34 Grey Oaks Cove

Assiniboia Downs, Winnipeg

Property score

88.4

Excellent

Overall 88.4 · Compared with neighbourhood average

2,129 sqft (top 46%) · Built in 2008 (1 yr older than avg)

Located in a high-income area with median household income of ~109k

Transit 40.0 · 17-min walk to transit with 1 nearby route · Within 500m: 2 parks, and 1 place of worship nearby

Living Area

Near average

4% smaller than neighborhood avg.

Year Built

Near average

1 yrs older than neighborhood avg.

Mother tongue

English · 85%French · 2%

Past 10 years Assiniboia Downs sales snapshot (~80% of all data)

Sold Count

52

Median price

940k

$/sqft

$470/sqft

Avg build year

2009

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Property score

88.4 is composed by the two sections below.

Property Score

93.6Excellent
Living Area2,129 sqft94Excellent
Year Built200890Excellent
Lot Size11,763 sqft97Excellent
Neighbourhood Sales Activity92Excellent

Community Score

80.7Excellent
Household Income88Excellent
Education Level54Fair
Housing Stress83Excellent
Core Housing Need100Excellent
Employment Health76Good

Neighbourhood Sales

Assiniboia Downs

How to read: Share of sales in each ~$50k price band for “assiniboia downs” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111093

Community deep dive

$109K

Median household income

$147K

Average household income

5%

Low income (LIM-AT)

0.3

Income inequality (Gini)

4.0

P90 / P10 ratio

23%

Single-person households

28%

Families with children

Population, labour & age

Population (2021)1,236
Labour force participation rate70%
Median age46.4
Avg household size2.4
Unemployment rate8%
Population density245 / km²

Households & income

Low income (LIM-AT, % pop.)5%
Single-person households23%
Couple families with children28%
Median household income (2020)$109K

Housing

Renter households5%
Condominium dwellings48%
Median dwelling value (owners)$348K

Diversity, education & language

Immigrants (share of pop.)16%
Visible minority13%
Bachelor's or higher (25–64)29%
Mother tongue (1st)English · 85%
Mother tongue (2nd)French · 1%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

above average
2,129 sqft
0255075100
Same streetTop 17%Same areaTop 46%CitywideTop 8%
Same street · Grey Oaks Cove
#2 / 12
Top 17% · Avg 1,914 sqft
Same area · Assiniboia Downs
#56 / 121
Top 46% · Avg 2,212 sqft
Citywide · Winnipeg
#15,318 / 194,458
Top 8% · Avg 1,342 sqft

Tax-Assessed Value

Elite
685k
0255075100
Same streetBottom 17%Same areaBottom 13%CitywideTop 4%
Same street · Grey Oaks Cove
#10 / 12
Bottom 17% · Avg 729.2k
Same area · Assiniboia Downs
#105 / 121
Bottom 13% · Avg 898.9k
Citywide · Winnipeg
#8,248 / 194,458
Top 4% · Avg 390.1k

Year Built

above average
2008
0255075100
Same streetBottom 8%Same areaBottom 44%CitywideTop 13%

Lot Size

Elite
11,763 sqft
0255075100
Same streetBottom 8%Same areaBottom 12%CitywideTop 4%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

34 Grey Oaks Cove — 3 amenities found within 500 m, across 2 categories, including 2 parks (nearest 395 m).

Search radius
🌳Parks2
Worship1

Crime & Safety

Assiniboia Downs · WPS public data · 2026

Annual incidents

8

2026

vs. city avg

-73%

relative to avg

Year-over-year

-88%

vs. prior year

Primary type

Property

75%

Sales History

Sold 1/2021CA$550k–600k
Sold price

Same street

Bottom 1%

Same area

Bottom 8%

City-wide

Top 8%

Related homes

Highlights & common questions: 34 Grey Oaks Cove, Winnipeg

Property Overview: 34 Grey Oaks Cove

Key Characteristics & Appeal

This two-storey home, built in 2008, is situated on an exceptionally large, private lot in the Assiniboia Downs area. The property’s standout feature is its land: at nearly 12,000 square feet, the lot size ranks in the top 4% of all properties in Winnipeg, offering rare space and potential for gardens, recreation, or future expansion. The home itself features a renovated basement and attached garage, with a living area that is spacious and above average for the city.

Its appeal lies in a compelling combination of established neighbourhood character and standout metrics. While the house is modern and well-sized, the true value is anchored in the land—a substantial and increasingly scarce asset in the city. It suits buyers looking for a long-term family home where the property itself is a primary investment, particularly those who value outdoor space, privacy, and the stability of a mature area. It would also appeal to value-conscious buyers who see potential in a solid structure on a premier lot, where the land may appreciate independently of the dwelling.

Frequently Asked Questions

1. How does the lot size compare to typical properties?
The lot is exceptionally large at 11,763 sq ft, placing it in the top 4% for size across Winnipeg. It offers a level of privacy and space that is uncommon in the city.

2. What is the neighbourhood like?
The home is in Assiniboia Downs, a stable, established area. The property ranks in the top 12% for lot size within its immediate neighbourhood, indicating it is one of the larger, more private lots on the street and in the area.

3. Has the property been updated?
The listing confirms the basement has been renovated. Further details on the scope and quality of this renovation, as well as updates to other parts of the home, should be confirmed with a viewing or the listing agent.

4. How does the assessed value relate to the market?
The municipal assessed value is $68,500, which is a figure used for tax purposes. It is not a market valuation. The home last sold in January 2021 for $590,000, which is a more relevant benchmark for current market value.

5. Is the living space adequate for a family?
With 2,129 sq ft of living area, the home is above the Winnipeg average (top 7% in the city) and provides ample space for a family. The renovated basement likely adds further functional living or recreational space.

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