72.6
Good
Property score
72.6
Good
Overall 72.6
Newer than most nearby homes
1,344 sqft (bottom 41%)
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, 1 sports facility, and 1 place of worship nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
13% 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
495 Niagara Street — 6 amenities found within 500 m, across 4 categories, including 1 education (nearest 216 m), 3 parks (nearest 321 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 495 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 35% | Top 36% | Top 21% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 495 Niagara Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This 1,344 sqft home, built in 1948, sits on a 4,524 sqft lot in the established North River Heights neighbourhood. Its core appeal lies in a strong value proposition within a desirable area. The home’s assessed value of $516k consistently ranks in the top 25-30% when compared to similar homes on its street, in the neighbourhood, and across Winnipeg, suggesting it is viewed as a above-average asset. Interestingly, while the living space is modest compared to some local peers, the property commands a premium assessment, which often points to factors like lot value, specific location, or quality of construction.
The home would suit practical buyers looking for a solid foothold in a mature neighbourhood. It’s ideal for someone who values a character home from the mid-century era but may prioritize the financial metrics and lot potential over having the largest house on the block. The data indicates it’s a property that has held its value well relative to the market, making it a candidate for buyers with an eye on long-term stability and equity.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home last sold in April 2021 for an estimated $450k-$500k. Its current assessed value of $516k is higher, which is common as assessments aim to reflect market value over time. It’s important to get verified sale figures and a current market evaluation.
2. Is the living area smaller than average for the area?
Yes, at 1,344 sqft, it is somewhat below the average for both Niagara Street (~1,491 sqft) and North River Heights (~1,540 sqft). This suggests a more compact or efficiently designed floor plan compared to some neighbouring homes.
3. What does the "above average" ranking for Year Built in North River Heights mean?
In this context, being newer is considered "better." Built in 1948, this home is newer than many in North River Heights, where the average comparable home was built around 1937. This could imply potentially fewer issues with very old infrastructure.
4. How does the lot size impact value?
The lot of 4,524 sqft is slightly below the street and neighbourhood averages. However, the strong assessed value indicates the lot’s location and utility in North River Heights are significant value drivers, possibly offering good outdoor space and redevelopment potential relative to city-wide norms.
5. Where can I find more detailed comparative data?
The listing references a neighbourhood analysis page that maps nearby properties, allowing for direct comparison of year built, living area, assessed value, and lot size. This can provide clearer context for how this specific property fits into its immediate surroundings.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
