70.8
Good
Property score
70.8
Good
Overall 70.8
Smaller but newer than most nearby homes
1,220 sqft (bottom 29%)
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
Below average
21% 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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70.8 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
491 Niagara Street — 5 amenities found within 500 m, across 3 categories, including 1 education (nearest 225 m), 3 parks (nearest 311 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 491 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 | Bottom 26% | Bottom 37% | Top 38% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 491 Niagara Street, Winnipeg
Key Characteristics & Appeal
This home at 491 Niagara Street in North River Heights presents a solid, mid-century property built in 1948. With 1,220 square feet of living space on a 4,524 sqft lot, it offers a manageable footprint. The assessed value of $452,000 sits around the average for its immediate street and neighborhood, but ranks above average city-wide, suggesting good value relative to the broader Winnipeg market.
The appeal lies in its established location and practical scale. It’s a home that doesn’t stand out for extreme size or newness, but rather for its balance and position in a desirable area. A thoughtful perspective is that its "average" metrics on the street indicate it fits seamlessly into the neighborhood fabric, potentially avoiding the premium often attached to the largest or newest homes on the block. It would suit a buyer looking for a character home in a prime neighborhood without an oversized layout or yard to maintain—ideal for small families, downsizers, or professionals seeking a low-maintenance yet well-located property. The fact that it’s newer than many homes in North River Heights could also mean relatively updated infrastructure.
Frequently Asked Questions
1. How does this home’s value compare to nearby sales?
Based on available data, its last recorded sale was between $350,000-$400,000 in late 2016. Its current assessed value of $452,000 is above the city-wide average, indicating appreciation and a strong value position across Winnipeg.
2. Is the living space smaller than other homes in the area?
Yes. At 1,220 sqft, the living area is below the average for both Niagara Street and the North River Heights neighborhood. This points to a more compact, efficient layout compared to many neighboring homes.
3. What does the "above average" year built ranking for the neighborhood mean?
Built in 1948, this home is newer than about 88% of the homes in North River Heights. This is a less obvious advantage, suggesting it may have benefited from construction techniques or materials of a later era compared to many of its older, character-rich neighbors.
4. How is the lot size?
The 4,524 sqft lot is slightly below the average for Niagara Street but fairly typical for the central neighborhood. It offers a standard urban yard size—adequate for outdoor space without excessive maintenance.
5. Where can I get verified, exact historical sale prices?
The displayed sold price is a range from public data. For fully verified and exact transaction figures, you must request a manual lookup via email through the site, as this information is not sourced from the MLS system.
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