Property score
62.2
Fair
Overall 62.2 · Smaller but newer than most nearby homes
958 sqft (bottom 14%) · Built in 1948 (11 yrs newer than avg)
Located in a high-income area with median household income of ~126k
Transit 74.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 2 schools, 2 parks, and 1 sports facility nearby
Living Area
Below average
38% smaller than neighborhood avg.
Year Built
Above average
11 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
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62.2 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
470 Waterloo Street — 5 amenities found within 500 m, across 3 categories, including 2 education (nearest 423 m), 2 parks (nearest 212 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 49% | Top 34% | Top 20% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 470 Waterloo Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 470 Waterloo Street in North River Heights presents a specific and compelling value proposition. Built in 1948, it is a well-situated, character home on a standard-sized lot (just under 5,000 sq ft). Its key characteristic is its modest living space of 958 sq ft, which is notably smaller than most homes on its street and in the immediate area. This is balanced by a strong assessed value of $440k, which is above the Winnipeg citywide average, reflecting the enduring desirability of the location.
The primary appeal lies in its efficient footprint within a prime, established neighbourhood. It suits buyers seeking an entry point into a sought-after area without the maintenance of a larger house, such as downsizers, small households, or investors. A thoughtful perspective is that its smaller size, while a compromise on space, could translate to lower utility costs and less upkeep, allowing owners to invest more in quality renovations or enjoy the neighbourhood amenities. Its recent sale in 2023 suggests a modernized interior may already be in place.
Section 2: Frequently Asked Questions
1. Is the house significantly smaller than its neighbours?
Yes. At 958 sq ft, the living area is below average for Waterloo Street and the North River Heights area. This indicates a more compact, likely bungalow-style home compared to the larger, two-story homes common in the neighbourhood.
2. How does its value compare?
Despite its smaller size, its $440k assessment is robust. It ranks above average citywide and around average for its immediate area and street, indicating you are paying predominantly for the location and lot within a prestigious neighbourhood.
3. What does the recent sale history tell us?
It sold in May 2023 for between $450,000 and $500,000. This recent transaction, close to its current assessed value, provides a solid, modern benchmark for its market price.
4. Is the lot size a drawback?
At 4,821 sq ft, the lot is slightly below average for the street but is very typical for the broader North River Heights area. It provides a standard urban yard space.
5. How can I get the exact past sale price?
The provided data shows a price range. Due to industry regulations, exact sold prices are not published online here. You can request the precise figure via email from the site, which they will provide manually without using your details for marketing.
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