Property score
81.6
Excellent
Overall 81.6 · Larger and newer than most nearby homes
2,205 sqft (top 12%) · 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: 1 school, 2 parks, and 1 sports facility nearby
Living Area
Above average
43% larger 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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81.6 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: #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
478 Waterloo Street — 4 amenities found within 500 m, across 3 categories, including 1 education (nearest 407 m), 2 parks (nearest 217 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 | Top 39% | Top 23% | Top 14% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 478 Waterloo Street, Winnipeg
Key Characteristics & Appeal
This home at 478 Waterloo Street in North River Heights presents a compelling mix of space, established value, and location. Its primary strength is its generous 2,205 sqft of living area, which places it comfortably within the top 15% for size both on its street and in the wider city. This suggests a home well-suited for a growing family or those who value ample indoor living space over an expansive yard. The assessed value of $637,000 significantly outpaces local and city-wide averages, indicating a property perceived as above-average in its market tier.
The appeal lies in this combination of a spacious interior within a mature, sought-after neighbourhood. Built in 1948, it is a classic example of the area's character but is notably newer than many homes in North River Heights. A thoughtful perspective is that while the lot size is slightly below average for Waterloo Street, it is typical for the broader area. This points to a property where the investment has been prioritized in the home's footprint and perceived value rather than in extensive grounds, ideal for buyers who prefer lower-maintenance outdoor space.
This property would best suit buyers looking for a move-in-ready, spacious home in a prime established neighbourhood, who are comfortable with a valuation that reflects its desirability. It’s a strong option for professionals or families seeking character without the extreme upkeep of an older century home, and who value interior space for living and entertaining.
Frequently Asked Questions
1. How does the lot size impact the property?
At 4,821 sqft, the lot is slightly smaller than the average on Waterloo Street but is standard for North River Heights. This typically means a more manageable yard for maintenance, while still providing private outdoor space.
2. What does the assessed value tell me about this home?
An assessment of $637,000, which is in the top 10% for the area, signals that the municipal tax authority attributes a high market value to the property compared to peers. It generally reflects factors like location, living area, and condition.
3. The home was last sold in 2016. Is recent sales data available?
Exact sold price data is not publicly displayed here due to industry regulations. You can request the full transaction history and exact figures via email through this site for a manually verified report.
4. How does the year built (1948) compare to the neighbourhood?
Built in 1948, this home is actually newer than the average home in North River Heights. This can suggest potentially updated infrastructure or layouts compared to many of its older neighbours, while still offering classic neighbourhood character.
5. Where can I see how this property compares visually to nearby homes?
You can open the neighbourhood analysis page for a map view to compare this property with nearby houses in detail based on year built, living area, assessed value, and lot size.
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.
