68.6
Good
Property score
68.6
Good
Overall 68.6
Smaller but newer than most nearby homes
1,144 sqft (bottom 25%)
Built in 1949 (12 yrs newer than avg)
Located in a high-income area
with median household income of ~126k
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
26% smaller than neighborhood avg.
Year Built
Above average
12 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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68.6 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: #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
512 Waterloo Street — 4 amenities found within 500 m, across 3 categories, including 1 education (nearest 347 m), 2 parks (nearest 268 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 13% | Bottom 27% | Top 46% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 512 Waterloo Street, Winnipeg
Key Characteristics & Appeal
This home at 512 Waterloo Street in North River Heights presents a specific and practical value proposition. Built in 1949, it is a notably newer construction compared to many homes in its immediate neighbourhood, which may appeal to those seeking a post-war character home with potentially more modern infrastructure. The key figures tell a clear story: with 1,144 sqft of living space and an assessed value of $347k, this property sits well below the averages for both its street and the broader North River Heights area. This positions it as one of the more accessible entry points into this established, desirable neighbourhood.
Its primary appeal lies in its location and lot. The 4,821 sqft land area is very close to the neighbourhood average, offering generous outdoor space relative to the home's modest size—a appealing ratio for gardeners, those who value privacy, or future expansion. The most compelling perspective is its citywide context: while it feels modest for North River Heights, its size and assessment are actually around the overall Winnipeg average. This makes it an ideal fit for first-time buyers, downsizers, or pragmatic investors seeking a lower-maintenance footprint in a prime location without the premium typically attached to larger homes on the street. It suits someone who prioritizes land and neighbourhood over sheer interior square footage.
Frequently Asked Questions
1. Why is the assessed value so much lower than other homes on the street?
The assessed value is primarily a reflection of the home's smaller living area (1,144 sqft) compared to the street average (approx. 1,633 sqft). Assessment is driven by market value indicators, and the property's modest size results in a lower valuation relative to its larger neighbours.
2. Is the sold price data shown for this specific house?
The sold price range shown (CA$350k–400k from February 2023) is for this specific property. The provided data is based on publicly available records, not the MLS. For fully verified and exact historical transaction figures, you can request a manual lookup via email from the site.
3. What does it mean that the home is "newer" for the area?
While built in 1949, this home ranks in the top 10% for year built in North River Heights, meaning approximately 90% of area homes are older. This could suggest advantages like updated wiring, plumbing, or insulation compared to many of the area's early 20th-century homes.
4. How does the lot size compare?
At 4,821 sqft, the lot is slightly below the average for Waterloo Street but is very close to the typical lot size for North River Heights as a whole. It offers a substantial yard space that is proportional to, or even exceeds, the scale of the house itself.
5. Are the rankings based on the entire city?
Yes, rankings are provided on three levels: the specific street (Waterloo Street), the neighbourhood (North River Heights), and city-wide. This shows how the property compares in different contexts—for example, while its living area is below average for its street, it is near the average for the entire city.
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.
