72.6
Good
Property score
72.6
Good
Overall 72.6
Newer than most nearby homes
1,363 sqft (bottom 43%)
Built in 1948 (11 yrs newer than avg)
Located in a high-income area
with median household income of ~128k
Transit 88.0
1-min walk to transit with 3 nearby routes
Within 500m: 1 school, 3 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
Near average
11% smaller than neighborhood avg.
Year Built
Above average
11 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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72.6 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
485 Niagara Street — 5 amenities found within 500 m, across 3 categories, including 1 education (nearest 243 m), 3 parks (nearest 292 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%
Local garbage, recycling, and yard waste pickup schedule for 485 Niagara Street.
Garbage
monday
Recycling
monday
Yard Waste
monday a
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 28% | Top 30% | Top 19% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 485 Niagara Street, Winnipeg
Key Characteristics & Appeal
This home at 485 Niagara Street in North River Heights is a well-situated, post-war property that represents a solid entry into a desirable neighbourhood. Built in 1948, its 1,363 sqft living space and 4,524 sqft lot are very typical for Niagara Street and the wider North River Heights area, offering a standard footprint without surprises. The appeal lies in its established location and straightforward value proposition. With an assessed value of $475,000, it sits around the average for its immediate area but ranks above average compared to the wider city, suggesting you are paying for the neighbourhood as much as the structure itself. It last sold in May 2024 for an estimated $450,000–$500,000.
This property would suit a practical buyer looking for a character home in a mature neighbourhood without the premium or extreme renovation demands of an older, heritage-style property. It’s a sensible choice for someone who values community stability over a brand-new build and is comfortable with a home that may require thoughtful updates to suit modern tastes. A less obvious perspective is that its "average" metrics within the neighbourhood could be a stability advantage, potentially offering more predictable property value trends and fewer extreme comparables than a standout lot.
Frequently Asked Questions
1. How does this home’s age compare to others nearby?
At 78 years old (built in 1948), this home is newer than many in North River Heights, ranking in the top 12% for year built in the area. This suggests it may have fewer of the foundational concerns associated with much earlier construction, while still offering classic character.
2. Is the assessed value in line with recent sale prices?
The $475,000 assessed value is consistent with its estimated sale price of $450,000–$500,000 in May 2024. This alignment indicates the assessment and market value are currently in sync.
3. How does the lot size compare?
The 4,524 sqft lot is slightly below the street and area average but is a standard city lot. It provides typical yard space for the neighbourhood but is not an unusually large or small parcel.
4. What does the "above average" city-wide ranking for value mean?
While the value is typical for North River Heights, it ranks in the top 24% city-wide. This highlights that you are investing in a neighbourhood where property values are generally higher than in many other parts of Winnipeg.
5. Where can I get verified historical sale data?
The site notes that exact sold prices are not displayed publicly due to industry rules. You can request the full transaction history and exact figures via email from the provider, who will manually look up the data.
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