Property score
74.5
Good
Overall 74.5 · Compared with neighbourhood average
1,419 sqft (bottom 47%) · Built in 1941 (4 yrs newer than avg)
Located in a high-income area with median household income of ~123k
Transit 70.0 · 6-min walk to transit with 3 nearby routes · Within 500m: 1 school, 1 park, 1 sports facility, and 1 place of worship nearby
Living Area
Near average
8% smaller than neighborhood avg.
Year Built
Near average
4 yrs newer than neighborhood avg.
Mother tongue
English · 90%French · 2%
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
74.5 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: #46110385
$123K
Median household income
$132K
Average household income
9%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.7
P90 / P10 ratio
19%
Single-person households
36%
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
416 Waverley Street — 4 amenities found within 500 m, across 4 categories, including 1 education (nearest 496 m), 1 parks (nearest 322 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 30% | Bottom 36% | Top 38% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
This home at 416 Waverley Street in North River Heights presents a compelling mix of established character and above-average valuation. Built in 1941, it’s a classic Winnipeg property that sits on a 5,198 sqft lot with 1,419 sqft of living space. The data reveals a clear narrative: while the house itself is modest in size compared to some on its street, its assessed value of $637k is notably high for the area, ranking within the top 16% of Waverley Street and the top 10% of North River Heights. This suggests the value is driven by more than just square footage—likely factors like location, lot potential, updates, or the inherent desirability of the street. The home last sold in May 2022 for an estimated $350k–$400k, indicating significant appreciation in assessed value since that transaction.
Key Characteristics & Appeal
The primary appeal of this property lies in its position within a sought-after neighbourhood, coupled with an assessment that implies it is a premium offering on its block. It suits a buyer who values location over sheer size, possibly someone looking for a character home in North River Heights with the potential to renovate or expand. The lot, while smaller than the street average, is still a good size city-wide and could be a canvas for landscaping or an addition. The high assessed value relative to its physical dimensions might appeal to a value-conscious buyer who sees it as a solid investment in a stable area, but it also sets a higher tax and expectation benchmark. It’s less suited for buyers seeking a large, modern footprint or the largest yard on the street.
1. Why is the assessed value so much higher than the 2022 sale price?
Municipal assessments consider many factors and are not a direct market appraisal. The significant increase likely reflects city-wide property value increases, possible improvements made to the home, or a reassessment of its market position. It's essential to get a current market evaluation.
2. Is the lot size a disadvantage?
At 5,198 sqft, the lot is below average for Waverley Street but is very close to the average for North River Heights and is actually above the city-wide average for lot size. It provides ample outdoor space for a city garden, patio, or play area, but may not accommodate a very large addition or pool as easily as some neighbouring properties.
3. What does the "around average" living area mean for daily life?
With 1,419 sqft, the home is comparable in size to many typical Winnipeg houses. It likely offers five or six rooms, suitable for a small family, a couple, or empty-nesters. The ranking suggests it’s not a sprawling layout, but a functional, classic floor plan common to the era and area.
4. As a home from 1941, what should I be prepared for?
Homes of this age often have solid construction but require diligent maintenance. Prospective buyers should budget for and investigate the condition of major systems (roof, plumbing, electrical, foundation) and consider the potential need for updates to improve energy efficiency or modernize layouts.
5. How does the sold price range from 2022 affect today’s value?
That sale price is a historical data point and reflects the market conditions over two years ago. It is not a direct indicator of current value. The substantial rise in assessed value since then highlights the importance of obtaining a professional appraisal or comparative market analysis to understand its present market worth.
