Winnipeg, Manitoba, Canada
0 active MLS® listings
River Heights is a well-established, largely residential neighbourhood in south-central Winnipeg known for its mature tree canopy, character homes (including many mid-century builds and pre-war stock), and quiet, walkable streets. It tends to attract families, professionals, and long-term owners, with a relatively stable demographic profile and strong owner-occupancy compared with many inner-city areas. The housing mix is primarily detached homes with pockets of low-rise apartments and small multiplexes, which supports both end-user demand and steady rental absorption.
Key amenities cluster along Academy Road and Grant Avenue with local shops, restaurants, grocery options, and services, while nearby green space and recreation include parks and easy access to the Assiniboine area. School options are a major draw, with well-regarded public and independent schools in and around the neighbourhood (e.g., River Heights School, Grant Park High School catchment nearby, and proximity to private options). Transit service is generally strong along major corridors (Grant, Corydon, and routes connecting to downtown and the University of Manitoba), supporting renters who commute without a car. Real estate trends typically skew toward resilience rather than volatility: prices are supported by limited turnover, high desirability, and constrained infill potential, while investors should expect moderate gross yields relative to Winnipeg averages due to higher purchase prices and a tenant base that values quality, location, and school access.
River Heights currently has 6 active listings with a median asking price of $354,950 and an average of $360 per square foot, suggesting pricing is holding firm for buyers focused on value and long-term stability. Homes are averaging 45 days on market, indicating a measured pace where well-priced properties can still move while buyers have time to compare options. With 3 new listings in the past 30 days, inventory is slowly refreshing, giving investors and owner-occupiers a few more choices without signaling a major shift in supply.
Walk Score 72 · Transit Score 45 · Bike Score 81
River Heights has a Walk Score of 72 out of 100, which Walk Score classifies as Very Walkable — most errands can be accomplished on foot. Transit Score is 45. Bike Score is 81.