Property score
93.4
Excellent
Overall 93.4 · Larger and newer than most nearby homes
2,423 sqft (top 7%) · Built in 2022 (85 yrs newer than avg)
Located in a high-income area with median household income of ~155k
Transit 70.0 · 7-min walk to transit with 3 nearby routes · Within 500m: 1 school, 1 park, and 1 sports facility nearby
Living Area
Above average
57% larger than neighborhood avg.
Year Built
Above average
85 yrs newer than neighborhood avg.
Mother tongue
English · 90%Chinese · 1%
Past 10 years North River Heights sales snapshot (~80% of all data)
770
480k
$319/sqft
1937
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
93.4 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: #46110383
$155K
Median household income
$196K
Average household income
4%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.6
P90 / P10 ratio
15%
Single-person households
41%
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
405 Waverley Street — 3 amenities found within 500 m, across 3 categories, including 1 education (nearest 418 m), 1 parks (nearest 294 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 | Top 41% | Top 33% | Top 20% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 405 Waverley Street, Winnipeg
Key Characteristics & Appeal
This is a notably modern and spacious home in North River Heights, built in 2022. Its primary appeal lies in its exceptional combination of new construction and generous scale within a well-established neighbourhood. At 2,423 sqft, the living area ranks in the top 7% for the area and top 4% city-wide, offering substantial interior space that far exceeds local averages. The assessed value of $1M reflects its premium positioning, ranking in the top 1-2% across all comparison levels. The lot size of 6,025 sqft is above average for North River Heights, providing good outdoor space while being relatively manageable.
The home suits buyers seeking a move-in-ready, contemporary property without the typical compromises of an older character home. It’s ideal for those who value modern building standards, energy efficiency, and low-maintenance living, but still want the mature streetscape and convenience of the River Heights area. A less obvious perspective is that, while the home is new, its value is significantly anchored in its location—it inherits the prestige and stability of an older, sought-after neighbourhood. Buyers should note that, while the lot is sizeable for the area, it is slightly smaller than the average lot on Waverley Street itself, suggesting a more modern, efficient use of land.
Frequently Asked Questions
1. How does this home’s value compare to others on the street?
With an assessed value of $1M, this property ranks in the top 2% on Waverley Street, where the average comparable home is assessed at about $518,000. It is among the most valuable properties on the block.
2. What are the implications of the home being built in 2022?
As a near-new build, it likely features contemporary layouts, materials, and building codes. This typically translates to lower immediate maintenance costs and modern energy efficiency. The data shows it is one of the newest homes in the entire city, ranking in the top 1%.
3. Is the lot size typical for the neighbourhood?
Yes, and it’s actually above average. The 6,025 sqft lot ranks in the top 10% for North River Heights, where the average comparable lot is about 5,054 sqft. It offers more outdoor space than most area homes.
4. What does the sold price history from 2019 indicate?
The property sold for between $450,000 and $500,000 in September 2019. This was likely prior to the construction of the current home, representing the value of the previous property or the land. The significant increase to the current $1M assessment reflects the value added by the new construction.
5. How can I verify the exact historical sold prices?
The site provides sold price ranges based on public data. To obtain fully verified and exact figures, you must request a manual lookup via email, as this information is not sourced from the MLS system.
