Property score
74.2
Good
Overall 74.2 · Larger and newer than most nearby homes
1,695 sqft (top 26%) · Built in 1984 (29 yrs newer than avg)
Located in a above-average income area with median household income of ~74k
Transit 92.0 · 4-min walk to transit with 6 nearby routes · Within 500m: 7 dining spots, 1 healthcare facility, 1 shop, and 2 parks nearby
Living Area
Above average
18% larger than neighborhood avg.
Year Built
Above average
29 yrs newer than neighborhood avg.
Mother tongue
English · 80%Chinese · 2%
Past 10 years Birchwood sales snapshot (~80% of all data)
81
390.5k
$299/sqft
1955
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74.2 is composed by the two sections below.
Property Score
Community Score
Birchwood
How to read: Share of sales in each ~$50k price band for “birchwood” (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: #46110341
$74K
Median household income
$88K
Average household income
8%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
33%
Single-person households
18%
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
159 Lake Street — 12 amenities found within 500 m, across 5 categories, including 7 dining (nearest 256 m), 1 healthcare (nearest 380 m), 1 shopping (nearest 336 m).
Birchwood · WPS public data · 2026
Annual incidents
3
2026
vs. city avg
-90%
relative to avg
Year-over-year
▼ -97%
vs. prior year
Primary type
Property
67%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 33% | Top 22% | Top 18% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 159 Lake Street, Birchwood, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Birchwood offers a compelling blend of space, recent updates, and strong value metrics. Its key characteristic is the generous 7,493 sqft lot, which places it in the top 15% for size on its street and provides ample outdoor potential. The 1,695 sqft living area is also notably above average for the immediate area. A significant feature is the renovated basement, adding valuable finished space. The property includes both an attached and a detached garage, a rare combination offering exceptional storage or workshop flexibility.
Its appeal lies in its solid, data-backed standing within its community. The home consistently ranks in the top 20-30% of Winnipeg for lot size, living area, and recent sold price, suggesting it outperforms many comparable properties. It suits buyers looking for a move-in-ready home with a low-maintenance single-level layout, but who also desire a large yard and versatile garage options. It’s particularly suited for those who value outdoor space for gardening, recreation, or future projects, or who need multiple garage bays for vehicles, hobbies, or a home business. The strong rankings indicate a property that is likely a stable, enduring asset in its neighbourhood.
Section 2: Frequently Asked Questions
1. What does the "renovated basement" entail?
While the listing confirms the basement is renovated, specifics on the finish quality, room layouts, and whether it includes a separate entrance or legal suite are not provided. This would be a key point for inspection and discussion with the seller.
2. The home was built in 1984. What major systems might need attention?
At 42 years old, the roof, windows, original plumbing, and electrical systems are at a stage where they may have been updated, but their current condition and age should be verified. The recent renovation likely addressed some areas, but a thorough home inspection is advised.
3. How does the assessed value compare to the recent sale price?
The 2023 sale price of $48.60k was higher than the current assessed value of $44.20k. This is common, as assessed values for tax purposes often lag behind market values. The sale price is a more current indicator of its market worth.
4. The lot is large, but how is it shaped and oriented?
The total square footage is provided, but the lot's dimensions, shape, and sun exposure are not detailed. These factors greatly influence usability for decks, gardens, or additions and should be viewed in person.
5. The rankings are strong, but what are the typical property types in this area?
The home ranks highly against its neighbours, but it's useful to know if the surrounding homes are similar one-storey houses or a mix of styles. This can influence future neighbourhood character and your own property's value trajectory.
