70.8
Good
Property score
70.8
Good
Overall 70.8
Newer than most nearby homes
1,270 sqft (bottom 33%)
Built in 1948 (11 yrs newer than avg)
Located in a high-income area
with median household income of ~128k
Transit 82.0
2-min walk to transit with 2 nearby routes
Within 500m: 1 school, 2 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
18% 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
505 Waterloo Street — 4 amenities found within 500 m, across 3 categories, including 1 education (nearest 310 m), 2 parks (nearest 302 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 42% | Top 45% | Top 26% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 505 Waterloo Street, Winnipeg
Key Characteristics & Appeal
This home at 505 Waterloo Street in North River Heights presents a solid, mid-century property built in 1948. With 1,270 square feet of living space, it offers a manageable size that is slightly below average for its immediate street but aligns more closely with the typical Winnipeg home. Its assessed value of $485,000 sits above the city-wide average, suggesting a perception of quality and a desirable location, even though it is modest relative to some neighboring homes on Waterloo Street.
The appeal lies in its established neighborhood setting and its position as a home that offers city-wide value. For a buyer, it represents an entry into a well-regarded area without the premium price tag of the largest lots or newest homes on the block. The lot size of 4,821 sqft is smaller than many on its street, which could mean less maintenance—a potential upside for some. This property would likely suit a first-time buyer or a downsizer seeking character in a mature neighborhood, who prioritizes location over sheer size and is comfortable with a home of this vintage. It’s a practical choice for someone looking for a balanced investment in a stable area.
Frequently Asked Questions
1. How does the home’s size compare to others in the area?
At 1,270 sqft, the living area is smaller than the average home on Waterloo Street but is quite typical when compared to the broader North River Heights area and the city as a whole. It’s a comfortable, mid-size footprint.
2. Is the assessed value of $485,000 high for Winnipeg?
Yes, it is above the Winnipeg city-wide average for assessed value. This indicates that assessors attribute a higher value to this property, likely due to factors like its North River Heights location, even though it’s not the most expensive on its own street.
3. What should I know about a home built in 1948?
As a home nearing 80 years old, prospective buyers should budget for and prioritize a thorough inspection. While these older homes often feature solid construction and charm, key systems like plumbing, electrical, and the roof may need updating or careful evaluation.
4. The lot seems smaller than others on the street. Is that a disadvantage?
The lot is below average for Waterloo Street. This could mean a smaller yard, but also less upkeep. For buyers who prefer more indoor space or low-maintenance outdoor areas, this could be a neutral or even positive point.
5. Can I get the exact sale price from 2021?
The site shows a sold price range of CA$400k–450k for June 2021. To obtain the exact sale price and full transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS.
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