482 Waterloo Street

North River Heights, Winnipeg

Property score

79.9

Good

Overall 79.9 · Larger and newer than most nearby homes

1,776 sqft (top 27%) · Built in 1949 (12 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

15% larger than neighborhood avg.

Year Built

Above average

12 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

79.9 is composed by the two sections below.

Property Score

71.6Good
Living Area1,776 sqft86Excellent
Year Built194930Low
Lot Size6,037 sqft81Excellent
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

above average
1,776 sqft
0255075100
Same streetTop 28%Same areaTop 27%CitywideTop 18%
Same street · Waterloo Street
#91 / 322
Top 28% · Avg 1,633 sqft
Same area · North River Heights
#591 / 2,168
Top 27% · Avg 1,540 sqft
Citywide · Winnipeg
#35,166 / 194,458
Top 18% · Avg 1,342 sqft

Tax-Assessed Value

above average
582k
0255075100
Same streetTop 22%Same areaTop 16%CitywideTop 9%
Same street · Waterloo Street
#70 / 322
Top 22% · Avg 552.1k
Same area · North River Heights
#337 / 2,168
Top 16% · Avg 479.3k
Citywide · Winnipeg
#18,145 / 194,458
Top 9% · Avg 390.1k

Year Built

above average
1949
0255075100
Same streetTop 49%Same areaTop 10%CitywideBottom 27%

Lot Size

above average
6,037 sqft
0255075100
Same streetTop 22%Same areaTop 9%CitywideTop 31%

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

482 Waterloo Street — 4 amenities found within 500 m, across 3 categories, including 1 education (nearest 398 m), 2 parks (nearest 221 m).

Search radius
🏫Education1
🌳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 11/2021CA$650k–700k
Sold price

Same street

Top 18%

Same area

Top 10%

City-wide

Top 4%
Sold 11/2017CA$550k–600k
Sold price

Same street

Top 31%

Same area

Top 19%

City-wide

Top 11%

Related homes

Highlights & common questions: 482 Waterloo Street, Winnipeg

Property Overview: 482 Waterloo Street, Winnipeg

Key Characteristics & Appeal

This home at 482 Waterloo Street in North River Heights is a well-established property that stands out for its above-average space and value within its desirable neighbourhood. Built in 1949, the 1,776 sqft residence sits on a generous 6,037 sqft lot, offering more living area and land than most comparable homes in both the immediate area and across Winnipeg. Its assessed value of $582,000 consistently ranks within the top quarter of properties locally, indicating a perception of solid worth.

The appeal lies in its positional strength. It’s a property that outperforms many of its direct neighbours on key metrics like lot size and living space, suggesting a premium offering on its street. For a home of its era, it presents a compelling balance: it’s newer than many in the historic North River Heights area, yet it retains the character and established streetscape that define the community. It would suit buyers looking for a home with room to grow in a mature, sought-after neighbourhood, who appreciate a property that already holds a strong relative value position. The historical sale prices (approximately $550k-$600k in 2017 and $650k-$700k in 2021) show a trajectory of robust market performance.

Frequently Asked Questions

1. How does this home truly compare to others nearby?
The data shows this home ranks above average for living space, lot size, and assessed value not just on its street, but across the wider North River Heights area. This means you’re getting more property—both in the house and on the land—than is typical for this specific, popular neighbourhood.

2. What does the assessed value tell me about the property?
With an assessment in the top 16% for North River Heights, the city views this property as more valuable than the vast majority of homes in the area. This is a strong indicator of its fundamental worth, though the final market sale price is determined by current buyer demand.

3. The home was built in 1949. Should I be concerned about its age?
While 77 years old, this home is actually newer than the average for North River Heights. The neighbourhood is known for its character homes, and this property’s vintage is consistent with the area’s charm. A thorough inspection is always recommended to understand the condition of major systems and any updates.

4. How stable has its value been over time?
Based on available sales data, the home has appreciated significantly between its 2017 and 2021 sales. This growth outpaced the average for the street, area, and city-wide market during those periods, suggesting strong, sustained demand for this specific property.

5. Where can I get verified, exact historical sale prices?
The figures shown are estimated ranges from public data. To receive the exact, verified sale prices and full transaction history, you can request a manual lookup by email through the site. This service is provided without obligation.

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