Property score
66.3
Good
Overall 66.3 · Smaller but newer than most nearby homes
1,008 sqft (bottom 18%) · Built in 1944 (7 yrs newer than avg)
Located in a high-income area with median household income of ~126k
Transit 64.0 · 5-min walk to transit with 2 nearby routes · Within 500m: 1 school, 1 park, and 1 sports facility nearby
Living Area
Below average
35% smaller than neighborhood avg.
Year Built
Above average
7 yrs newer than neighborhood avg.
Mother tongue
English · 84%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
66.3 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: #46110384
$126K
Median household income
$128K
Average household income
8%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.4
P90 / P10 ratio
18%
Single-person households
37%
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
423 Montrose Street — 3 amenities found within 500 m, across 3 categories, including 1 education (nearest 411 m), 1 parks (nearest 165 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 16% | Bottom 22% | Top 49% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
423 Montrose Street is a 1,008 sqft bungalow built in 1944, situated on a generous 5,997 sqft lot in Winnipeg's North River Heights neighbourhood. With an assessed value of $447,000, it presents a specific value proposition defined by its context.
Key Characteristics & Appeal
The primary characteristic of this home is its balance of a below-average living area with an above-average lot size for its established neighbourhood. At just over 1,000 sqft, the house is notably smaller than most in North River Heights, suggesting a cozy, efficient layout that may appeal to those seeking minimal upkeep. Its true standout feature is the land: the lot is larger than 82% of those in the local area, offering significant outdoor space rarely found with homes at this price point in the city.
Its appeal lies in this contrast. For the price, you are acquiring a prime piece of land in a desirable, central neighbourhood. The assessed value is above the Winnipeg city-wide average, reflecting the premium for the location and lot, while the home itself represents a renovation or redevelopment opportunity. It suits practical first-time buyers willing to grow into a home over time, downsizers who value location and yard space over square footage, or investors/ builders who see potential in the substantial lot. It’s a property where the land is the strategic asset, and the house offers functional entry into a sought-after community.
1. Why is the assessed value relatively high for a smaller, older home?
The value is driven significantly by its location in North River Heights and the size of the lot. At nearly 6,000 sqft, the land is a substantial asset in a mature neighbourhood, which is reflected in the assessment.
2. How does the living area compare to nearby homes?
At 1,008 sqft, the living space is well below average for Montrose Street and the wider North River Heights area, where comparable homes average between 1,540 and 1,766 sqft. This indicates a more compact living arrangement.
3. What does the sold price history from 2018 indicate?
The home sold between $300,000–$350,000 in early 2018. The increase to the current $447,000 assessment highlights the significant market appreciation over the last several years, particularly for properties with valuable land.
4. Is this a candidate for a major renovation or rebuild?
Given the home's smaller size, older age (1944), and the premium lot, it is a strong candidate. The property data suggests the value is anchored in the land, making it a logical prospect for expansion or redevelopment, subject to local zoning.
5. How does the property rank within the city?
It presents a mixed profile. Its living area ranks in the bottom third city-wide, while its assessed value ranks in the top 29%, and its lot size ranks in the top 32%. This reinforces the narrative of a premium-priced lot with a modest home.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
