Property score
63.4
Fair
Overall 63.4 · Smaller but newer than most nearby homes
974 sqft (bottom 16%) · Built in 1949 (12 yrs newer than avg)
Located in a high-income area with median household income of ~123k
Transit 82.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 2 parks, 1 sports facility, and 1 place of worship nearby
Living Area
Below average
37% smaller than neighborhood avg.
Year Built
Above average
12 yrs newer than neighborhood avg.
Mother tongue
English · 90%French · 2%
Past 10 years North River Heights sales snapshot (~80% of all data)
770
480k
$319/sqft
1937
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63.4 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: #46110385
$123K
Median household income
$132K
Average household income
9%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.7
P90 / P10 ratio
19%
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
496 Waverley Street — 4 amenities found within 500 m, across 3 categories, including 2 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%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 7% | Bottom 10% | Bottom 40% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 496 Waverley Street, Winnipeg
Key Characteristics & Appeal
This home at 496 Waverley Street in North River Heights is a classic post-war bungalow, built in 1949. Its key characteristic is its efficiency: with 974 sqft of living space on a 5,204 sqft lot, it represents a more compact and manageable footprint within a desirable, established neighbourhood. The assessed value of $391k is notably below the average for both Waverley Street and North River Heights, yet aligns closely with the Winnipeg city-wide average, suggesting a value-oriented entry point into the area.
The appeal lies in this value proposition. It suits first-time buyers or downsizers seeking the character and location of North River Heights without the premium price tag of its larger homes. The lot size is typical for the neighbourhood, offering decent outdoor space relative to the home's size. A thoughtful perspective is that a smaller, well-maintained home of this era can offer lower utility and maintenance costs, providing a different kind of financial efficiency beyond the purchase price. It’s a practical choice for those who prioritize location and lot over square footage, viewing the home itself as a solid foundation with potential for personalization.
Frequently Asked Questions
1. How does the size of this home compare to others nearby?
At 974 sqft, the living area is significantly smaller than the average home on Waverley Street (~1,692 sqft) and in North River Heights (~1,540 sqft). This is reflected in its price and assessment, positioning it as one of the more compact options in the area.
2. Is the assessed value a good indicator of the likely selling price?
The $391k assessment is a municipal valuation for tax purposes. Notably, it sits below area averages but aligns with the city-wide average. Market conditions, the home's interior condition, and recent upgrades will ultimately determine the sale price. The last known sale was in 2016 for between $300k-$350k.
3. What are the potential benefits of a smaller home like this?
Beyond a lower entry cost, benefits often include reduced property taxes, lower heating/cooling expenses, and less space to maintain. This can free up budget for renovations, travel, or investments, appealing to a minimalist or efficiency-focused lifestyle.
4. The home was built in 1949. What should I consider?
While the build date is older than the city average, it is actually newer than many homes in North River Heights. Buyers should prioritize a thorough inspection to understand the condition of major aging components like the roof, plumbing, electrical, and foundation, and budget for potential updates.
5. How can I get the exact historical sale prices for this property?
The provided data shows sold price ranges. Due to industry regulations, exact MLS sale figures are not displayed on this site. You can request the full transaction history and exact figures by emailing the site directly for a manual lookup.
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