Property score
64.0
Fair
Overall 64.0 · Smaller but newer than most nearby homes
962 sqft (bottom 15%) · 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: 3 parks, 1 sports facility, and 1 place of worship nearby
Living Area
Below average
38% 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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64.0 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
506 Waverley Street — 5 amenities found within 500 m, across 3 categories, including 3 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 2% | Bottom 8% | Bottom 37% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 506 Waverley Street, Winnipeg
Key Characteristics & Appeal
This home at 506 Waverley Street in North River Heights is a classic, compact bungalow built in 1949. With 962 sqft of living space, it is notably smaller than most homes on its street and in the established neighbourhood, positioning it as a more affordable entry point into a desirable area. Its assessed value of $359k is below the local averages but aligns closely with the typical Winnipeg home, suggesting you are paying primarily for location here.
The appeal lies in its generous 5,724 sqft lot, which is above average for North River Heights, offering significant outdoor space and potential for expansion or gardening. The home suits first-time buyers, downsizers, or investors seeking a lower-priced foothold in a prime neighbourhood where land holds value. It’s a practical choice for those comfortable with a smaller interior footprint who prioritize a large yard and the mature, quiet streets characteristic of the area. A thoughtful perspective is that its smaller size and below-average assessment for the street could mean relatively lower property taxes compared to neighbouring homes, while still providing the same community amenities and prestige.
Frequently Asked Questions
1. How does the home’s size compare to others nearby?
At 962 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). It is a compact bungalow.
2. Is the assessed value in line with the area?
The $359k assessment is below the averages for both the immediate street and the broader North River Heights area. However, it is very close to the city-wide average, indicating the premium for the location is somewhat tempered by the home’s smaller size.
3. What are the advantages of the lot?
The 5,724 sqft land parcel is a key feature. It is larger than most lots in North River Heights, offering more private outdoor space than is typical for the neighbourhood.
4. When was it last sold and for roughly how much?
Public records indicate a sale between July 2017 for a price in the range of CA$250,000–300,000. Exact figures require a manual lookup.
5. What is the potential for future expansion or renovation?
The combination of a large lot and a smaller, older home suggests potential for additions or significant renovation, subject to local zoning and permit approvals. The existing structure provides a solid foundation to customize.
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