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Winnipeg Real Estate – Home Prices, Sales History & Market Trends
Redder color means more recent sale.
If the color is red, the property has sold before; the redder the color, the more recent the sale.
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.
Data summary (Winnipeg / north river heights / Detached houses (non-condo) / 2024): ~$50k bands. The largest share is $450K–$500K (about 20.0%). Second-largest band: $400K–$450K (about 14.7%); top two together about 34.7%. About 95 sales in this view (sample size check).
All figures above are based on real sold transaction data analysis; for source details, see
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.
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 11% | Bottom 16% | Bottom 45% |
Request exact figures by email
| Address | Year Built | Living Area | Assessed Value | |
|---|---|---|---|---|
| 421 Waverley Street | 1941 | 1,349 sqft | 402k | For reference |
| 444 Waverley Street | 2021 | 2,450 sqft | 1.27M | Trending |
| 428 Waverley Street | 1942 | 1,488 sqft | 442k | For reference |
| 416 Waverley Street | 1941 | 1,419 sqft | 637k | For reference |
| 498 Montrose Street | 1946 | 1,907 sqft | 529k | For reference |
Property Overview: 445 Montrose Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This 1945-built home in North River Heights presents a distinct value proposition defined by its contrasts. At 950 sqft, the living space is notably compact, ranking in the bottom tier compared to most homes on its street and in the established neighbourhood. However, this is balanced by a generous, above-average lot size of nearly 6,000 sqft for the area, offering significant outdoor potential. With an assessed value of $385k, it sits well below the neighbourhood average but aligns closely with the wider Winnipeg average, suggesting its price is driven more by its modest interior than its location.
The primary appeal lies in this combination: a lower entry price into a desirable neighbourhood, coupled with a large yard rarely found with homes at this price point. It suits practical buyers—first-time purchasers, downsizers, or investors—who prioritize land and location over immediate square footage. For the right buyer, the property represents a canvas, where the value is in the land and the opportunity to expand or renovate the existing structure over time. It’s a home for those comfortable with a project or who simply desire an affordable, low-maintenance footprint in a prime area.
Frequently Asked Questions
1. Why is the living area so much smaller than nearby homes?
This is a characteristic of the original build. Homes from this era on large lots sometimes had more modest floor plans, and many in the area have been expanded over decades. This home's size has likely remained unchanged, which is a key factor in its accessible price point.
2. How does the assessed value compare to likely market value?
The assessed value of $385k is an administrative figure for tax purposes. Given it's below area averages but aligns with the city-wide typical home value, it indicates a market price likely influenced by the home's condition and size. The last known sale was between $300k-$350k in late 2019.
3. Is the large lot a benefit for future expansion?
Potentially, yes. The lot size is significantly larger than the North River Heights average, which could provide room for an addition, garden, or outdoor living space. Any expansion would be subject to local zoning bylaws and require proper permits.
4. What should I consider about a home built in 1945?
While the building age is typical for the core of this neighbourhood, an 80-year-old home will require a thorough inspection. Key considerations include the condition of the foundation, roof, plumbing, electrical systems, and insulation. Budgeting for updates and maintenance is essential.
5. How can I get the exact historical sale prices for this property?
The site provides sold price ranges for general research. For fully verified and exact transaction figures, you must request a manual lookup by email, as this data is not sourced from or displayed via the MLS system.
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Address · Assessed Value