68.6
Good
Property score
68.6
Good
Overall 68.6
Smaller but newer than most nearby homes
1,152 sqft (bottom 26%)
Built in 1945 (8 yrs newer than avg)
Located in a high-income area
with median household income of ~128k
Transit 74.0
3-min walk to transit with 2 nearby routes
Within 500m: 2 schools, 2 parks, and 1 sports facility nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
25% smaller than neighborhood avg.
Year Built
Above average
8 yrs newer than neighborhood avg.
Mother tongue
English · 87%French · 2%
Past 10 years North River Heights sales snapshot (~80% of all data)
770
480k
$319/sqft
1937
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68.6 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: #46111047
$128K
Median household income
$134K
Average household income
9%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.5
P90 / P10 ratio
21%
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
465 Waterloo Street — 5 amenities found within 500 m, across 3 categories, including 2 education (nearest 391 m), 2 parks (nearest 266 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 45% | Top 38% | Top 22% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 9% | Bottom 21% | Top 50% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 465 Waterloo Street, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This home at 465 Waterloo Street in North River Heights is a classic, post-war bungalow built in 1945. Its key characteristic is its position as a more modest and affordable entry point into a desirable, established neighbourhood. With 1,152 sqft of living space and a 4,822 sqft lot, it sits below the average size for both the immediate street and the broader area, but is much closer to the city-wide average for living space. This creates its primary appeal: the opportunity to own a character home in a prime location without the premium price tag often associated with larger, renovated properties on the same blocks.
The assessed value of $379k is notably below the averages for Waterloo Street and North River Heights, yet aligns closely with the Winnipeg city-wide average. This suggests a value proposition for a buyer who prioritizes location and land over square footage. The lot size is fairly typical for the area, offering good outdoor potential. Recent sale history indicates strong appreciation since 2019.
This property would best suit a first-time buyer, a downsizer, or a pragmatic investor seeking a character home in a solid neighbourhood. It’s ideal for someone comfortable with a home that may require updates, viewing it as a canvas to add value over time rather than a move-in-ready showcase. It offers a chance to gain a foothold in a community known for its charm and convenience, with the understanding that the interior space is cozy and efficient.
Frequently Asked Questions
1. Is this a good value for the neighbourhood?
Based on the data, yes. The assessed value is in the bottom 20% for Waterloo Street and North River Heights, meaning you are paying significantly less than the area norm for a home. This allows access to the neighbourhood at a lower entry point.
2. The living area seems small. How does it compare?
At 1,152 sqft, it is smaller than most homes directly on Waterloo Street and in North River Heights. However, it is only slightly below the average home size across the entire city of Winnipeg, indicating it’s a compact but not unusually small floor plan by broader standards.
3. What does the sale history tell us?
The home sold in mid-2024 and previously in 2019. The price increased from the $300k-$350k range to the $450k-$500k range over those five years, demonstrating strong market appreciation for the property.
4. How old is the home, and what should I consider?
Built in 1945, the home is 81 years old. It is actually newer than many homes in North River Heights but older than the typical Winnipeg home. Prospective buyers should budget for and prioritize a thorough inspection of aging components like the roof, plumbing, electrical, and foundation.
5. How can I find out the exact past sale prices?
The site provides sold price ranges publicly. To receive the exact sale figures, you must request them via email from the site administrators, as they manually look up and provide this data due to industry regulations.
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