Property score
91.5
Excellent
Overall 91.5 · Larger and newer than most nearby homes
2,632 sqft (top 4%) · Built in 2022 (85 yrs newer than avg)
Located in a high-income area with median household income of ~162k
Transit 80.0 · 5-min walk to transit with 3 nearby routes · Within 500m: 3 dining spots, 2 schools, 1 sports facility, and 1 place of worship nearby
Living Area
Above average
71% larger than neighborhood avg.
Year Built
Above average
85 yrs newer than neighborhood avg.
Mother tongue
English · 89%French · 2%
Past 10 years North River Heights sales snapshot (~80% of all data)
770
480k
$319/sqft
1937
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91.5 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: #46110664
$162K
Median household income
$202K
Average household income
3%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
18%
Single-person households
39%
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
489 Kingsway — 7 amenities found within 500 m, across 4 categories, including 3 dining (nearest 441 m), 2 education (nearest 151 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 47% | Top 23% | Top 14% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Property Overview
This home at 489 Kingsway in Winnipeg's North River Heights neighbourhood presents a distinct profile defined by its modernity and premium valuation within a well-established area.
Key Characteristics & Appeal
The primary appeal of this property lies in its rarity as a nearly new construction (built in 2022) in a mature neighbourhood. With 2,632 sqft of living space, it offers significantly more room than the average Winnipeg home, placing it in the top tier city-wide. Its assessed value of $1.27M is exceptionally high, ranking in the top 1% of the city and the North River Heights area, reflecting its premium positioning.
The home’s appeal is for buyers seeking a modern, spacious interior without compromising on a classic neighbourhood setting. It suits those who prioritize contemporary builds, low maintenance, and modern systems, and who are less concerned with having a large lot, as the land area is modest compared to other homes on Kingsway itself. This is an ideal fit for professionals or families looking for move-in-ready luxury in a central, prestigious area, willing to pay a premium for the combination of new construction and a prime location.
Frequently Asked Questions
1. Why is the assessed value so much higher than neighbouring properties?
The assessment reflects the home's very recent construction (2022). New builds with modern materials, layouts, and systems are valued significantly higher than the neighbourhood's older average stock, which dates to the 1930s.
2. Is the lot size a drawback?
While the lot is smaller than the average for Kingsway, it is typical for the wider North River Heights area and the city overall. It offers a balance of outdoor space with less yard maintenance, which some buyers may prefer.
3. What does the sold price history indicate?
The home last sold in 2017 for between $500k-$550k, prior to its rebuild or major renovation. This highlights the immense value added by the new construction completed in 2022.
4. How does the living space compare practically?
At 2,632 sqft, the living area is well above the city average (~1,342 sqft). This suggests a spacious layout with ample room for dedicated living, working, and entertaining spaces that are harder to find in older homes without renovations.
5. Where can I get verified historical sale data?
The site notes that exact sold prices are not displayed publicly due to industry rules. They offer a manual lookup service via email to provide full transaction history and exact figures upon request.
