432 Waverley Street

North River Heights, Winnipeg

Property score

71.3

Good

Overall 71.3 · Compared with neighbourhood average

1,292 sqft (bottom 36%) · Built in 1942 (5 yrs newer than avg)

Located in a high-income area with median household income of ~123k

Transit 64.0 · 5-min walk to transit with 2 nearby routes · Within 500m: 2 parks, 1 sports facility, and 1 place of worship nearby

Living Area

Below average

16% smaller than neighborhood avg.

Year Built

Near average

5 yrs newer than neighborhood avg.

Mother tongue

English · 90%French · 2%

Past 10 years North River Heights sales snapshot (~80% of all data)

Sold Count

770

Median price

480k

$/sqft

$319/sqft

Avg build year

1937

Need help understanding this property?

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

Property score

71.3 is composed by the two sections below.

Property Score

56.3Fair
Living Area66
1,292 sqftGood
Year Built24
1942Low
Lot Size67
5,204 sqftGood
Neighbourhood Sales Activity37
Low

Community Score

93.8Excellent
Household Income91
Excellent
Education Level100
Excellent
Housing Stress100
Excellent
Core Housing Need100
Excellent
Employment Health83
Excellent

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110385

Community deep dive

$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

Population, labour & age

Population (2021)509
Labour force participation rate70%
Median age41.2
Avg household size2.5
Unemployment rate3%
Population density3635 / km²

Households & income

Low income (LIM-AT, % pop.)9%
Single-person households19%
Couple families with children36%
Median household income (2020)$123K

Housing

Renter households16%
Condominium dwellings0%
Median dwelling value (owners)$380K

Diversity, education & language

Immigrants (share of pop.)14%
Visible minority6%
Bachelor's or higher (25–64)72%
Mother tongue (1st)English · 90%
Mother tongue (2nd)French · 1%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

around average
1,292 sqft
0255075100
Same streetBottom 29%Same areaBottom 36%CitywideTop 42%
Same street · Waverley Street
#207 / 293
Bottom 29% · Avg 1,692 sqft
Same area · North River Heights
#1,397 / 2,168
Bottom 36% · Avg 1,540 sqft
Citywide · Winnipeg
#81,956 / 194,458
Top 42% · Avg 1,342 sqft

Tax-Assessed Value

around average
402k
0255075100
Same streetBottom 28%Same areaBottom 28%CitywideTop 38%
Same street · Waverley Street
#210 / 293
Bottom 28% · Avg 518.4k
Same area · North River Heights
#1,557 / 2,168
Bottom 28% · Avg 479.3k
Citywide · Winnipeg
#73,515 / 194,458
Top 38% · Avg 390.1k

Year Built

around average
1942
0255075100
Same streetBottom 40%Same areaTop 32%CitywideBottom 20%

Lot Size

around average
5,204 sqft
0255075100
Same streetBottom 22%Same areaTop 32%CitywideTop 50%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

432 Waverley Street — 4 amenities found within 500 m, across 3 categories, including 2 parks (nearest 301 m).

Search radius
🌳Parks2
💪Sports1
Worship1

Crime & Safety

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%

Sales History

Sold 10/2022CA$350k–400k
Sold price

Same street

Bottom 23%

Same area

Bottom 29%

City-wide

Top 44%
Sold 12/2017CA$300k–350k
Sold price

Same street

Bottom 11%

Same area

Bottom 14%

City-wide

Bottom 43%

Related homes

Highlights & common questions: 432 Waverley Street, Winnipeg

Property Overview

432 Waverley Street is a 1,292 sqft home built in 1942 on a 5,204 sqft lot in Winnipeg’s North River Heights neighbourhood. With an assessed value of $402,000, it presents a specific value proposition within its context.

Key Characteristics, Appeal & Ideal Buyer

This home’s primary appeal lies in its position as a more accessible entry point into a well-established neighbourhood. While its living space and lot size are below the averages for Waverley Street itself, they are much more aligned with—or even slightly above—the broader city averages. This creates an interesting dynamic: you’re acquiring a character home in a mature area without paying the typical premium for above-average lot or home size on that specific street.

The data suggests a property that has been maintained and updated over its 84-year history, as its assessed value holds up well citywide. It would suit a first-time buyer or a downsizer seeking the stability and charm of North River Heights without the footprint or price tag of a larger estate home. It’s for someone who values location and community over sheer square footage, and who may see potential in a home that is modest for its immediate street but solid within the wider market.


Frequently Asked Questions

1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $402,000 is close to the city-wide average for comparable homes. Recent sold data from 2022 and 2017 shows the property has transacted within the $300k-$400k range, suggesting the assessment is a reasonable benchmark, though market conditions will ultimately determine the price.

2. How does the lot size impact future potential?
At 5,204 sqft, the lot is smaller than most on Waverley Street but is near the average for North River Heights. This may limit extensive expansions or additions compared to neighbours, but it still allows for garden space and is manageable for maintenance.

3. What should I consider about the home’s age (built in 1942)?
The home is older than the city-wide average. This typically means character and established landscaping, but a thorough inspection is crucial to understand the condition of major systems like wiring, plumbing, and the foundation, which may need updating or have ongoing maintenance needs.

4. The home seems smaller than others on the street. Is that a concern?
Yes, the living area is below the street average. This translates to a more efficient, potentially cozier layout and likely a lower purchase price relative to the street. It’s a trade-off: you gain the location but with less interior space than some neighbours.

5. How can I verify the exact past sale prices?
The site provides sold price ranges for transparency. To obtain the exact historical sale figures, you must request them directly via email, as this data is manually verified and not displayed publicly due to industry regulations.