60.8
Fair
Property score
60.8
Fair
Overall 60.8
Smaller than most nearby homes
912 sqft (bottom 10%)
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
41% 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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60.8 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
387 Niagara Street — 6 amenities found within 500 m, across 4 categories, including 2 education (nearest 340 m), 2 parks (nearest 253 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 12% | Bottom 16% | Bottom 45% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Key Characteristics
This home at 387 Niagara Street in North River Heights presents a specific and practical value proposition. Built in 1929, it is a compact, 912 sqft residence on a 4,308 sqft lot. Its key appeal lies in its position as an accessible entry point into a well-established neighbourhood. The assessed value of $390k is notably below the local area averages, suggesting a potentially lower property tax burden and an opportunity for buyers priced out of larger homes in the same streets.
The property would suit first-time buyers, downsizers, or practical investors seeking a lower-maintenance footprint in a central location. Its smaller size and lot offer manageable upkeep, while its age implies classic character but also the potential for older-home maintenance considerations. A thoughtful perspective is that while the home ranks below average in size and value for its immediate area, it aligns closely with the city-wide average for assessed value. This indicates you are paying primarily for the neighbourhood location rather than for a large structure, which could be appealing for those who prioritize community over square footage.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $390k is for municipal tax purposes and often differs from market value. Notably, it sits significantly below the local area averages, which may influence buyer expectations, but the final sale price will be determined by current market conditions.
2. How does the smaller living area compare to nearby homes?
At 912 sqft, the living area is substantially smaller than most comparable homes on Niagara Street and in North River Heights, which average around 1,500 sqft. This confirms the home as one of the more compact options in the area.
3. What does the sold price history from 2020 indicate?
The home sold for an estimated $300k–$350k in August 2020. This historical data provides context, but market conditions have likely shifted since then. Exact sold prices can be requested via email from the site.
4. Are there any concerns with a home built in 1929?
A home of this age will have character but may require updates to major systems like wiring, plumbing, or insulation. A thorough inspection is essential to understand the condition and any potential upcoming investments needed.
5. How does the lot size impact potential for expansion or outdoor space?
The 4,308 sqft lot is below average for the street and area. This suggests limited potential for major additions like a large rear extension or a separate garage, but it still provides reasonable outdoor space for a garden or patio, especially given the home's smaller footprint.
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