable is the sold price data from 2016?
The provided sold price range ($350k-$400k) is from public records. For fully verified and exact historical transaction figures, you must request a manual lookup via the website’s email service.
5. If it’s so “average” for the street, what’s the main draw?
The draw is stability and location. You are purchasing a home that is financially sound relative to the entire city, within a sought-after neighbourhood where its specifications are the norm, not the exception. It represents a lower-risk entry into a premium area.
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