Property score
69.3
Good
Overall 69.3 · Smaller but newer than most nearby homes
1,184 sqft (bottom 27%) · Built in 1947 (10 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: 3 parks, 1 sports facility, and 1 place of worship nearby
Living Area
Below average
23% smaller than neighborhood avg.
Year Built
Above average
10 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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69.3 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
501 Waverley Street — 5 amenities found within 500 m, across 3 categories, including 3 parks (nearest 297 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 14% | Bottom 16% | Bottom 45% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 501 Waverley Street, Winnipeg
Key Characteristics & Appeal
This is a 1,184 sqft bungalow built in 1947, situated on a 5,308 sqft lot in North River Heights. Its core appeal lies in its position as a more accessible entry point into a well-established neighbourhood. The home’s assessed value of $310k is notably below the averages for both its street and immediate area, suggesting a price point that stands out in this location. While the living space is compact compared to many neighbouring homes, the lot size is above average for North River Heights, offering valuable outdoor space and potential.
The property would suit practical, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize location and land over square footage. It presents an opportunity to secure a lot in a mature neighbourhood without the premium typically attached to larger homes on the street. The data indicates a recent sale (October 2024) in the $300k-$350k range, confirming its market position as a relative value play for the area. A thoughtful perspective is that this home may appeal to those viewing it as a long-term foundation, where the land represents the primary asset with the house itself offering functional living space or future renovation potential.
Frequently Asked Questions
1. Why is the assessed value so much lower than other homes on the street?
The assessed value is based on factors including the home's size, age, and characteristics. At 1,184 sqft, this home has significantly less living area than the street average (~1,692 sqft), which is a major contributor to its lower assessment.
2. Is the lot size a positive feature?
Yes. At 5,308 sqft, the lot is larger than the average for North River Heights (~5,054 sqft). This provides more private outdoor space than many area properties and is a key asset.
3. What does the recent sale price tell us?
The home sold between $300k and $350k in October 2024. This aligns with its assessed value and confirms it trades at a discount to the neighbourhood's typical home price, reflecting its smaller size.
4. How does the age of the home (1947) compare?
It's newer than many homes in North River Heights, where the average year built is 1937. This could imply somewhat newer construction materials or systems, though a full inspection is always recommended.
5. How can I find out the exact sold price?
The precise sale figure is not publicly displayed due to data source rules. You can request the exact sold price history by emailing the site via the "Request exact figures by email" button; they will provide it manually.
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