Property score
78.2
Good
Overall 78.2 · Newer than most nearby homes
1,636 sqft (top 37%) · Built in 1950 (13 yrs newer than avg)
Located in a high-income area with median household income of ~126k
Transit 74.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 2 parks, 1 sports facility, and 1 place of worship nearby
Living Area
Near average
6% larger than neighborhood avg.
Year Built
Above average
13 yrs newer than neighborhood avg.
Mother tongue
English · 84%Chinese · 1%
Past 10 years North River Heights sales snapshot (~80% of all data)
770
480k
$319/sqft
1937
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78.2 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: #46110384
$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
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
494 Montrose Street — 4 amenities found within 500 m, across 3 categories, including 2 parks (nearest 253 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 21% | Bottom 27% | Top 46% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 494 Montrose Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This 1,636 sqft home, built in 1950 on a 5,998 sqft lot, presents a solid, mid-century offering in the established North River Heights neighbourhood. Its primary appeal lies in its balanced positioning. The home isn't an outlier in any single category but offers above-average space and value when viewed in the broader Winnipeg context. With a living area larger than 76% of city homes and an assessed value higher than 81% of them, it provides more interior room than many newer builds at a value that stands out citywide.
Within its own desirable neighbourhood and street, however, it sits closer to the middle of the pack. This creates an interesting dynamic: it’s a property that feels competitively priced and spacious compared to the wider market, yet remains a typical, well-integrated home on its block. This balance suits buyers looking for a genuine, move-in-ready home in a prime area without the premium price of a top-tier neighbourhood standout. It would particularly suit a growing family or professional seeking the stability and charm of North River Heights, who values a generous lot and functional space over a modern renovation or a historic pedigree. The 1950 build date suggests a home likely past its major replacement cycles for original components, which can be a plus for buyers wary of hidden issues in much older homes.
Frequently Asked Questions
1. How does this home’s value compare to its last sale?
The property sold in September 2016 for an estimated $350,000-$400,000. With a current assessed value of $502,000, this indicates significant appreciation, consistent with market trends in sought-after neighbourhoods over that period.
2. Is the lot size a advantage?
At nearly 6,000 sqft, the lot is larger than 84% of properties in North River Heights, which is a considerable asset. It offers ample outdoor space for gardening, play, or expansion, setting it apart from many neighbouring properties.
3. What does the "above average citywide, but average locally" ranking mean for me?
This highlights the strength of the North River Heights market. You are buying into a neighbourhood where homes are generally larger and more valuable than the city average. This home offers access to that premium location while being priced within the local norm, which can provide stability and a realistic entry point.
4. The home was built in 1950. What should I consider?
A home of this age may have undergone updates. Key systems like wiring, plumbing, windows, and the roof should be carefully inspected. The positive angle is that many major updates for a house of this era may already have been addressed by previous owners.
5. How current is the sold price data provided?
The sold price shown is from 2016. For the most recent sales data and exact historical prices, you must request a manual lookup from the site via email, as they do not display MLS sold records due to industry rules.
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