Property score
81.1
Excellent
Overall 81.1 · Larger than most nearby homes
2,048 sqft (top 15%) · Built in 1928 (9 yrs older than avg)
Located in a high-income area with median household income of ~155k
Transit 70.0 · 5-min walk to transit with 3 nearby routes · Within 500m: 1 dining spot, 2 schools, 1 sports facility, and 1 place of worship nearby
Living Area
Above average
33% larger than neighborhood avg.
Year Built
Below average
9 yrs older than neighborhood avg.
Mother tongue
English · 90%Chinese · 1%
Past 10 years North River Heights sales snapshot (~80% of all data)
770
480k
$319/sqft
1937
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
81.1 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: #46110383
$155K
Median household income
$196K
Average household income
4%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.6
P90 / P10 ratio
15%
Single-person households
41%
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
490 Kingsway — 5 amenities found within 500 m, across 4 categories, including 1 dining (nearest 467 m), 2 education (nearest 126 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 28% | Bottom 38% | Top 37% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
490 Kingsway is a well-established home in Winnipeg's North River Heights neighbourhood. Built in 1928, it offers 2,048 square feet of living space on a 4,822 square foot lot, with a current assessed value of $508,000.
Key Characteristics & Appeal
This home presents a compelling value proposition within a desirable area. Its primary appeal lies in its above-average size and value when viewed in a broader context. While it is a more modest offering compared to the larger, higher-valued estates on Kingsway itself, it stands out positively against both the North River Heights average and the Winnipeg city-wide average for living space and assessed value. This creates an opportunity to access a character home in a prime neighbourhood without the premium price tag of its largest street-mates.
The property would suit a practical buyer looking for a solid, character home in a central location. It’s ideal for someone who values the established streetscape and community of North River Heights but may not require or want the upkeep of one of the street's grander lots and homes. It represents a sensible entry point into the area or a comfortable long-term home for those who prioritize location and functional space over sheer scale.
A less obvious perspective is the potential this lot size offers. While below average for Kingsway, it is very typical for the wider neighbourhood and city. This could appeal to buyers seeking a manageable outdoor space that is easier to maintain than the sprawling yards common on the street, while still offering room for gardening or recreation.
1. How does this home’s value compare to others in the area?
The home’s assessed value of $508,000 is above the average for both North River Heights and Winnipeg as a whole, but it is below the average for properties on Kingsway itself. This indicates you are purchasing in a premium neighbourhood, but on a street where this is one of the more accessible properties.
2. Is the living space sufficient for a family?
At 2,048 sq ft, the living area is larger than the average home in both North River Heights and across Winnipeg. It provides ample space for a family, especially when considered against typical city standards, though it is smaller than the average home on Kingsway.
3. What should I consider with a home built in 1928?
A home of this age offers classic charm but requires diligent attention to maintenance and potential updates. Key systems like plumbing, electrical, and the roof should be carefully inspected. The year built is actually newer than most on Kingsway, but older than the majority of homes city-wide.
4. What does the sold price history indicate?
Records show the home sold in March 2016 for between $350,000 and $400,000. The increase to the current $508,000 assessment reflects market appreciation over nearly a decade. For exact historical sold prices, a manual lookup can be requested from the site.
5. Is the lot size a limitation?
The 4,822 sq ft lot is smaller than most on Kingsway but is very close to the average for North River Heights. It provides a balanced space: large enough for privacy and outdoor activities, but potentially more manageable and less time-consuming to maintain than the larger estates on the street.
