450 Waterloo Street

North River Heights, Winnipeg

Property score

73.3

Good

Overall 73.3 · Newer than most nearby homes

1,443 sqft (top 50%) · Built in 1944 (7 yrs newer than avg)

Located in a high-income area with median household income of ~126k

Transit 74.0 · 4-min walk to transit with 2 nearby routes · Within 500m: 2 schools, 2 parks, and 1 sports facility nearby

Living Area

Near average

6% 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)

Sold Count

770

Median price

480k

$/sqft

$319/sqft

Avg build year

1937

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Property score

73.3 is composed by the two sections below.

Property Score

60.6Fair
Living Area1,443 sqft75Good
Year Built194424Low
Lot Size4,821 sqft60Fair
Neighbourhood Sales Activity37Low

Community Score

92.4Excellent
Household Income91Excellent
Education Level100Excellent
Housing Stress93Excellent
Core Housing Need100Excellent
Employment Health76Good

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: #46110384

Community deep dive

$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

Population, labour & age

Population (2021)410
Labour force participation rate68%
Median age44.0
Avg household size2.6
Unemployment rate6%
Population density2157 / km²

Households & income

Low income (LIM-AT, % pop.)8%
Single-person households18%
Couple families with children37%
Median household income (2020)$126K

Housing

Renter households0%
Condominium dwellings0%
Median dwelling value (owners)$404K

Diversity, education & language

Immigrants (share of pop.)12%
Visible minority12%
Bachelor's or higher (25–64)70%
Mother tongue (1st)English · 84%
Mother tongue (2nd)Chinese · 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
1,443 sqft
0255075100
Same streetTop 48%Same areaTop 50%CitywideTop 34%
Same street · Waterloo Street
#156 / 322
Top 48% · Avg 1,633 sqft
Same area · North River Heights
#1,094 / 2,168
Top 50% · Avg 1,540 sqft
Citywide · Winnipeg
#65,285 / 194,458
Top 34% · Avg 1,342 sqft

Tax-Assessed Value

above average
468k
0255075100
Same streetTop 48%Same areaTop 40%CitywideTop 25%
Same street · Waterloo Street
#156 / 322
Top 48% · Avg 552.1k
Same area · North River Heights
#877 / 2,168
Top 40% · Avg 479.3k
Citywide · Winnipeg
#49,066 / 194,458
Top 25% · Avg 390.1k

Year Built

above average
1944
0255075100
Same streetBottom 43%Same areaTop 28%CitywideBottom 21%

Lot Size

around average
4,821 sqft
0255075100
Same streetBottom 23%Same areaTop 48%CitywideBottom 40%

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

450 Waterloo Street — 5 amenities found within 500 m, across 3 categories, including 2 education (nearest 433 m), 2 parks (nearest 211 m).

Search radius
🏫Education2
🌳Parks2
💪Sports1

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$450k–500k
Sold price

Same street

Top 48%

Same area

Top 29%

City-wide

Top 18%

Related homes

Highlights & common questions: 450 Waterloo Street, Winnipeg

Property Overview: 450 Waterloo Street, Winnipeg

Key Characteristics & Appeal

This home at 450 Waterloo Street in North River Heights presents a solid, mid-century property built in 1944. With 1,443 square feet of living space, it offers a practical footprint that is very close to the average for both the neighbourhood and the city. Its assessed value of $468,000 sits comfortably within the mid-range for North River Heights, but notably places it above average when compared to the wider Winnipeg market, suggesting good value within a desirable area.

The appeal lies in its established location and its position as a character home with modern relevance. While the lot size is slightly smaller than others on Waterloo Street, it remains consistent with typical area plots. The home last sold in late 2022, indicating a relatively recent market transaction. This property suits buyers looking for a genuine, no-fuss home in a mature neighbourhood—those who appreciate character but prioritize a sound investment in a stable community over a brand-new build or an oversized lot. It’s a practical choice for someone wanting to put down roots without the premium price tag of a top-tier property, yet still secure a home that holds above-average value citywide.

Frequently Asked Questions

1. How does this home’s value compare to its neighbours?
The home’s assessed value is around the average for North River Heights but ranks above average compared to the entire city. On its own street, it sits in the middle of the range, meaning it’s neither the most nor least expensive property.

2. Is the living space smaller than average?
At 1,443 sq ft, it is slightly below the average for Waterloo Street itself but is very close to the average for the broader North River Heights area. City-wide, it actually provides more space than the average comparable home.

3. What should I know about a home built in 1944?
As an 82-year-old character home, it offers charm and established landscaping. Prospective buyers should budget for and prioritize a thorough inspection to understand the condition of major aging components like the roof, plumbing, and electrical systems, which may require updates.

4. How does the lot size impact the property?
The lot is 4,821 sq ft, which is somewhat smaller than others on its specific street. However, it is typical for the North River Heights area overall. This may mean a more manageable yard with less maintenance, but potentially less private outdoor space than some immediate neighbours.

5. Can I get the exact historical sold price?
The sold price from October 2022 is shown as a range. Due to data display rules, exact sold prices are provided manually upon request. You can submit an email request through the property page to receive the verified figures directly.

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