454 Waterloo Street

North River Heights, Winnipeg

Property score

70.1

Good

Overall 70.1 · Newer than most nearby homes

1,248 sqft (bottom 32%) · 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

Below average

19% 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

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

70.1 is composed by the two sections below.

Property Score

55.2Fair
Living Area1,248 sqft66Good
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
1,248 sqft
0255075100
Same streetBottom 29%Same areaBottom 32%CitywideTop 46%
Same street · Waterloo Street
#228 / 322
Bottom 29% · Avg 1,633 sqft
Same area · North River Heights
#1,484 / 2,168
Bottom 32% · Avg 1,540 sqft
Citywide · Winnipeg
#89,012 / 194,458
Top 46% · Avg 1,342 sqft

Tax-Assessed Value

around average
416k
0255075100
Same streetBottom 27%Same areaBottom 35%CitywideTop 35%
Same street · Waterloo Street
#235 / 322
Bottom 27% · Avg 552.1k
Same area · North River Heights
#1,406 / 2,168
Bottom 35% · Avg 479.3k
Citywide · Winnipeg
#67,384 / 194,458
Top 35% · 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

454 Waterloo Street — 5 amenities found within 500 m, across 3 categories, including 2 education (nearest 445 m), 2 parks (nearest 209 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 7/2016CA$300k–350k
Sold price

Same street

Bottom 3%

Same area

Bottom 16%

City-wide

Bottom 45%

Related homes

Highlights & common questions: 454 Waterloo Street, Winnipeg

Property Overview: 454 Waterloo Street, North River Heights, Winnipeg

Key Characteristics & Appeal

This home, built in 1944, presents a practical opportunity in the established North River Heights neighborhood. With 1,248 sqft of living space and a 4,821 sqft lot, its scale is modest compared to some larger homes on Waterloo Street, but it aligns more closely with the averages for the broader area and city. This creates a specific appeal: it offers the desirable North River Heights location without the premium often associated with the neighborhood's largest properties.

The assessed value of $416k sits below the street average but is above the city-wide average, suggesting you are paying for location within a sought-after community. A thoughtful perspective is that this property could represent a "right-sized" option—manageable for downsizers, first-time buyers, or those seeking lower maintenance without sacrificing area prestige. Its last known sale was between $300k-$350k in mid-2016, indicating significant equity growth over the past eight years. The appeal lies in securing a character home in a prime, central neighborhood, with the understanding that a home of this age may benefit from updates, offering the next owner a chance to add their own value.

Frequently Asked Questions

1. How does this home’s size compare to others nearby?
At 1,248 sqft, the living area is smaller than the average home on Waterloo Street but is quite typical for the wider North River Heights area and is actually above the average for the entire city.

2. Is the assessed value reasonable for the area?
The $416k assessment is below the average for Waterloo Street itself, where many homes are larger, but it is above the Winnipeg city-wide average. This reflects the premium for the North River Heights location.

3. What might the previous sale price indicate?
The home sold for between $300,000 and $350,000 in July 2016. This historical price highlights the substantial market appreciation over the last eight years and provides context for the current assessed value.

4. What is the potential of the lot?
The 4,821 sqft lot is below average for the street but near the average for North River Heights. It offers standard outdoor space for the area, with potential for gardening or landscaping, but is not an unusually large or sub-dividable parcel.

5. How can I get the exact historical sale prices?
The provided sold price is a range from public data. To obtain the exact sale figures and a full transaction history, you must request a manual lookup via email from the site, as they do not display MLS sold records.

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.